GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Latvia
Latvia: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 2.58 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Latvia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp deflator — value standard local currency, 2015 prices, annual in Latvia is 2.58 % change on previous year, measured in 2024.
That represents a change of down 59.8% on the previous year and up 54.3% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Latvia peaked at 976.01 % change on previous year in 1992 and was at its lowest, -5.73 % change on previous year, in 2009.
That places Latvia 145th out of 209 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 156.22 % change on previous year | — |
| 1992 | 976.01 % change on previous year | +524.8% |
| 1993 | 71.53 % change on previous year | -92.7% |
| 1994 | 38.34 % change on previous year | -46.4% |
| 1995 | 23.88 % change on previous year | -37.7% |
| 1996 | 12.96 % change on previous year | -45.7% |
| 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 | 6.93 % 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 | -0.4839 % change on previous year | -91.6% |
| 2011 | 4.71 % change on previous year | -1073.0% |
| 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 | 0.608 % change on previous year | +57.2% |
| 2017 | 2.71 % change on previous year | +345.6% |
| 2018 | 3.74 % change on previous year | +38.0% |
| 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 | 9.84 % change on previous year | +198.3% |
| 2023 | 6.41 % change on previous year | -34.9% |
| 2024 | 2.58 % change on previous year | -59.8% |
Latvia compared with similar countries
- Latvia's 2.58 % change on previous year is below the median for high income countries, which is 2.83 % change on previous year, 91% of the median. (68 countries reporting)
- Latvia's 2.58 % change on previous year is below the median for Europe & Central Asia, which is 3.37 % change on previous year, 77% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual 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 |
|---|---|---|---|
| 2011 | +1073.0% | -0.4839 % change on previous year | 4.71 % change on previous year |
| 1992 | +524.8% | 156.22 % change on previous year | 976.01 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 143.41 % change on previous year | 1.33 % change on previous year | 976.01 % 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 | -0.4839 % change on previous year | 4.71 % change on previous year | 10 |
| 2020s | 4.9 % change on previous year | 2.39 % change on previous year | 9.84 % change on previous year | 5 |
Countries ranked near Latvia
- 142 Australia 2.63 % change on previous year compare
- 143 Nepal 2.61 % change on previous year compare
- 144 Paraguay 2.59 % change on previous year compare
- 146 Côte d'Ivoire 2.55 % change on previous year compare
- 147 Cayman Islands 2.53 % change on previous year compare
- 148 Bermuda 2.52 % change on previous year 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 gdp deflator — value standard local currency, 2015 prices, annual in Latvia?
- Gdp deflator — value standard local currency, 2015 prices, annual in Latvia was 2.58 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Latvia?
- The highest recorded value was 976.01 % change on previous year in 1992.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Latvia?
- The lowest recorded value was -5.73 % change on previous year in 2009.
- How does Latvia rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Latvia ranks 145th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Latvia?
- Over the last ten years it is up 54.3%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.