What is the current inflation rate in Latvia?

Latvia's consumer price inflation is 2.6% year-on-year as of Jul 2026.

How big is Latvia's economy?

Latvia's nominal GDP was $48.6B in 2025.

Latvia's unemployment rate is 7.3% as of Jul 2026.

We use primary economic sources for every country. See our methodology page for how we source and verify it.

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
GDP, current prices, USD	$48.6B	$44.0B	$48.6B	$5.6B	Dec 2025	Annual
Real GDP growth, YoY	2.5%	2.6%	15.0%	-17.9%	Mar 2026	Quarterly
Inflation rate, CPI YoY	2.6%	3.4%	1445.3%	-4.2%	Jul 2026	Monthly
Unemployment rate	7.3%	7.1%	20.7%	5.3%	Jul 2026	Monthly
Policy / benchmark interest rate	2.3%	2.3%	4.8%	0.0%	Aug 2026	Monthly
Government debt % GDP	46.9%	46.2%	48.2%	9.0%	Dec 2025	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
GDP From Agriculture	93.7%	94.3%	115.9%	55.0%	Jun 2026	Quarterly
GDP From Construction	107.1%	109.2%	197.9%	41.5%	Jun 2026	Quarterly
GDP, current prices, USD	$48.6B	$44.0B	$48.6B	$5.6B	Dec 2025	Annual
Full-Year GDP Growth	2.1%	-0.0%	12.8%	-16.0%	Dec 2025	Annual
GDP From Manufacturing	128.2%	126.1%	139.6%	56.0%	Jun 2026	Quarterly
GDP per capita, PPP	Int$46,137	Int$43,873	Int$46,137	Int$4,722	Dec 2025	Annual
GDP per capita, current USD	$26,312	$23,579	$26,312	$2,257	Dec 2025	Annual
GDP, PPP, international $	Int$85.3B	Int$81.9B	Int$85.3B	Int$12.1B	Dec 2025	Annual
GDP From Public Administration	128.8%	128.0%	128.8%	62.3%	Jun 2026	Quarterly
Real GDP growth, YoY	2.5%	2.6%	15.0%	-17.9%	Mar 2026	Quarterly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Total population	1.8M	1.9M	2.7M	1.8M	Dec 2025	Annual
Unemployment rate	7.3%	7.1%	20.7%	5.3%	Jul 2026	Monthly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Inflation rate, CPI YoY	2.6%	3.4%	1445.3%	-4.2%	Jul 2026	Monthly
Producer Prices MoM	0.0%	0.5%	7.6%	-4.7%	Jul 2026	Monthly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Policy / benchmark interest rate	2.3%	2.3%	4.8%	0.0%	Aug 2026	Monthly
Private credit / GDP	29.3%	28.6%	96.6%	28.6%	Dec 2024	Annual
Official / period-average FX vs USD	0.86 per USD	0.88 per USD	1.48 per USD	0.63 per USD	Aug 2026	Monthly
Foreign-exchange reserves (ex-gold)	$6.1B	$5.1B	$7.9B	$526.4M	Dec 2025	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
House Price Index	226	223	226	78.52	Mar 2026	Quarterly
House Price Index YoY	10.9%	10.5%	49.6%	-42.2%	Mar 2026	Quarterly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Consumer Confidence	-10.40	-7.50	13.90	-47.40	Aug 2026	Monthly
Retail Sales MoM	2.5%	0.8%	10.2%	-9.0%	Jul 2026	Monthly
Retail Sales YoY	7.1%	5.1%	24.9%	-28.3%	Jul 2026	Monthly

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Current account % GDP	-3.4%	-1.6%	8.0%	-22.1%	Dec 2025	Annual
Current Account Goods	$-964.3M	$-1.3B	$39.1M	$-2.0B	Mar 2026	Quarterly
Current Account Services	$612.0M	$625.9M	$760.2M	$54.2M	Mar 2026	Quarterly
FDI inflows	$243.7M	$1.5B	$3.7B	$-150.0M	Dec 2025	Annual
Gold Reserves	$867.1M	$861.4M	$1.1B	$64.7M	Jul 2026	Monthly
Personal remittances, received	$1.4B	$1.3B	$1.9B	$40.8M	Dec 2025	Annual
Tourism Revenues	$321.8M	$363.0M	$532.6M	$2.9M	Mar 2026	Quarterly
Exports	$23.4B	$23.3B	—	—	2025	Annual
Imports	$27.8B	—	—	—	2025	Annual

#	Name	Value 2025	Share	YoY
1	Lithuania	$9.1B	17.8%	+11%
2	Estonia	$4.9B	9.6%	+12%
3	Germany	$4.6B	8.9%	+19%
4	Poland	$4B	7.8%	+11%
5	Netherlands	$2.2B	4.3%	+8.8%
6	Refined industrial goods	$1.8B	3.5%	+6.2%
7	Processed materials	$1.6B	2.9%	-3.1%
8	Specialty equipment	$1.3B	2.4%	+12%
9	Consumer products	$975M	1.9%	+0.7%
10	Intermediate goods	$687M	1.4%	-5.4%

FAQ

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Budget balance % GDP	-4.0%	-1.7%	0.6%	-7.1%	Dec 2025	Annual
Government debt % GDP	46.9%	46.2%	48.2%	9.0%	Dec 2025	Annual
Military expenditure	3.3%	3.0%	3.3%	0.6%	Dec 2024	Annual
Military expenditure, current USD	$1.4B	$1.3B	$1.4B	$17.7M	Dec 2024	Annual
Government Spending to GDP	45.4%	44.0%	45.4%	34.4%	Dec 2025	Annual
Tax revenue % GDP	17.6%	16.6%	17.6%	10.1%	Dec 2024	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Business Confidence	-3.30	-3.50	10.70	-43.40	Aug 2026	Monthly
Industrial production YoY	4.7%	-3.3%	16.7%	-21.8%	Dec 2025	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Age-dependency ratio	59.7%	59.1%	59.7%	46.2%	Dec 2025	Annual
Total fertility rate	1.24 births per woman	1.36 births per woman	2.15 births per woman	1.09 births per woman	Dec 2024	Annual
Life expectancy at birth	76.43 years	75.43 years	76.43 years	65.66 years	Dec 2024	Annual
Working-age population	1.2M	1.2M	1.8M	1.2M	Dec 2025	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
Hospital beds per 1,000	4.95 per 1,000 people	5.02 per 1,000 people	14.31 per 1,000 people	4.95 per 1,000 people	Dec 2023	Annual
Health expenditure % GDP	7.3%	8.1%	9.4%	5.6%	Dec 2023	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
CO2 emissions	6.81 Mt CO₂	6.90 Mt CO₂	19.62 Mt CO₂	6.81 Mt CO₂	Dec 2024	Annual
Energy use per capita	2,271 kg oil eq. per capita	2,240 kg oil eq. per capita	2,963 kg oil eq. per capita	1,619 kg oil eq. per capita	Dec 2024	Annual

Indicator	Last	Previous	Highest	Lowest	Last updated	Frequency
ICT goods exports, % of goods exports	7.6%	8.2%	11.2%	0.9%	Dec 2024	Annual
ICT service exports, % of service exports	19.0%	17.5%	19.0%	0.0%	Dec 2025	Annual
Research & development expenditure % GDP	0.8%	0.8%	0.8%	0.4%	Dec 2023	Annual
High-technology exports, % of manufactured exports	17.5%	18.6%	20.0%	7.4%	Dec 2024	Annual