GDP Deflator — Value Standard Local Currency, 2015 prices in Latvia
Latvia: GDP Deflator — Value Standard Local Currency, 2015 prices was 141.8 SLC in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices in Latvia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
The most recent figure for gdp deflator — value standard local currency, 2015 prices in Latvia is 141.8 SLC, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 2.6% on the previous year and up 42.3% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Latvia peaked at 141.8 SLC in 2024 and was at its lowest, 0.4647 SLC, in 1990.
That places Latvia 81st out of 194 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 in Latvia, year by year
| Year | SLC | Change |
|---|---|---|
| 1990 | 0.4647 SLC | — |
| 1991 | 1.19 SLC | +156.2% |
| 1992 | 12.81 SLC | +976.0% |
| 1993 | 21.98 SLC | +71.5% |
| 1994 | 30.4 SLC | +38.3% |
| 1995 | 37.66 SLC | +23.9% |
| 1996 | 42.55 SLC | +13.0% |
| 1997 | 45.01 SLC | +5.8% |
| 1998 | 47.11 SLC | +4.7% |
| 1999 | 47.74 SLC | +1.3% |
| 2000 | 49.54 SLC | +3.8% |
| 2001 | 50.84 SLC | +2.6% |
| 2002 | 52.49 SLC | +3.3% |
| 2003 | 54.41 SLC | +3.6% |
| 2004 | 58.18 SLC | +6.9% |
| 2005 | 64.25 SLC | +10.4% |
| 2006 | 70.82 SLC | +10.2% |
| 2007 | 84.67 SLC | +19.6% |
| 2008 | 95.15 SLC | +12.4% |
| 2009 | 89.69 SLC | -5.7% |
| 2010 | 89.26 SLC | -0.5% |
| 2011 | 93.46 SLC | +4.7% |
| 2012 | 96.15 SLC | +2.9% |
| 2013 | 97.98 SLC | +1.9% |
| 2014 | 99.61 SLC | +1.7% |
| 2015 | 100 SLC | +0.4% |
| 2016 | 100.61 SLC | +0.6% |
| 2017 | 103.33 SLC | +2.7% |
| 2018 | 107.2 SLC | +3.7% |
| 2019 | 111.83 SLC | +4.3% |
| 2020 | 114.5 SLC | +2.4% |
| 2021 | 118.28 SLC | +3.3% |
| 2022 | 129.91 SLC | +9.8% |
| 2023 | 138.24 SLC | +6.4% |
| 2024 | 141.8 SLC | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.69 SLC | 0.4647 SLC | 47.74 SLC | 10 |
| 2000s | 67 SLC | 49.54 SLC | 95.15 SLC | 10 |
| 2010s | 99.94 SLC | 89.26 SLC | 111.83 SLC | 10 |
| 2020s | 128.55 SLC | 114.5 SLC | 141.8 SLC | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- GNI (current LCU), annual growth rate 7.93 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.8773 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 23,085 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 8.34 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 8.43 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 12.94 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1306 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,437 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 8.19 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1156 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Latvia?
- Gdp deflator — value standard local currency, 2015 prices in Latvia was 141.8 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Latvia?
- The highest recorded value was 141.8 SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Latvia?
- The lowest recorded value was 0.4647 SLC in 1990.
- How does Latvia rank for gdp deflator — value standard local currency, 2015 prices?
- Latvia ranks 81st out of 194 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Latvia?
- Over the last ten years it is up 42.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).