GDP deflator (base year varies by country), annual growth rate in Latvia
Latvia: GDP deflator (base year varies by country), annual growth rate was 3.62 % change on previous year in 2025. ◆ Volatile
GDP deflator (base year varies by country), annual growth rate in Latvia, 1991–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp deflator (base year varies by country), annual growth rate in Latvia is 3.62 % change on previous year, measured in 2025.
That represents a change of up 29.9% on the previous year and up 836.6% over ten years.
Over the whole period, gdp deflator (base year varies by country), annual growth rate in Latvia peaked at 932.49 % change on previous year in 1992 and was at its lowest, -5.73 % change on previous year, in 2009.
Latvia ranks 93rd of 212 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP deflator (base year varies by country), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 162.59 % change on previous year | — |
| 1992 | 932.49 % change on previous year | +473.5% |
| 1993 | 53.69 % change on previous year | -94.2% |
| 1994 | 36.25 % change on previous year | -32.5% |
| 1995 | 29.32 % change on previous year | -19.1% |
| 1996 | 12.96 % change on previous year | -55.8% |
| 1997 | 5.79 % change on previous year | -55.3% |
| 1998 | 4.67 % change on previous year | -19.3% |
| 1999 | 1.33 % change on previous year | -71.6% |
| 2000 | 3.77 % change on previous year | +184.8% |
| 2001 | 2.62 % change on previous year | -30.5% |
| 2002 | 3.26 % change on previous year | +24.2% |
| 2003 | 3.65 % change on previous year | +11.9% |
| 2004 | 6.92 % change on previous year | +90.0% |
| 2005 | 10.45 % change on previous year | +50.8% |
| 2006 | 10.23 % change on previous year | -2.1% |
| 2007 | 19.55 % change on previous year | +91.2% |
| 2008 | 12.37 % change on previous year | -36.7% |
| 2009 | -5.73 % change on previous year | -146.3% |
| 2010 | -0.4838 % change on previous year | -91.6% |
| 2011 | 4.71 % change on previous year | -1073.1% |
| 2012 | 2.88 % change on previous year | -38.9% |
| 2013 | 1.9 % change on previous year | -34.0% |
| 2014 | 1.67 % change on previous year | -12.1% |
| 2015 | 0.3869 % change on previous year | -76.8% |
| 2016 | 0.6079 % change on previous year | +57.1% |
| 2017 | 2.71 % change on previous year | +345.7% |
| 2018 | 3.74 % change on previous year | +38.1% |
| 2019 | 4.32 % change on previous year | +15.4% |
| 2020 | 2.39 % change on previous year | -44.6% |
| 2021 | 3.3 % change on previous year | +37.8% |
| 2022 | 9.69 % change on previous year | +194.0% |
| 2023 | 10.67 % change on previous year | +10.1% |
| 2024 | 2.79 % change on previous year | -73.9% |
| 2025 | 3.62 % change on previous year | +29.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 137.68 % change on previous year | 1.33 % change on previous year | 932.49 % change on previous year | 9 |
| 2000s | 6.71 % change on previous year | -5.73 % change on previous year | 19.55 % change on previous year | 10 |
| 2010s | 2.24 % change on previous year | -0.4838 % change on previous year | 4.71 % change on previous year | 10 |
| 2020s | 5.41 % change on previous year | 2.39 % change on previous year | 10.67 % change on previous year | 6 |
Countries ranked near Latvia
- 90 Sri Lanka 3.69 % change on previous year compare
- 91 Lithuania 3.63 % change on previous year compare
- 92 Botswana 3.63 % change on previous year compare
- 94 New Zealand 3.62 % change on previous year compare
- 95 Armenia 3.57 % change on previous year compare
- 96 Czechia 3.51 % change on previous year compare
More economy & growth data for Latvia
- Gross capital formation (current US$), annual growth rate 23.84 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2406 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 6,330 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 18.62 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2129 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,601 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator (base year varies by country), annual growth rate in Latvia?
- Gdp deflator (base year varies by country), annual growth rate in Latvia was 3.62 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Latvia?
- The highest recorded value was 932.49 % change on previous year in 1992.
- What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Latvia?
- The lowest recorded value was -5.73 % change on previous year in 2009.
- How does Latvia rank for gdp deflator (base year varies by country), annual growth rate?
- Latvia ranks 93rd out of 212 countries with data for 2025.
- Is gdp deflator (base year varies by country), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 836.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GDP deflator (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator 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
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.