Latvia vs United States of America: Final consumption expenditure
Final consumption expenditure over time
- Latvia
- United States of America
How they compare
United States of America currently reports 81.5% against 80.5% in Latvia, a difference of 1.0%.
The two have swapped places 1 time across 30 shared years of data; in 1995 it was Latvia ahead.
Latvia ranks 85th and United States of America ranks 82nd of 188 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and United States of America in 3.
Head to head by decade
| Decade | Latvia | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 88.1% | 79.3% | 8.8% | Latvia |
| 2000s | 80.1% | 82.5% | 2.4% | United States of America |
| 2010s | 78.1% | 82.5% | 4.4% | United States of America |
| 2020s | 78.6% | 81.6% | 3.0% | United States of America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Latvia or United States of America?
- United States of America, at 81.5% against 80.5% in Latvia as of 2024.
- What is the difference in final consumption expenditure between Latvia and United States of America?
- 1.0%, with United States of America ahead.
- How many years of comparable data are there for Latvia and United States of America?
- 30 years are reported by both, from 1995 to 2024.
- How do Latvia and United States of America rank globally for final consumption expenditure?
- Latvia ranks 85th and United States of America ranks 82nd 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.