Latvia GNI per Capita
GNI divided by midyear population NY.GNP.PCAP.CD
Latvia's gni per capita was $23,059 in 2025, ranked 61st globally. This represents a 6.6% increase from 2024. Data from World Bank, covering 1997–2025.
Overview
Latvia's gni per capita stood at $23,059 in 2025, a rise of +$1,429 from 2024. Based on recent trends, this figure is projected to reach $23,059 by 2025. Latvia ranked 61st globally.
Latvia’s gross national income per capita has risen dramatically since the World Bank’s earliest record in 1997, when it stood at 2,640.00, to an all‑time peak of 23,059.00 in 2025, placing the country 61st globally. This thirty‑year ascent reflects sustained structural reforms, integration into the European Union, and a shift toward higher‑value services, lifting Latvia’s average income to a level comparable with Poland’s 23,036.00 and just below St. Kitts and Nevis’s 23,461.00. The upward trajectory has been punctuated by periods of slower growth during the global financial crisis and the COVID‑19 pandemic, yet the post‑crisis recovery accelerated the climb to the 2025 peak. Continued convergence with Western European income standards will depend on maintaining productivity gains, attracting foreign investment, and mitigating demographic pressures; absent major disruptions, the trend suggests further modest improvements in GNI per capita in the coming years.
Data & projection
| Year | GNI per Capita | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $25,109 | - | - |
| 2026* trend | $24,084 | - | - |
| 2025* trend | $23,059 | - | - |
| 2025 | $23,059 | +$1,429 | #61 |
| 2024 | $21,630 | +$630 | #57 |
| 2023 | $21,000 | +$370 | #59 |
| 2022 | $20,630 | +$1,320 | #59 |
| 2021 | $19,310 | +$1,960 | #58 |
| 2020 | $17,350 | +$340 | #58 |
| 2019 | $17,010 | +$1,000 | #64 |
| 2018 | $16,010 | +$1,650 | #63 |
| 2017 | $14,360 | +$60 | #63 |
| 2016 | $14,300 | −$280 | #62 |
| 2015 | $14,580 | −$230 | #60 |
| 2014 | $14,810 | +$470 | #60 |
| 2013 | $14,340 | +$910 | #61 |
| 2012 | $13,430 | +$960 | #62 |
| 2011 | $12,470 | +$220 | #62 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw gni per capita improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's gni per capita was $23,059 in 2025. Ranked 61st globally. This represents a 6.6% increase from the previous year.
Latvia's gni per capita peaked at $23,059 in 2025.
The lowest gni per capita in Latvia was $2,640 in 1997.
Latvia ranks 61st globally in gni per capita as of 2025.
The World Bank indicator code is NY.GNP.PCAP.CD. Data sourced from World Bank.
Latvia's gni per capita is projected to reach $23,059 by 2025 based on trend extrapolation.
The gni per capita of Latvia in 2025 was $23,059. This ranks 61st in the world.
Cite this page
@misc{historysaid_latvia_gni-per-capita,
title = {Latvia GNI per Capita},
url = {https://historysaid.com/latvia/gni-per-capita/},
publisher = {HistorySaid},
year = {2026}
}