Economic Outlook No 117 — Private final consumption expenditure in Latvia
Latvia: Economic Outlook No 117 — Private final consumption expenditure was 26.02 billion in 2026. ◆ Volatile
Economic Outlook No 117 — Private final consumption expenditure in Latvia, 1995–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
Latvia recorded 26.02 billion for economic outlook no 117 — private final consumption expenditure in 2026. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 4.0% on the previous year and up 77.9% over ten years.
Over the whole period, economic outlook no 117 — private final consumption expenditure in Latvia peaked at 26.02 billion in 2026 and was at its lowest, 2.61 billion, in 1995.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Private final consumption expenditure in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 2.61 billion | — |
| 1996 | 3.13 billion | +19.8% |
| 1997 | 3.55 billion | +13.4% |
| 1998 | 3.77 billion | +6.2% |
| 1999 | 4.02 billion | +6.5% |
| 2000 | 4.22 billion | +5.1% |
| 2001 | 4.56 billion | +8.0% |
| 2002 | 4.99 billion | +9.5% |
| 2003 | 5.60 billion | +12.2% |
| 2004 | 6.62 billion | +18.2% |
| 2005 | 8.00 billion | +20.9% |
| 2006 | 10.28 billion | +28.4% |
| 2007 | 12.68 billion | +23.4% |
| 2008 | 13.19 billion | +4.0% |
| 2009 | 10.96 billion | -16.9% |
| 2010 | 11.10 billion | +1.3% |
| 2011 | 11.64 billion | +4.8% |
| 2012 | 12.60 billion | +8.3% |
| 2013 | 13.48 billion | +6.9% |
| 2014 | 13.71 billion | +1.7% |
| 2015 | 13.98 billion | +2.0% |
| 2016 | 14.62 billion | +4.6% |
| 2017 | 15.46 billion | +5.7% |
| 2018 | 16.45 billion | +6.4% |
| 2019 | 16.97 billion | +3.2% |
| 2020 | 16.20 billion | -4.5% |
| 2021 | 17.97 billion | +10.9% |
| 2022 | 21.48 billion | +19.6% |
| 2023 | 23.18 billion | +7.9% |
| 2024 | 24.06 billion | +3.8% |
| 2025 | 25.02 billion | +4.0% |
| 2026 | 26.02 billion | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.42 billion | 2.61 billion | 4.02 billion | 5 |
| 2000s | 8.11 billion | 4.22 billion | 13.19 billion | 10 |
| 2010s | 14.00 billion | 11.10 billion | 16.97 billion | 10 |
| 2020s | 21.99 billion | 16.20 billion | 26.02 billion | 7 |
Countries ranked near Latvia
- 3 United States 21.76 trillion compare
- 3 Croatia 54.76 billion compare
- 3 Netherlands 531.61 billion compare
- 4 Czechia 4.19 trillion compare
- 4 Lithuania 50.49 billion compare
- 5 Sweden 3.09 trillion compare
- 5 Slovenia 37.63 billion compare
- 6 Germany 2.42 trillion compare
- 7 Norway 2.25 trillion compare
- 7 Estonia 23.02 billion compare
- 8 United Kingdom of Great Britain and Northern Ireland 1.90 trillion compare
- 9 Canada 1.77 trillion compare
More economy & growth data for Latvia
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- 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 117 — private final consumption expenditure in Latvia?
- Economic outlook no 117 — private final consumption expenditure in Latvia was 26.02 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — private final consumption expenditure recorded in Latvia?
- The highest recorded value was 26.02 billion in 2026.
- What is the lowest economic outlook no 117 — private final consumption expenditure recorded in Latvia?
- The lowest recorded value was 2.61 billion in 1995.
- How does Latvia rank for economic outlook no 117 — private final consumption expenditure?
- Latvia ranks 6th out of 7 countries with data for 2026.
- Is economic outlook no 117 — private final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 77.9%. 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 117 — Private 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