Latvia vs Serbia: Final consumption expenditure
Final consumption expenditure over time
- Latvia
- Serbia
How they compare
Serbia currently reports 80.9% against 80.5% in Latvia, a difference of 0.4%.
The two have swapped places 2 times across 31 shared years of data; in 1995 it was Serbia ahead.
Latvia ranks 85th and Serbia ranks 84th of 188 countries.
Serbia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | Serbia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 88.1% | 93.7% | 5.6% | Serbia |
| 2000s | 80.1% | 96.4% | 16.2% | Serbia |
| 2010s | 78.1% | 89.7% | 11.6% | Serbia |
| 2020s | 78.9% | 81.8% | 2.9% | Serbia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Latvia or Serbia?
- Serbia, at 80.9% against 80.5% in Latvia as of 2025.
- What is the difference in final consumption expenditure between Latvia and Serbia?
- 0.4%, with Serbia ahead.
- How many years of comparable data are there for Latvia and Serbia?
- 31 years are reported by both, from 1995 to 2025.
- How do Latvia and Serbia rank globally for final consumption expenditure?
- Latvia ranks 85th and Serbia ranks 84th of 188 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.