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 89th 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 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% |
Latvia compared with similar countries
- Latvia's 141.8 SLC is above the median for high income countries, which is 126.04 SLC, 1.1× the median. (68 countries reporting)
- Latvia's 141.8 SLC is above the median for Europe & Central Asia, which is 134.77 SLC, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 1992 | +976.0% | 1.19 SLC | 12.81 SLC |
| 1991 | +156.2% | 0.4647 SLC | 1.19 SLC |
| 1993 | +71.5% | 12.81 SLC | 21.98 SLC |
| 1994 | +38.3% | 21.98 SLC | 30.4 SLC |
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
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (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 89th out of 209 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).