Key facts about Latvia
Latvia has a population of about 1.8 million (2025), and its capital is Riga.
In 2025, the population shrank by 1%, and 68.6% of people lived in urban areas. The currency is the euro (EUR), and the official language is Latvian.
In Latvia, standard time is UTC+02:00, with daylight saving time in summer, traffic drives on the right and the international calling code is +371.
Latvia's gross domestic product (GDP) was $48.6 billion in 2025, or $26,312 per person. It exported $30.4 billion and imported $32.6 billion of goods and services in 2025, so trade equaled 130% of GDP.
| Capital | Riga |
|---|---|
| Population (2025) | 1,847,785 |
| Land area (2024) | 62,230 km² (24,027 sq mi) |
| Currency | euro (EUR) |
| Official language | Latvian |
| Time zone (standard) | UTC+02:00 |
| Calling code | +371 |
| Internet domain | .lv |
| Drives on the | right |
| GDP (2025) | $48.6 billion |
| GDP per person (2025) | $26,312 |
Latvia's GDP grew from $27.1 billion in 2016 to $48.6 billion in 2025, while the population went from 1,959,537 to 1,847,785. The largest one-year rise was in 2021, up 14.4%. Divided by population, that is about $13,839 per person in 2016 and $26,312 in 2025.
Show the numbers
| Year | GDP (current US$) | Population |
|---|---|---|
| 2025 | $48.62 billion | 1,847,785 |
| 2024 | $44 billion | 1,866,124 |
| 2023 | $42.78 billion | 1,883,710 |
| 2022 | $38 billion | 1,879,383 |
| 2021 | $38.18 billion | 1,884,490 |
| 2020 | $33.38 billion | 1,900,449 |
| 2019 | $33.1 billion | 1,913,822 |
| 2018 | $33.25 billion | 1,927,174 |
| 2017 | $29.39 billion | 1,942,248 |
| 2016 | $27.12 billion | 1,959,537 |