Final consumption expenditure in Latvia
Latvia: Final consumption expenditure was 25.33 billion constant LCU in 2025. ▲ Rising
Final consumption expenditure in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Latvia recorded 25.33 billion constant LCU for final consumption expenditure in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 2.4% on the previous year and up 23.3% over ten years.
Over the whole period, final consumption expenditure in Latvia peaked at 25.33 billion constant LCU in 2025 and was at its lowest, 10.82 billion constant LCU, in 1995.
Latvia ranks 146th of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Final consumption expenditure in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 10.82 billion constant LCU | — |
| 1996 | 11.07 billion constant LCU | +2.3% |
| 1997 | 11.61 billion constant LCU | +4.9% |
| 1998 | 12.04 billion constant LCU | +3.7% |
| 1999 | 12.35 billion constant LCU | +2.6% |
| 2000 | 12.46 billion constant LCU | +0.9% |
| 2001 | 13.10 billion constant LCU | +5.2% |
| 2002 | 13.93 billion constant LCU | +6.3% |
| 2003 | 14.91 billion constant LCU | +7.1% |
| 2004 | 16.17 billion constant LCU | +8.4% |
| 2005 | 17.64 billion constant LCU | +9.1% |
| 2006 | 20.64 billion constant LCU | +17.0% |
| 2007 | 22.74 billion constant LCU | +10.2% |
| 2008 | 21.27 billion constant LCU | -6.5% |
| 2009 | 17.70 billion constant LCU | -16.8% |
| 2010 | 17.84 billion constant LCU | +0.8% |
| 2011 | 18.00 billion constant LCU | +0.9% |
| 2012 | 18.80 billion constant LCU | +4.5% |
| 2013 | 19.87 billion constant LCU | +5.7% |
| 2014 | 20.18 billion constant LCU | +1.6% |
| 2015 | 20.55 billion constant LCU | +1.8% |
| 2016 | 21.29 billion constant LCU | +3.6% |
| 2017 | 21.93 billion constant LCU | +3.0% |
| 2018 | 22.64 billion constant LCU | +3.2% |
| 2019 | 22.92 billion constant LCU | +1.2% |
| 2020 | 22.33 billion constant LCU | -2.6% |
| 2021 | 23.86 billion constant LCU | +6.8% |
| 2022 | 24.75 billion constant LCU | +3.7% |
| 2023 | 24.74 billion constant LCU | -0.0% |
| 2024 | 24.73 billion constant LCU | -0.0% |
| 2025 | 25.33 billion constant LCU | +2.4% |
Latvia compared with similar countries
- Latvia's 25.33 billion constant LCU is below the median for high income countries, which is 277.24 billion constant LCU, 9% of the median. (61 countries reporting)
- Latvia's 25.33 billion constant LCU is below the median for Europe & Central Asia, which is 433.16 billion constant LCU, 6% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.58 billion constant LCU | 10.82 billion constant LCU | 12.35 billion constant LCU | 5 |
| 2000s | 17.06 billion constant LCU | 12.46 billion constant LCU | 22.74 billion constant LCU | 10 |
| 2010s | 20.40 billion constant LCU | 17.84 billion constant LCU | 22.92 billion constant LCU | 10 |
| 2020s | 24.29 billion constant LCU | 22.33 billion constant LCU | 25.33 billion constant LCU | 6 |
Countries ranked near Latvia
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 25.33 billion constant LCU 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 25.33 billion constant LCU in 2025.
- What is the lowest final consumption expenditure recorded in Latvia?
- The lowest recorded value was 10.82 billion constant LCU in 1995.
- How does Latvia rank for final consumption expenditure?
- Latvia ranks 146th out of 177 countries with data for 2025.
- Is final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 23.3%. The long-run trend across the full record is rising.
- 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 (constant LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.