Final consumption expenditure (constant LCU), per unit of GDP in Latvia
Latvia: Final consumption expenditure (constant LCU), per unit of GDP was 0.5211 constant LCU per US$ of GDP in 2025. ▼ Falling
Final consumption expenditure (constant LCU), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for final consumption expenditure (constant lcu), per unit of gdp in Latvia is 0.5211 constant LCU per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 7.3% on the previous year and down 33.2% over ten years.
Over the whole period, final consumption expenditure (constant lcu), per unit of gdp in Latvia peaked at 1.93 constant LCU per US$ of GDP in 1995 and was at its lowest, 0.5211 constant LCU per US$ of GDP, in 2025.
Latvia ranks 155th of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Final consumption expenditure (constant LCU), per unit of GDP in Latvia, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.93 constant LCU per US$ of GDP | — |
| 1996 | 1.91 constant LCU per US$ of GDP | -1.1% |
| 1997 | 1.83 constant LCU per US$ of GDP | -4.2% |
| 1998 | 1.73 constant LCU per US$ of GDP | -5.6% |
| 1999 | 1.69 constant LCU per US$ of GDP | -2.3% |
| 2000 | 1.6 constant LCU per US$ of GDP | -4.8% |
| 2001 | 1.6 constant LCU per US$ of GDP | -0.4% |
| 2002 | 1.51 constant LCU per US$ of GDP | -5.8% |
| 2003 | 1.33 constant LCU per US$ of GDP | -11.9% |
| 2004 | 1.17 constant LCU per US$ of GDP | -11.8% |
| 2005 | 1.08 constant LCU per US$ of GDP | -7.5% |
| 2006 | 1.01 constant LCU per US$ of GDP | -6.6% |
| 2007 | 0.7728 constant LCU per US$ of GDP | -23.5% |
| 2008 | 0.6231 constant LCU per US$ of GDP | -19.4% |
| 2009 | 0.6888 constant LCU per US$ of GDP | +10.5% |
| 2010 | 0.7601 constant LCU per US$ of GDP | +10.4% |
| 2011 | 0.6772 constant LCU per US$ of GDP | -10.9% |
| 2012 | 0.6934 constant LCU per US$ of GDP | +2.4% |
| 2013 | 0.6815 constant LCU per US$ of GDP | -1.7% |
| 2014 | 0.6666 constant LCU per US$ of GDP | -2.2% |
| 2015 | 0.7801 constant LCU per US$ of GDP | +17.0% |
| 2016 | 0.785 constant LCU per US$ of GDP | +0.6% |
| 2017 | 0.7462 constant LCU per US$ of GDP | -4.9% |
| 2018 | 0.6809 constant LCU per US$ of GDP | -8.8% |
| 2019 | 0.6925 constant LCU per US$ of GDP | +1.7% |
| 2020 | 0.669 constant LCU per US$ of GDP | -3.4% |
| 2021 | 0.6249 constant LCU per US$ of GDP | -6.6% |
| 2022 | 0.6513 constant LCU per US$ of GDP | +4.2% |
| 2023 | 0.5784 constant LCU per US$ of GDP | -11.2% |
| 2024 | 0.562 constant LCU per US$ of GDP | -2.8% |
| 2025 | 0.5211 constant LCU per US$ of GDP | -7.3% |
Latvia compared with similar countries
- Latvia's 0.5211 constant LCU per US$ of GDP is below the median for high income countries, which is 0.6821 constant LCU per US$ of GDP, 76% of the median. (61 countries reporting)
- Latvia's 0.5211 constant LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.5982 constant LCU per US$ of GDP, 87% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.82 constant LCU per US$ of GDP | 1.69 constant LCU per US$ of GDP | 1.93 constant LCU per US$ of GDP | 5 |
| 2000s | 1.14 constant LCU per US$ of GDP | 0.6231 constant LCU per US$ of GDP | 1.6 constant LCU per US$ of GDP | 10 |
| 2010s | 0.7163 constant LCU per US$ of GDP | 0.6666 constant LCU per US$ of GDP | 0.785 constant LCU per US$ of GDP | 10 |
| 2020s | 0.6011 constant LCU per US$ of GDP | 0.5211 constant LCU per US$ of GDP | 0.669 constant LCU per US$ of GDP | 6 |
Countries ranked near Latvia
- 152 Belgium 0.5448 constant LCU per US$ of GDP compare
- 153 Croatia 0.5421 constant LCU per US$ of GDP compare
- 154 Austria 0.525 constant LCU per US$ of GDP compare
- 156 Slovakia 0.5159 constant LCU per US$ of GDP compare
- 157 United Kingdom 0.504 constant LCU per US$ of GDP compare
- 158 Slovenia 0.5015 constant LCU per US$ of GDP 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 (constant lcu), per unit of gdp in Latvia?
- Final consumption expenditure (constant lcu), per unit of gdp in Latvia was 0.5211 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 1.93 constant LCU per US$ of GDP in 1995.
- What is the lowest final consumption expenditure (constant lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.5211 constant LCU per US$ of GDP in 2025.
- How does Latvia rank for final consumption expenditure (constant lcu), per unit of gdp?
- Latvia ranks 155th out of 177 countries with data for 2025.
- Is final consumption expenditure (constant lcu), 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Final consumption expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.