Latvia vs Mongolia: Households and NPISHs Final consumption expenditure, PPP
Households and NPISHs Final consumption expenditure, PPP over time
- Latvia
- Mongolia
How they compare
Latvia currently reports 36.22 billion constant 2021 international $ against 35.31 billion constant 2021 international $ in Mongolia, a difference of 910.80 million constant 2021 international $.
Across all 16 years both countries report, Latvia has been ahead every year.
Latvia ranks 108th and Mongolia ranks 111th of 170 countries.
Latvia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latvia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 30.04 billion constant 2021 international $ | 18.61 billion constant 2021 international $ | 11.43 billion constant 2021 international $ | Latvia |
| 2020s | 35.13 billion constant 2021 international $ | 28.66 billion constant 2021 international $ | 6.47 billion constant 2021 international $ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher households and npishs final consumption expenditure, ppp, Latvia or Mongolia?
- Latvia, at 36.22 billion constant 2021 international $ against 35.31 billion constant 2021 international $ in Mongolia as of 2025.
- What is the difference in households and npishs final consumption expenditure, ppp between Latvia and Mongolia?
- 910.80 million constant 2021 international $, with Latvia ahead.
- How many years of comparable data are there for Latvia and Mongolia?
- 16 years are reported by both, from 2010 to 2025.
- How do Latvia and Mongolia rank globally for households and npishs final consumption expenditure, ppp?
- Latvia ranks 108th and Mongolia ranks 111th of 170 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for final consumption expenditure expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.