Latvia GDP Growth Rate
Mar 2026 · Quarterly
Latvia's real GDP growth rose to 2.97% in the second quarter of 2026 from 2.59% in the previous quarter. The growth rate is the highest since the second quarter of 2022, when it last exceeded this level. The economy has now expanded for five consecutive quarters, following a period of contraction from mid-2023 into early 2024. Over the past year, growth accelerated from 1.63% in the second quarter of 2025, according to the International Monetary Fund.
source: International Monetary Fund
Latvia's real GDP grew 2.456% year-on-year in the first quarter of 2026, easing from a 2.584% expansion in the previous quarter. The reading remains well above the recent trough of -2.067% recorded in the first quarter of 2024, but is far below the all-time high of 14.952% seen in the first quarter of 2007. The series dates back to the first quarter of 1996.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.5% | 2.6% | 15.0%Mar 2007 | -17.9%Sep 2009 | 1996 – 2026 | Quarterly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| GDP | $48.6B | $44.0B | $48.6B | $5.6B | Dec 2025 | Annual |
| Industrial Production | 4.7% | -3.3% | 16.7% | -21.8% | Dec 2025 | Annual |
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About this series
GDP Growth Rate in Latvia averaged 3.5% from 1996 until 2026, reaching an all-time high of 15.0% in Mar 2007 and a record low of -17.9% in Sep 2009. The series is reported quarterly with history from 1996.
Real GDP growth measures the annual change in the inflation-adjusted value of all goods and services produced in Latvia. The indicator is reported quarterly as a percentage change from the same quarter one year earlier. The data series begins in the first quarter of 1996.
Source & methodology
International Monetary Fund · IMF. Data is also available free of charge from the IMF
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