Economic Outlook No 115 — Private final consumption expenditure in Latvia
Latvia: Economic Outlook No 115 — Private final consumption expenditure was 27.15 billion in 2025. ◆ Volatile
Economic Outlook No 115 — Private final consumption expenditure in Latvia, 1995–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
Latvia recorded 27.15 billion for economic outlook no 115 — private final consumption expenditure in 2025. That is the highest value across all 31 years on record.
That represents a change of up 5.6% on the previous year and up 84.6% over ten years.
Over the whole period, economic outlook no 115 — private final consumption expenditure in Latvia peaked at 27.15 billion in 2025 and was at its lowest, 2.66 billion, in 1995.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 115 — Private final consumption expenditure in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 2.66 billion | — |
| 1996 | 3.19 billion | +19.8% |
| 1997 | 3.61 billion | +13.4% |
| 1998 | 3.84 billion | +6.2% |
| 1999 | 4.09 billion | +6.5% |
| 2000 | 4.30 billion | +5.1% |
| 2001 | 4.63 billion | +7.7% |
| 2002 | 5.18 billion | +11.9% |
| 2003 | 5.90 billion | +13.8% |
| 2004 | 6.93 billion | +17.4% |
| 2005 | 8.38 billion | +21.1% |
| 2006 | 10.94 billion | +30.5% |
| 2007 | 13.59 billion | +24.3% |
| 2008 | 14.15 billion | +4.1% |
| 2009 | 11.50 billion | -18.7% |
| 2010 | 11.46 billion | -0.3% |
| 2011 | 12.16 billion | +6.2% |
| 2012 | 13.27 billion | +9.1% |
| 2013 | 14.19 billion | +7.0% |
| 2014 | 14.48 billion | +2.0% |
| 2015 | 14.71 billion | +1.6% |
| 2016 | 15.40 billion | +4.7% |
| 2017 | 16.37 billion | +6.3% |
| 2018 | 17.38 billion | +6.2% |
| 2019 | 17.95 billion | +3.3% |
| 2020 | 17.17 billion | -4.4% |
| 2021 | 19.04 billion | +10.9% |
| 2022 | 23.14 billion | +21.5% |
| 2023 | 24.67 billion | +6.6% |
| 2024 | 25.70 billion | +4.2% |
| 2025 | 27.15 billion | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.48 billion | 2.66 billion | 4.09 billion | 5 |
| 2000s | 8.55 billion | 4.30 billion | 14.15 billion | 10 |
| 2010s | 14.74 billion | 11.46 billion | 17.95 billion | 10 |
| 2020s | 22.81 billion | 17.17 billion | 27.15 billion | 6 |
Countries ranked near Latvia
- 4 Netherlands 493.60 billion compare
- 4 Japan 336.40 trillion compare
- 5 Lithuania 47.16 billion compare
- 5 India 210.14 trillion compare
- 6 Slovenia 37.29 billion compare
- 6 Chile 193.39 trillion compare
- 7 Hungary 42.67 trillion compare
- 8 Estonia 21.69 billion compare
- 8 Costa Rica 34.01 trillion compare
- 9 Mexico 25.09 trillion compare
- 10 United States 20.26 trillion compare
More economy & growth data for Latvia
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- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
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- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
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- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is economic outlook no 115 — private final consumption expenditure in Latvia?
- Economic outlook no 115 — private final consumption expenditure in Latvia was 27.15 billion in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 115 — private final consumption expenditure recorded in Latvia?
- The highest recorded value was 27.15 billion in 2025.
- What is the lowest economic outlook no 115 — private final consumption expenditure recorded in Latvia?
- The lowest recorded value was 2.66 billion in 1995.
- How does Latvia rank for economic outlook no 115 — private final consumption expenditure?
- Latvia ranks 7th out of 8 countries with data for 2025.
- Is economic outlook no 115 — private final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 84.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 115 — Private final consumption expenditure, nominal value, GDP expenditure approach. Statizoid updates them automatically from the source API.
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About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP