Economic Outlook No 117 — General government final consumption in Latvia
Latvia: Economic Outlook No 117 — General government final consumption was 10.09 billion in 2026. ◆ Volatile
Economic Outlook No 117 — General government final consumption in Latvia, 1995–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Latvia recorded 10.09 billion for economic outlook no 117 — general government final consumption in 2026. That is the highest value across all 32 years on record.
The figure is up 7.7% on the previous year and up 128.6% over ten years.
Over the whole period, economic outlook no 117 — general government final consumption in Latvia peaked at 10.09 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 117 — 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 | 8.63 billion | +8.2% |
| 2025 | 9.37 billion | +8.6% |
| 2026 | 10.09 billion | +7.7% |
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 | 8.13 billion | 6.13 billion | 10.09 billion | 7 |
Countries ranked near Latvia
- 3 Croatia 23.26 billion compare
- 3 Hungary 19.49 trillion compare
- 3 Netherlands 321.45 billion compare
- 4 United States of America 4.25 trillion compare
- 4 Lithuania 18.14 billion compare
- 5 Sweden 1.83 trillion compare
- 5 Slovenia 15.44 billion compare
- 6 Czechia 1.75 trillion compare
- 7 Iceland 1.29 trillion compare
- 7 Estonia 8.78 billion compare
- 8 Norway 1.29 trillion compare
- 9 Germany 1.03 trillion compare
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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 117 — general government final consumption in Latvia?
- Economic outlook no 117 — general government final consumption in Latvia was 10.09 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — general government final consumption recorded in Latvia?
- The highest recorded value was 10.09 billion in 2026.
- What is the lowest economic outlook no 117 — 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 117 — general government final consumption?
- Latvia ranks 6th out of 7 countries with data for 2026.
- Is economic outlook no 117 — general government final consumption rising or falling in Latvia?
- Over the last ten years it is up 128.6%. 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 117 — General government final consumption expenditure, nominal value, appropriation account. Statizoid updates them automatically from the source API.
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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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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