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 111th out of 176 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.
Final consumption expenditure in Latvia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 2.3% | — |
| 1997 | 4.9% | +111.9% |
| 1998 | 3.7% | -23.8% |
| 1999 | 2.6% | -30.6% |
| 2000 | 0.9% | -67.0% |
| 2001 | 5.2% | +505.4% |
| 2002 | 6.3% | +22.8% |
| 2003 | 7.1% | +11.3% |
| 2004 | 8.4% | +19.3% |
| 2005 | 9.1% | +7.9% |
| 2006 | 17.0% | +87.3% |
| 2007 | 10.2% | -40.3% |
| 2008 | -6.5% | -163.5% |
| 2009 | -16.8% | +160.2% |
| 2010 | 0.8% | -104.8% |
| 2011 | 0.9% | +10.7% |
| 2012 | 4.5% | +403.5% |
| 2013 | 5.7% | +26.5% |
| 2014 | 1.6% | -71.9% |
| 2015 | 1.8% | +15.4% |
| 2016 | 3.6% | +95.1% |
| 2017 | 3.0% | -15.3% |
| 2018 | 3.2% | +6.3% |
| 2019 | 1.2% | -61.3% |
| 2020 | -2.6% | -306.3% |
| 2021 | 6.8% | -366.0% |
| 2022 | 3.7% | -45.4% |
| 2023 | -0.0% | -100.9% |
| 2024 | -0.0% | +39.1% |
| 2025 | 2.4% | -5155.4% |
Latvia compared with similar countries
- Latvia's 2.4% is above the median for high income countries, which is 2.0%, 1.2× the median. (61 countries reporting)
- Latvia's 2.4% is below the median for Europe & Central Asia, which is 2.7%, 90% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2025 | +5155.4% | -0.0% | 2.4% |
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
- 108 East Timor 2.7% compare
- 109 Sierra Leone 2.5% compare
- 110 Democratic Republic of Congo 2.5% compare
- 112 Kuwait 2.4% compare
- 113 Bosnia and Herzegovina 2.4% compare
- 114 Mauritius 2.4% compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (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 111th out of 176 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.