Latvia GDP per Capita PPP
GDP per capita based on PPP NY.GDP.PCAP.PP.CD
Latvia's gdp per capita ppp was $44,106 in 2025, ranked 54th globally. This represents a 1.6% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Latvia's gdp per capita ppp stood at $44,106 in 2025, a rise of +$711 from 2024. The IMF projects $44,106 by 2025. Latvia ranked 54th globally.
Latvia’s GDP per capita measured in purchasing‑power‑parity terms rose from a low of 4,722.00 in 1993, the all‑time trough, to 44,105.52 in 2025, the highest level recorded over the 36‑year series and the figure that places the country 54th in the global ranking. This increase represents a more than nine‑fold expansion and reflects the structural reforms and integration into the European Union that followed the early‑1990s transition. Latvia’s 2025 level is marginally below that of Greece (44,985.38) and Kazakhstan (44,777.86), and slightly above Türkiye (43,786.19), indicating that the Baltic state now competes with middle‑income economies that have diversified export bases and attracted foreign direct investment. The early‑1990s trough underscores the depth of the post‑Soviet contraction, while the steady climb since the mid‑1990s signals resilience. Continued convergence with higher‑income peers will depend on productivity gains, demographic trends, and the capacity to absorb EU cohesion funds, suggesting a cautiously optimistic trajectory.
Data & projection
| Year | GDP per Capita PPP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | $54,546 | - | - |
| 2029* IMF | $52,167 | - | - |
| 2028* IMF | $49,956 | - | - |
| 2027* IMF | $47,929 | - | - |
| 2026* IMF | $45,962 | - | - |
| 2025* IMF | $44,106 | - | - |
| 2025 | $44,106 | +$711 | #54 |
| 2024 | $43,394 | +$1,952 | #58 |
| 2023 | $42,576 | +$3,571 | #60 |
| 2022 | $40,559 | +$5,120 | #59 |
| 2021 | $36,912 | +$4,295 | #58 |
| 2020 | $32,741 | +$645 | #56 |
| 2019 | $32,199 | +$2,492 | #62 |
| 2018 | $29,818 | +$2,284 | #61 |
| 2017 | $25,764 | −$146 | #68 |
| 2016 | $24,063 | −$748 | #66 |
| 2015 | $22,544 | −$962 | #68 |
| 2014 | $21,554 | −$825 | #73 |
| 2013 | $20,474 | −$858 | #74 |
| 2012 | $19,417 | +$181 | #77 |
| 2011 | $17,680 | −$215 | #76 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp per capita ppp improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's gdp per capita ppp was $44,106 in 2025. Ranked 54th globally. This represents a 1.6% increase from the previous year.
Latvia's gdp per capita ppp peaked at $44,106 in 2025.
The lowest gdp per capita ppp in Latvia was $4,722 in 1993.
Latvia ranks 54th globally in gdp per capita ppp as of 2025.
The World Bank indicator code is NY.GDP.PCAP.PP.CD. Data sourced from World Bank.
Latvia's gdp per capita ppp is projected to reach $44,106 by 2025 based on IMF projection.
The gdp per capita ppp of Latvia in 2025 was $44,106. This ranks 54th in the world.
Cite this page
@misc{historysaid_latvia_gdp-per-capita-ppp,
title = {Latvia GDP per Capita PPP},
url = {https://historysaid.com/latvia/gdp-per-capita-ppp/},
publisher = {HistorySaid},
year = {2026}
}