Economic Outlook No 116 — General government final consumption in Latvia
Latvia: Economic Outlook No 116 — General government final consumption was 9.31 billion in 2026. ◆ Volatile
Economic Outlook No 116 — General government final consumption in Latvia, 1995–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
The most recent figure for economic outlook no 116 — general government final consumption in Latvia is 9.31 billion, measured in 2026. That is the highest value across all 32 years on record.
The figure is up 4.9% on the previous year and up 110.9% over ten years.
Over the whole period, economic outlook no 116 — general government final consumption in Latvia peaked at 9.31 billion in 2026 and was at its lowest, 881.80 million, in 1995.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 116 — General government final consumption in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 881.80 million | — |
| 1996 | 958.22 million | +8.7% |
| 1997 | 1.06 billion | +10.4% |
| 1998 | 1.28 billion | +20.9% |
| 1999 | 1.33 billion | +3.6% |
| 2000 | 1.35 billion | +1.9% |
| 2001 | 1.46 billion | +8.3% |
| 2002 | 1.67 billion | +13.9% |
| 2003 | 1.90 billion | +14.3% |
| 2004 | 2.05 billion | +7.8% |
| 2005 | 2.28 billion | +11.3% |
| 2006 | 2.75 billion | +20.5% |
| 2007 | 3.76 billion | +36.6% |
| 2008 | 4.64 billion | +23.3% |
| 2009 | 3.61 billion | -22.1% |
| 2010 | 3.29 billion | -9.0% |
| 2011 | 3.53 billion | +7.5% |
| 2012 | 3.63 billion | +2.6% |
| 2013 | 3.92 billion | +8.0% |
| 2014 | 4.12 billion | +5.3% |
| 2015 | 4.32 billion | +4.7% |
| 2016 | 4.42 billion | +2.3% |
| 2017 | 4.76 billion | +7.7% |
| 2018 | 5.12 billion | +7.7% |
| 2019 | 5.76 billion | +12.4% |
| 2020 | 6.13 billion | +6.4% |
| 2021 | 7.04 billion | +14.8% |
| 2022 | 7.64 billion | +8.6% |
| 2023 | 7.98 billion | +4.4% |
| 2024 | 8.48 billion | +6.3% |
| 2025 | 8.88 billion | +4.7% |
| 2026 | 9.31 billion | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.10 billion | 881.80 million | 1.33 billion | 5 |
| 2000s | 2.55 billion | 1.35 billion | 4.64 billion | 10 |
| 2010s | 4.29 billion | 3.29 billion | 5.76 billion | 10 |
| 2020s | 7.92 billion | 6.13 billion | 9.31 billion | 7 |
Countries ranked near Latvia
- 3 Netherlands 308.16 billion compare
- 3 Croatia 20.90 billion compare
- 3 Hungary 17.76 trillion compare
- 4 Lithuania 15.83 billion compare
- 4 United States of America 4.19 trillion compare
- 5 Slovenia 15.02 billion compare
- 5 Sweden 1.78 trillion compare
- 6 Czechia 1.72 trillion compare
- 7 Estonia 8.83 billion compare
- 7 Norway 1.28 trillion compare
- 8 Iceland 1.26 trillion compare
- 9 Germany 997.23 billion compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- 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)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 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 116 — general government final consumption in Latvia?
- Economic outlook no 116 — general government final consumption in Latvia was 9.31 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 116 — general government final consumption recorded in Latvia?
- The highest recorded value was 9.31 billion in 2026.
- What is the lowest economic outlook no 116 — general government final consumption recorded in Latvia?
- The lowest recorded value was 881.80 million in 1995.
- How does Latvia rank for economic outlook no 116 — general government final consumption?
- Latvia ranks 6th out of 7 countries with data for 2026.
- Is economic outlook no 116 — general government final consumption rising or falling in Latvia?
- Over the last ten years it is up 110.9%. 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 116 — General government final consumption expenditure, nominal value, appropriation account. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
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 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org