Latvia 2022
Detailed economic analysis and indicators for 2022
Key Economic Indicators (2022)
GDP (Current USD)
$38.02 billion
↓ 0.44% vs 2021GDP per Capita
$20,229.46
↓ 0.16% vs 2021GDP Growth (Annual %)
1.81%
↓ 5.13pp vs 2021Inflation Rate (CPI %)
17.31%
↑ 14.03pp vs 2021Year-over-Year Comparison
| Indicator | 2021 | 2022 | Change |
|---|---|---|---|
| GDP (Current USD) | $38.19 billion | $38.02 billion | -0.44% |
| GDP per Capita | $20,262.84 | $20,229.46 | -0.16% |
| GDP Growth (Annual %) | 6.95% | 1.81% | -5.13pp |
| Inflation (CPI %) | 3.28% | 17.31% | +14.03pp |
| Unemployment Rate (%) | 7.51% | 6.82% | -0.70pp |
All Economic Indicators (2022)
National Accounts
- GDP (Current USD)
- $38.02 billion
- GDP per Capita
- $20,229.46
- GDP Growth (Annual %)
- 1.81%
- Gross National Income
- $40.32 billion
Prices & Employment
- Inflation (CPI %)
- 17.31%
- Inflation (GDP Deflator %)
- 9.84%
- Unemployment Rate (%)
- 6.82%
- 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)
- -5.48%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2022, Latvia's Gross Domestic Product (GDP) is $38.02 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Latvia for 2022 is $20,229.46. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Latvia for 2022 is 17.31%. This measures the annual percentage change in the cost of consumer goods and services.
Latvia's annual GDP growth rate for 2022 is 1.81%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Latvia for 2022 is 6.82%. This represents the percentage of the labor force that is unemployed and actively seeking employment.