GDP Deflator — Value US$, 2015 prices in Latvia
Latvia: GDP Deflator — Value US$, 2015 prices was 138.33 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Latvia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
Latvia recorded 138.33 USD for gdp deflator — value us$, 2015 prices in 2024. That is the highest value across all 35 years on record.
The figure is up 2.7% on the previous year and up 16.0% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Latvia peaked at 138.33 USD in 2024 and was at its lowest, 40.06 USD, in 1990.
That places Latvia 34th out of 222 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
GDP Deflator — Value US$, 2015 prices in Latvia, year by year
| Year | USD | Change |
|---|---|---|
| 1990 | 40.06 USD | — |
| 1991 | 41.42 USD | +3.4% |
| 1992 | 42.36 USD | +2.3% |
| 1993 | 43.37 USD | +2.4% |
| 1994 | 44.29 USD | +2.1% |
| 1995 | 45.22 USD | +2.1% |
| 1996 | 48.93 USD | +8.2% |
| 1997 | 49.08 USD | +0.3% |
| 1998 | 50.59 USD | +3.1% |
| 1999 | 51.67 USD | +2.1% |
| 2000 | 51.74 USD | +0.1% |
| 2001 | 51.28 USD | -0.9% |
| 2002 | 53.79 USD | +4.9% |
| 2003 | 60.31 USD | +12.1% |
| 2004 | 68.21 USD | +13.1% |
| 2005 | 72.07 USD | +5.7% |
| 2006 | 80.05 USD | +11.1% |
| 2007 | 104.39 USD | +30.4% |
| 2008 | 125.35 USD | +20.1% |
| 2009 | 112.38 USD | -10.3% |
| 2010 | 106.58 USD | -5.2% |
| 2011 | 118.11 USD | +10.8% |
| 2012 | 111.37 USD | -5.7% |
| 2013 | 117.23 USD | +5.3% |
| 2014 | 119.28 USD | +1.7% |
| 2015 | 100 USD | -16.2% |
| 2016 | 100.37 USD | +0.4% |
| 2017 | 105.21 USD | +4.8% |
| 2018 | 114.1 USD | +8.4% |
| 2019 | 112.83 USD | -1.1% |
| 2020 | 117.88 USD | +4.5% |
| 2021 | 126.08 USD | +7.0% |
| 2022 | 123.3 USD | -2.2% |
| 2023 | 134.72 USD | +9.3% |
| 2024 | 138.33 USD | +2.7% |
Latvia compared with similar countries
- Latvia's 138.33 USD is above the median for high income countries, which is 121.8 USD, 1.1× the median. (68 countries reporting)
- Latvia's 138.33 USD is above the median for Europe & Central Asia, which is 125.65 USD, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 45.7 USD | 40.06 USD | 51.67 USD | 10 |
| 2000s | 77.96 USD | 51.28 USD | 125.35 USD | 10 |
| 2010s | 110.51 USD | 100 USD | 119.28 USD | 10 |
| 2020s | 128.06 USD | 117.88 USD | 138.33 USD | 5 |
Countries ranked near Latvia
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$, 2015 prices in Latvia?
- Gdp deflator — value us$, 2015 prices in Latvia was 138.33 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Latvia?
- The highest recorded value was 138.33 USD in 2024.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Latvia?
- The lowest recorded value was 40.06 USD in 1990.
- How does Latvia rank for gdp deflator — value us$, 2015 prices?
- Latvia ranks 34th out of 222 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Latvia?
- Over the last ten years it is up 16.0%. The long-run trend across the full record is rising.
- 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).