Latvia’s economic growth moderated at the start of 2026, with gross domestic product expanding by 2.5% year-on-year in the first quarter, down from a revised 2.9% increase in the fourth quarter of 2025. The latest data, updated on 29 May 2026, indicate a slight cooling in the pace of expansion compared with the end of last year.
The figures are based on a year-on-year comparison, measuring the change in GDP in the first quarter of 2026 against the same period a year earlier. Similarly, the previous 2.9% reading reflected the growth rate in the fourth quarter of 2025 compared with the fourth quarter of 2024. This softening suggests that while Latvia’s economy continues to grow, momentum has edged lower as 2026 begins.
