Estonia vs Latvia

Estonia vs Latvia: GDP growth

GDP growth in 2025: 1.3% a year in Estonia and 2.1% a year in Latvia, by IMF estimates. In 2025 the value was higher in Latvia, by 0.9 percentage points, or 1.67 times that in Estonia.

Watch it change on the map

% a year · IMF

Estonia vs Latvia: GDP growthGDP growth in 2025: 1.3% a year in Estonia and 2.1% a year in Latvia, by IMF estimates. In 2025 the value was higher in Latvia, by 0.9 percentage points, or 1.67 times that in Estonia.
EstoniaLatviaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Latvia has been higher since 2025, when it overtook Estonia.
  • In 2025, Estonia ranked 115 and Latvia ranked 99 of 143 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Estonia at 1.7% a year and Latvia at 2% a year in 2031.

Every year

% a year · IMF

YearEstoniaLatvia
20251.32.1
20240.1-0
2023-2.9-0.9
20220.71.9
20218.36.9
2020-2.9-3.5
20193.70.7
20183.74.3
20175.63.4
20163.12.6
20151.83.8
20143.32.1
20131.82.1
20123.77.3
20117.63
20102.5-3.7
2009-14.6-16
2008-5.1-3.4
20077.610.4
20069.812.8
20059.511.6
20046.88.7
20037.68.4
20026.97.7
20015.96.5
200010.15.8
1999-0.42.8
19984.36.6
199713.19.2
19964.92.3
19952.2-2.1
1994-1.62.2
1993–-11.4
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearEstoniaLatvia
20262.12.3
20272.21.8
20281.92.1
20291.82
20301.72
20311.72

Each country on its own

Good to know

  • How much the economy grew or shrank in a year, after inflation.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 143 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Estonia vs Latvia

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