Mountain to Climb

Latvia vs Germany: economic convergence

If Latvia grew 2.4% a year and Germany 0.5% a year, Latvia would catch up with Germany on GDP per capita (PPP) in about 25 years, around 2051. This is a scenario, not a forecast.

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If Latvia grew 2.4% a year and Germany 0.5% a year, Latvia would catch up with Germany on GDP per capita (PPP) in about 25 years, around 2051. This is a scenario, not a forecast.

Latest data (2025)

CountryGDP per capita (PPP)
Latvia$38,801
Germany$62,824

Latvia is at 62% of Germany's level.

Scenario

Latvia grows 2.4% a year (trailing 10-year average) and Germany grows 0.5% a year (trailing 10-year average). A scenario, not a forecast: the result follows only from the stated growth rates.

YearLatviaGermany
2026$39,732$63,138
2031$44,734$64,732
2036$50,366$66,367
2041$56,707$68,043
2046$63,846$69,761
2051$71,885$71,522
2056$80,935$73,328

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Source: World Bank (NY.GDP.PCAP.PP.KD). Mountain to Climb · World Bank data · Scenario: Latvia 2.4%, Germany 0.5%