Latvia GDP

The Gross Domestic Product (GDP) in Latvia was worth 28.37 billion US dollars in 2012. The GDP value of Latvia represents 0.05 percent of the world economy. GDP in Latvia is reported by the the World Bank. From 1987 until 2012, Latvia GDP averaged 12.9 USD Billion reaching an all time high of 33.7 USD Billion in December of 2008 and a record low of 4.5 USD Billion in December of 1993. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Latvia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
28.37 28.48 33.67 4.50 28.84 | 2014/06 1987 - 2012 USD Billion Yearly

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Latvia GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 28.37 2012-12-31 28.48 33.67 4.50 28.84 2014-06-30 USD Billion [+]
GDP Constant Prices 5654522.00 2013-11-15 5470765.00 6299392.00 3808.00 5595474.04 2014-06-30 LVL THO [+]
GDP Growth Rate 0.80 2013-12-31 1.20 4.60 -12.00 0.84 2014-03-31 Percent [+]
GDP Annual Growth Rate 3.60 2013-12-31 4.60 13.90 -19.10 3.87 2014-03-31 Percent [+]
Gross Fixed Capital Formation 1230335.00 2013-11-15 1346304.00 1346304.00 64877.00 1531092.64 2014-03-31 LVL THO [+]
Gross National Product 6316.00 2013-11-15 6013.00 6316.00 607.90 6849.76 2014-03-31 LVL Million [+]
GDP per capita 8526.99 2012-12-31 7946.47 8699.39 2152.74 9402.37 2014-06-30 USD [+]
GDP per capita PPP 15946.28 2012-12-31 14860.64 16268.68 5920.84 17704.42 2014-06-30 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Latvia Balance of Trade at -145.80 EUR Million  
Latvia recorded a trade deficit of 145.80 EUR Million in February of 2014. Balance of Trade in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Capital Flows at 64013.00 LVL THO  
Capital Flows in Latvia decreased to 64013 LVL THO in the fourth quarter of 2013 from 268123 LVL THO in the third quarter of 2013. Capital Flows in Latvia is reported by the Bank of Latvia.
Latvia Capacity Utilization at 72.10 Percent  
Capacity Utilization in Latvia decreased to 72.10 percent in the first quarter of 2014 from 72.20 percent in the fourth quarter of 2013. Capacity Utilization in Latvia is reported by the European Commission.
Latvia Car Registrations at 2910.00 Cars  
Car Registrations in Latvia decreased to 2910 Cars in the first quarter of 2014 from 3048 Cars in the fourth quarter of 2013. Car Registrations in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Consumer Price Index (CPI) at 107.30 Index Points  
Consumer Price Index (CPI) in Latvia increased to 107.30 Index Points in March of 2014 from 107 Index Points in February of 2014. Consumer Price Index (CPI) in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Consumer Spending at 3476763.00 LVL Thousand  
Consumer Spending in Latvia increased to 3476763 LVL Thousand in the fourth quarter of 2013 from 3445343 LVL Thousand in the third quarter of 2013. Consumer Spending in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Employed Persons at 900.00 Thousand  
The number of employed persons in Latvia decreased to 900 Thousand in the fourth quarter of 2013 from 906 Thousand in the third quarter of 2013. Employed Persons in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Exports at 797.10 EUR Million  
Exports in Latvia increased to 797.10 EUR Million in February of 2014 from 738.40 EUR Million in January of 2014. Exports in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia Export Prices at 117.20 Index Points  
Export Prices in Latvia remained unchanged at 117.20 Index Points in the fourth quarter of 2013 from 117.20 Index Points in the third quarter of 2013. Export Prices in Latvia is reported by the Central Statistical Bureau of Latvia.
Latvia GDP Constant Prices at 5654522.00 LVL THO  
GDP Constant Prices in Latvia increased to 5654522 LVL THO in the fourth quarter of 2013 from 5470765 LVL THO in the third quarter of 2013. GDP Constant Prices in Latvia is reported by the Central Statistical Bureau of Latvia.
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