Final consumption expenditure (constant 2015 US$), per unit of GDP in Latvia
Latvia: Final consumption expenditure (constant 2015 US$), per unit of GDP was 0.5146 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Final consumption expenditure (constant 2015 US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Latvia recorded 0.5146 constant 2015 US$ per US$ of GDP for final consumption expenditure (constant 2015 us$), per unit of gdp in 2025. That is the lowest value across all 31 years on record.
That represents a change of down 7.3% on the previous year and down 33.2% over ten years.
Over the whole period, final consumption expenditure (constant 2015 us$), per unit of gdp in Latvia peaked at 1.9 constant 2015 US$ per US$ of GDP in 1995 and was at its lowest, 0.5146 constant 2015 US$ per US$ of GDP, in 2025.
That places Latvia 136th out of 172 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Final consumption expenditure (constant 2015 US$), per unit of GDP in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.9 constant 2015 US$ per US$ of GDP | — |
| 1996 | 1.88 constant 2015 US$ per US$ of GDP | -1.1% |
| 1997 | 1.81 constant 2015 US$ per US$ of GDP | -4.2% |
| 1998 | 1.7 constant 2015 US$ per US$ of GDP | -5.6% |
| 1999 | 1.67 constant 2015 US$ per US$ of GDP | -2.3% |
| 2000 | 1.58 constant 2015 US$ per US$ of GDP | -4.8% |
| 2001 | 1.58 constant 2015 US$ per US$ of GDP | -0.4% |
| 2002 | 1.49 constant 2015 US$ per US$ of GDP | -5.8% |
| 2003 | 1.31 constant 2015 US$ per US$ of GDP | -11.9% |
| 2004 | 1.15 constant 2015 US$ per US$ of GDP | -11.8% |
| 2005 | 1.07 constant 2015 US$ per US$ of GDP | -7.5% |
| 2006 | 0.9974 constant 2015 US$ per US$ of GDP | -6.6% |
| 2007 | 0.7632 constant 2015 US$ per US$ of GDP | -23.5% |
| 2008 | 0.6153 constant 2015 US$ per US$ of GDP | -19.4% |
| 2009 | 0.6802 constant 2015 US$ per US$ of GDP | +10.5% |
| 2010 | 0.7506 constant 2015 US$ per US$ of GDP | +10.4% |
| 2011 | 0.6688 constant 2015 US$ per US$ of GDP | -10.9% |
| 2012 | 0.6848 constant 2015 US$ per US$ of GDP | +2.4% |
| 2013 | 0.673 constant 2015 US$ per US$ of GDP | -1.7% |
| 2014 | 0.6583 constant 2015 US$ per US$ of GDP | -2.2% |
| 2015 | 0.7704 constant 2015 US$ per US$ of GDP | +17.0% |
| 2016 | 0.7752 constant 2015 US$ per US$ of GDP | +0.6% |
| 2017 | 0.7369 constant 2015 US$ per US$ of GDP | -4.9% |
| 2018 | 0.6724 constant 2015 US$ per US$ of GDP | -8.8% |
| 2019 | 0.6838 constant 2015 US$ per US$ of GDP | +1.7% |
| 2020 | 0.6606 constant 2015 US$ per US$ of GDP | -3.4% |
| 2021 | 0.6171 constant 2015 US$ per US$ of GDP | -6.6% |
| 2022 | 0.6432 constant 2015 US$ per US$ of GDP | +4.2% |
| 2023 | 0.5712 constant 2015 US$ per US$ of GDP | -11.2% |
| 2024 | 0.555 constant 2015 US$ per US$ of GDP | -2.8% |
| 2025 | 0.5146 constant 2015 US$ per US$ of GDP | -7.3% |
Latvia compared with similar countries
- Latvia's 0.5146 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.5552 constant 2015 US$ per US$ of GDP, 93% of the median. (61 countries reporting)
- Latvia's 0.5146 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.5552 constant 2015 US$ per US$ of GDP, 93% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.79 constant 2015 US$ per US$ of GDP | 1.67 constant 2015 US$ per US$ of GDP | 1.9 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 1.12 constant 2015 US$ per US$ of GDP | 0.6153 constant 2015 US$ per US$ of GDP | 1.58 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.7074 constant 2015 US$ per US$ of GDP | 0.6583 constant 2015 US$ per US$ of GDP | 0.7752 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.5936 constant 2015 US$ per US$ of GDP | 0.5146 constant 2015 US$ per US$ of GDP | 0.6606 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 133 Haiti 0.5204 constant 2015 US$ per US$ of GDP compare
- 134 Slovenia 0.5159 constant 2015 US$ per US$ of GDP compare
- 135 Slovakia 0.5154 constant 2015 US$ per US$ of GDP compare
- 137 Brunei 0.5127 constant 2015 US$ per US$ of GDP compare
- 138 Saudi Arabia 0.5126 constant 2015 US$ per US$ of GDP compare
- 139 Poland 0.5035 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure (constant 2015 us$), per unit of gdp in Latvia?
- Final consumption expenditure (constant 2015 us$), per unit of gdp in Latvia was 0.5146 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant 2015 us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 1.9 constant 2015 US$ per US$ of GDP in 1995.
- What is the lowest final consumption expenditure (constant 2015 us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.5146 constant 2015 US$ per US$ of GDP in 2025.
- How does Latvia rank for final consumption expenditure (constant 2015 us$), per unit of gdp?
- Latvia ranks 136th out of 172 countries with data for 2025.
- Is final consumption expenditure (constant 2015 us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 33.2%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Final consumption expenditure (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Final consumption expenditure (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.