Economic Outlook No 115 — Private final consumption expenditure in Latvia
Latvia: Economic Outlook No 115 — Private final consumption expenditure was 18.53 billion in 2025. ▲ Rising
Economic Outlook No 115 — Private final consumption expenditure in Latvia, 1995–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
Latvia recorded 18.53 billion for economic outlook no 115 — private final consumption expenditure in 2025. That is the highest value across all 31 years on record.
The figure is up 3.3% on the previous year and up 26.0% over ten years.
Over the whole period, economic outlook no 115 — private final consumption expenditure in Latvia peaked at 18.53 billion in 2025 and was at its lowest, 7.02 billion, in 1995.
The long-run direction has been consistently rising across the 31 years of available data.
Economic Outlook No 115 — Private final consumption expenditure in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 7.02 billion | — |
| 1996 | 7.40 billion | +5.5% |
| 1997 | 7.81 billion | +5.4% |
| 1998 | 7.88 billion | +1.0% |
| 1999 | 8.15 billion | +3.3% |
| 2000 | 8.32 billion | +2.1% |
| 2001 | 8.75 billion | +5.1% |
| 2002 | 9.28 billion | +6.2% |
| 2003 | 10.03 billion | +8.1% |
| 2004 | 11.06 billion | +10.2% |
| 2005 | 12.21 billion | +10.4% |
| 2006 | 14.46 billion | +18.4% |
| 2007 | 16.09 billion | +11.3% |
| 2008 | 14.76 billion | -8.3% |
| 2009 | 12.44 billion | -15.7% |
| 2010 | 12.70 billion | +2.1% |
| 2011 | 12.70 billion | -0.1% |
| 2012 | 13.41 billion | +5.6% |
| 2013 | 14.28 billion | +6.5% |
| 2014 | 14.39 billion | +0.7% |
| 2015 | 14.71 billion | +2.2% |
| 2016 | 15.22 billion | +3.5% |
| 2017 | 15.67 billion | +2.9% |
| 2018 | 16.14 billion | +3.0% |
| 2019 | 16.15 billion | +0.0% |
| 2020 | 15.45 billion | -4.3% |
| 2021 | 16.58 billion | +7.3% |
| 2022 | 17.77 billion | +7.2% |
| 2023 | 17.54 billion | -1.3% |
| 2024 | 17.94 billion | +2.3% |
| 2025 | 18.53 billion | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.65 billion | 7.02 billion | 8.15 billion | 5 |
| 2000s | 11.74 billion | 8.32 billion | 16.09 billion | 10 |
| 2010s | 14.54 billion | 12.70 billion | 16.15 billion | 10 |
| 2020s | 17.30 billion | 15.45 billion | 18.53 billion | 6 |
Countries ranked near Latvia
- 4 Chile 133.44 trillion compare
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- 5 Lithuania 30.05 billion compare
- 6 Slovenia 26.20 billion compare
- 6 OECD 39.35 trillion compare
- 7 Costa Rica 27.32 trillion compare
- 8 Hungary 24.42 trillion compare
- 8 Estonia 13.90 billion compare
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- 10 United States 16.09 trillion compare
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- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- 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 18.53 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 18.53 billion in 2025.
- What is the lowest economic outlook no 115 — private final consumption expenditure recorded in Latvia?
- The lowest recorded value was 7.02 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 26.0%. The long-run trend across the full record is rising.
- 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, volume. 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