GDP per capita in Latvia
GDP growth slows in the first quarter of 2023
GDP growth slowed to 0.7% year on year in the first quarter of 2023 from 1.2% in the previous quarter, according to preliminary national accounts data released by the Statistical Institute on 27 April. Meanwhile, GDP expanded 0.5% in seasonally adjusted quarter-on-quarter terms in Q1, following the 1.2% reading clocked in the previous period.
The first quarter’s moderation was caused by reduced activity in producing sectors, while services grew 0.4%.
More detailed data will be released on 31 May.
Latvia GDP per capita Chart
This chart displays GDP per capita (USD) for Latvia from 2013 to 2022.
Latvia GDP per capita Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| GDP per capita (USD) | 15,604 | 17,785 | 17,885 | 18,083 | 20,992 |