Annual growth of the general government final consumption expenditure in Latvia
Latvia: Annual growth of the general government final consumption expenditure was 7.0% in 2023. ◆ Volatile
Annual growth of the general government final consumption expenditure in Latvia, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, annual growth of the general government final consumption expenditure in Latvia stood at 7.0%. That is the highest value across all 24 years on record.
The figure is up 145.9% on the previous year and up 378.5% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Latvia peaked at 7.0% in 2023 and was at its lowest, -10.1%, in 2009.
That places Latvia 31st out of 181 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the general government final consumption expenditure in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -3.2% | — |
| 2001 | 4.8% | -250.3% |
| 2002 | 4.1% | -14.0% |
| 2003 | 4.1% | -1.3% |
| 2004 | 2.4% | -40.7% |
| 2005 | 3.7% | +52.4% |
| 2006 | 6.0% | +61.5% |
| 2007 | 3.2% | -46.8% |
| 2008 | 2.0% | -37.4% |
| 2009 | -10.1% | -607.2% |
| 2010 | -8.1% | -19.5% |
| 2011 | 1.7% | -120.5% |
| 2012 | 0.7% | -56.4% |
| 2013 | 1.5% | +101.9% |
| 2014 | 3.8% | +163.0% |
| 2015 | 1.5% | -61.9% |
| 2016 | 2.1% | +41.2% |
| 2017 | 3.5% | +68.0% |
| 2018 | 1.7% | -49.7% |
| 2019 | 5.6% | +218.7% |
| 2020 | 2.1% | -62.1% |
| 2021 | 3.5% | +66.3% |
| 2022 | 2.8% | -18.9% |
| 2023 | 7.0% | +145.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7% | -10.1% | 6.0% | 10 |
| 2010s | 1.4% | -8.1% | 5.6% | 10 |
| 2020s | 3.9% | 2.1% | 7.0% | 4 |
Countries ranked near Latvia
- 28 Croatia 7.3% compare
- 29 Philippines 7.3% compare
- 30 Paraguay 7.1% compare
- 32 Solomon Islands 6.9% compare
- 33 Sierra Leone 6.8% compare
- 34 Samoa 6.8% compare
More economy & growth data for Latvia
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Latvia?
- Annual growth of the general government final consumption expenditure in Latvia was 7.0% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Latvia?
- The highest recorded value was 7.0% in 2023.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Latvia?
- The lowest recorded value was -10.1% in 2009.
- How does Latvia rank for annual growth of the general government final consumption expenditure?
- Latvia ranks 31st out of 181 countries with data for 2023.
- Is annual growth of the general government final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 378.5%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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