Annual growth of general government final consumption expenditure in Latvia
Latvia: Annual growth of general government final consumption expenditure was 7 in 2023. ◆ Volatile
Annual growth of general government final consumption expenditure in Latvia, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual growth of general government final consumption expenditure in Latvia stood at 7. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 145.6% on the previous year and up 379.5% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Latvia peaked at 7 in 2023 and was at its lowest, -10.05, in 2009.
Latvia ranks 20th of 167 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of general government final consumption expenditure in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.19 | — |
| 2001 | 4.8 | -250.5% |
| 2002 | 4.13 | -14.0% |
| 2003 | 4.08 | -1.2% |
| 2004 | 2.42 | -40.7% |
| 2005 | 3.69 | +52.5% |
| 2006 | 5.95 | +61.2% |
| 2007 | 3.17 | -46.7% |
| 2008 | 1.98 | -37.5% |
| 2009 | -10.05 | -607.6% |
| 2010 | -8.1 | -19.4% |
| 2011 | 1.66 | -120.5% |
| 2012 | 0.72 | -56.6% |
| 2013 | 1.46 | +102.8% |
| 2014 | 3.85 | +163.7% |
| 2015 | 1.47 | -61.8% |
| 2016 | 2.07 | +40.8% |
| 2017 | 3.48 | +68.1% |
| 2018 | 1.75 | -49.7% |
| 2019 | 5.57 | +218.3% |
| 2020 | 2.11 | -62.1% |
| 2021 | 3.51 | +66.4% |
| 2022 | 2.85 | -18.8% |
| 2023 | 7 | +145.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7 | -10.05 | 5.95 | 10 |
| 2010s | 1.39 | -8.1 | 5.57 | 10 |
| 2020s | 3.87 | 2.11 | 7 | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Latvia?
- Annual growth of general government final consumption expenditure in Latvia was 7 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Latvia?
- The highest recorded value was 7 in 2023.
- What is the lowest annual growth of general government final consumption expenditure recorded in Latvia?
- The lowest recorded value was -10.05 in 2009.
- How does Latvia rank for annual growth of general government final consumption expenditure?
- Latvia ranks 20th out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 379.5%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
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