Latvia
EU member since 2004 · eurozone since 2014 · capital Riga
GDP nominal
43.0B€M
+2373.90 YoY
as of 2025-01
GDP per cap
23,410€
+1610.00 YoY
as of 2025-01
Deficit
-2.50% GDP
-0.70 YoY
as of 2025-01
Debt
46.90% GDP
+0.70 YoY
as of 2025-01
HICP
3.80%
+2.50 YoY
as of 2025-01
Unemployment
6.90%
+0.00 YoY
as of 2025-01
Fiscal trajectory
Deficit history + debt vs eurozone average
Government deficit / surplus
% of GDP, annual (B.9)
Government debt
% of GDP, vs eurozone average
Government spending — latest year
By COFOG function (% of GDP)
Spending breakdown
latest year (2024)
Total expenditure vs revenue
% of GDP, annual
Macro indicators
Real GDP growth
% YoY, annual
HICP inflation
% YoY, annual average
Unemployment
% of active population
Sovereign borrowing cost
10Y benchmark government bond yield (monthly)
10Y yield
vs. EU peers
Rank against the other 26 EU member states for the latest available period
Debt rank
17/27
debt: 46.9%
Deficit rank
14/27
deficit: -2.5%
GDP per cap
24/27
GDP/cap: €23,410
IMF WEO forecasts
GDP growth — historical + forecast
Solid = actual · dashed = forecast