Latvia 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$33.38 billion
↑ 0.85% vs 2019GDP per Capita
$17,564.23
↑ 1.56% vs 2019GDP Growth (Annual %)
-3.47%
↓ 4.14pp vs 2019Inflation Rate (CPI %)
0.22%
↓ 2.59pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $33.10 billion | $33.38 billion | +0.85% |
| GDP per Capita | $17,294.98 | $17,564.23 | +1.56% |
| GDP Growth (Annual %) | 0.68% | -3.47% | -4.14pp |
| Inflation (CPI %) | 2.81% | 0.22% | -2.59pp |
| Unemployment Rate (%) | 6.31% | 8.10% | +1.79pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $33.38 billion
- GDP per Capita
- $17,564.23
- GDP Growth (Annual %)
- -3.47%
- Gross National Income
- $34.39 billion
Prices & Employment
- Inflation (CPI %)
- 0.22%
- Inflation (GDP Deflator %)
- 2.39%
- Unemployment Rate (%)
- 8.10%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 3.09%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Latvia's Gross Domestic Product (GDP) is $33.38 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2020 is $17,564.23. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2020 is 0.22%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2020 is -3.47%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2020 is 8.10%. This represents the percentage of the labor force that is unemployed and actively seeking employment.