Azerbaijan vs Latvia: PPP conversion factor, GDP
PPP conversion factor, GDP over time
- Azerbaijan
- Latvia
How they compare
Latvia currently reports 0.5047 LCU per international $ against 0.4825 LCU per international $ in Azerbaijan, a difference of 0.0222 LCU per international $.
The two have swapped places 4 times across 36 shared years of data; in 1990 it was Latvia ahead.
Azerbaijan ranks 189th and Latvia ranks 188th of 204 countries.
Across the 4 decades both report, Azerbaijan averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | Azerbaijan | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.075 LCU per international $ | 0.2223 LCU per international $ | 0.1473 LCU per international $ | Latvia |
| 2000s | 0.2251 LCU per international $ | 0.4637 LCU per international $ | 0.2386 LCU per international $ | Latvia |
| 2010s | 0.4092 LCU per international $ | 0.518 LCU per international $ | 0.1089 LCU per international $ | Latvia |
| 2020s | 0.5008 LCU per international $ | 0.4833 LCU per international $ | 0.0176 LCU per international $ | Azerbaijan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher ppp conversion factor, gdp, Azerbaijan or Latvia?
- Latvia, at 0.5047 LCU per international $ against 0.4825 LCU per international $ in Azerbaijan as of 2025.
- What is the difference in ppp conversion factor, gdp between Azerbaijan and Latvia?
- 0.0222 LCU per international $, with Latvia ahead.
- How many years of comparable data are there for Azerbaijan and Latvia?
- 36 years are reported by both, from 1990 to 2025.
- How do Azerbaijan and Latvia rank globally for ppp conversion factor, gdp?
- Azerbaijan ranks 189th and Latvia ranks 188th of 204 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as PPP conversion factor, GDP (LCU per international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The purchasing power parity (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 gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.