Latvia 2021
Detailed economic analysis and indicators for 2021
Key Economic Indicators (2021)
GDP (Current USD)
$38.19 billion
↑ 14.40% vs 2020GDP per Capita
$20,262.84
↑ 15.36% vs 2020GDP Growth (Annual %)
6.95%
↑ 10.42pp vs 2020Inflation Rate (CPI %)
3.28%
↑ 3.06pp vs 2020Year-over-Year Comparison
| Indicator | 2020 | 2021 | Change |
|---|---|---|---|
| GDP (Current USD) | $33.38 billion | $38.19 billion | +14.40% |
| GDP per Capita | $17,564.23 | $20,262.84 | +15.36% |
| GDP Growth (Annual %) | -3.47% | 6.95% | +10.42pp |
| Inflation (CPI %) | 0.22% | 3.28% | +3.06pp |
| Unemployment Rate (%) | 8.10% | 7.51% | -0.59pp |
All Economic Indicators (2021)
National Accounts
- GDP (Current USD)
- $38.19 billion
- GDP per Capita
- $20,262.84
- GDP Growth (Annual %)
- 6.95%
- Gross National Income
- $38.71 billion
Prices & Employment
- Inflation (CPI %)
- 3.28%
- Inflation (GDP Deflator %)
- 3.30%
- Unemployment Rate (%)
- 7.51%
- 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)
- -4.14%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2021, Latvia's Gross Domestic Product (GDP) is $38.19 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2021 is $20,262.84. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2021 is 3.28%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2021 is 6.95%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2021 is 7.51%. This represents the percentage of the labor force that is unemployed and actively seeking employment.