Gross domestic product (GDP) and main components (output, expenditure and income) - annual data

In 2024, Latvia's gross domestic product (GDP) and main components (output, expenditure and income) increased by 2.7% compared to 2023, reaching €40,652M.

Latvia accounts for 0.2% of the EU-27 total of €18,022,243M.

Latvia ranks 24th out of 27 EU member states with reported data — in the bottom half of the distribution.

Over the past five years, the indicator has grown by 37.5% (from €29,567M in 2019).

Source: Eurostat dataset nama_10_gdp, accessed via the eupublicdata pipeline.