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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 / surplusi

% of GDP, annual (B.9)

Government debti

% of GDP, vs eurozone average

Government spending — latest year

By COFOG function (% of GDP)

Spending breakdowni

latest year (2024)

Total expenditure vs revenuei

% of GDP, annual

Macro indicators

Real GDP growthi

% YoY, annual

HICP inflationi

% YoY, annual average

Unemploymenti

% of active population

Sovereign borrowing cost

10Y benchmark government bond yield (monthly)

10Y yieldi

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 + forecasti

Solid = actual · dashed = forecast