GDP Deflator — Value US$, 2015 prices, annual growth rate in Latvia
Latvia: GDP Deflator — Value US$, 2015 prices, annual growth rate was 2.68 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value US$, 2015 prices, annual growth rate in Latvia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value us$, 2015 prices, annual growth rate in Latvia stood at 2.68 % change on previous year.
Compared with earlier readings it is down 71.0% on the previous year and up 54.0% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices, annual growth rate in Latvia peaked at 30.4 % change on previous year in 2007 and was at its lowest, -16.16 % change on previous year, in 2015.
That places Latvia 114th out of 222 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value US$, 2015 prices, annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 3.38 % change on previous year | — |
| 1992 | 2.28 % change on previous year | -32.6% |
| 1993 | 2.37 % change on previous year | +4.0% |
| 1994 | 2.14 % change on previous year | -9.9% |
| 1995 | 2.1 % change on previous year | -1.8% |
| 1996 | 8.21 % change on previous year | +291.7% |
| 1997 | 0.2959 % change on previous year | -96.4% |
| 1998 | 3.09 % change on previous year | +943.2% |
| 1999 | 2.13 % change on previous year | -30.9% |
| 2000 | 0.1246 % change on previous year | -94.2% |
| 2001 | -0.8769 % change on previous year | -803.6% |
| 2002 | 4.88 % change on previous year | -656.9% |
| 2003 | 12.12 % change on previous year | +148.2% |
| 2004 | 13.11 % change on previous year | +8.2% |
| 2005 | 5.66 % change on previous year | -56.8% |
| 2006 | 11.07 % change on previous year | +95.8% |
| 2007 | 30.4 % change on previous year | +174.5% |
| 2008 | 20.08 % change on previous year | -33.9% |
| 2009 | -10.34 % change on previous year | -151.5% |
| 2010 | -5.16 % change on previous year | -50.1% |
| 2011 | 10.82 % change on previous year | -309.6% |
| 2012 | -5.71 % change on previous year | -152.8% |
| 2013 | 5.27 % change on previous year | -192.3% |
| 2014 | 1.74 % change on previous year | -66.9% |
| 2015 | -16.16 % change on previous year | -1027.8% |
| 2016 | 0.371 % change on previous year | -102.3% |
| 2017 | 4.82 % change on previous year | +1200.0% |
| 2018 | 8.45 % change on previous year | +75.2% |
| 2019 | -1.11 % change on previous year | -113.2% |
| 2020 | 4.47 % change on previous year | -501.4% |
| 2021 | 6.96 % change on previous year | +55.8% |
| 2022 | -2.21 % change on previous year | -131.7% |
| 2023 | 9.26 % change on previous year | -519.3% |
| 2024 | 2.68 % change on previous year | -71.0% |
Latvia compared with similar countries
- Latvia's 2.68 % change on previous year is above the median for high income countries, which is 2.61 % change on previous year, 1.0× the median. (68 countries reporting)
- Latvia's 2.68 % change on previous year is below the median for Europe & Central Asia, which is 3.25 % change on previous year, 82% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value US$, 2015 prices, annual growth rate in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +1200.0% | 0.371 % change on previous year | 4.82 % change on previous year |
| 2015 | -1027.8% | 1.74 % change on previous year | -16.16 % change on previous year |
| 1998 | +943.2% | 0.2959 % change on previous year | 3.09 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.89 % change on previous year | 0.2959 % change on previous year | 8.21 % change on previous year | 9 |
| 2000s | 8.62 % change on previous year | -10.34 % change on previous year | 30.4 % change on previous year | 10 |
| 2010s | 0.3325 % change on previous year | -16.16 % change on previous year | 10.82 % change on previous year | 10 |
| 2020s | 4.23 % change on previous year | -2.21 % change on previous year | 9.26 % change on previous year | 5 |
Countries ranked near Latvia
- 111 Mali 2.84 % change on previous year compare
- 112 Togo 2.78 % change on previous year compare
- 113 Barbados 2.71 % change on previous year compare
- 115 Côte d'Ivoire 2.59 % change on previous year compare
- 116 Equatorial Guinea 2.54 % change on previous year compare
- 117 Cayman Islands 2.53 % change on previous year compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ 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)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices, annual growth rate in Latvia?
- Gdp deflator — value us$, 2015 prices, annual growth rate in Latvia was 2.68 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value us$, 2015 prices, annual growth rate recorded in Latvia?
- The highest recorded value was 30.4 % change on previous year in 2007.
- What is the lowest gdp deflator — value us$, 2015 prices, annual growth rate recorded in Latvia?
- The lowest recorded value was -16.16 % change on previous year in 2015.
- How does Latvia rank for gdp deflator — value us$, 2015 prices, annual growth rate?
- Latvia ranks 114th out of 222 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices, annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 54.0%. 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 US$, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.