Final consumption expenditure in Latvia
Latvia: Final consumption expenditure was 2.4% in 2025. ◆ Volatile
Final consumption expenditure in Latvia, 1996–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for final consumption expenditure in Latvia is 2.4%, measured in 2025.
Compared with earlier readings it is up 5,155.4% on the previous year and up 33.1% over ten years.
Over the whole period, final consumption expenditure in Latvia peaked at 17.0% in 2006 and was at its lowest, -16.8%, in 2009.
That places Latvia 109th out of 174 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.4% | 2.3% | 4.9% | 4 |
| 2000s | 4.1% | -16.8% | 17.0% | 10 |
| 2010s | 2.6% | 0.8% | 5.7% | 10 |
| 2020s | 1.7% | -2.6% | 6.8% | 6 |
Countries ranked near Latvia
- 106 East Timor 2.7% compare
- 107 Sierra Leone 2.5% compare
- 108 Democratic Republic of Congo 2.5% compare
- 110 Kuwait 2.4% compare
- 111 Bosnia and Herzegovina 2.4% compare
- 112 Mauritius 2.4% compare
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is final consumption expenditure in Latvia?
- Final consumption expenditure in Latvia was 2.4% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Latvia?
- The highest recorded value was 17.0% in 2006.
- What is the lowest final consumption expenditure recorded in Latvia?
- The lowest recorded value was -16.8% in 2009.
- How does Latvia rank for final consumption expenditure?
- Latvia ranks 109th out of 174 countries with data for 2025.
- Is final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 33.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.