GDP, PPP (constant 2021 international $), per unit of GDP in Latvia
Latvia: GDP, PPP (constant 2021 international $), per unit of GDP was 1.47 constant 2021 international $ per US$ of GDP in 2025. ▼ Falling
GDP, PPP (constant 2021 international $), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2021 international $ per US$ of GDP.
Analysis
The most recent figure for gdp, ppp (constant 2021 international $), per unit of gdp in Latvia is 1.47 constant 2021 international $ per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.
That represents a change of down 7.6% on the previous year and down 35.8% over ten years.
Over the whole period, gdp, ppp (constant 2021 international $), per unit of gdp in Latvia peaked at 4.74 constant 2021 international $ per US$ of GDP in 1995 and was at its lowest, 1.47 constant 2021 international $ per US$ of GDP, in 2025.
Latvia ranks 135th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
GDP, PPP (constant 2021 international $), per unit of GDP in Latvia, year by year
| Year | constant 2021 international $ per US$ of GDP | Change |
|---|---|---|
| 1995 | 4.74 constant 2021 international $ per US$ of GDP | — |
| 1996 | 4.69 constant 2021 international $ per US$ of GDP | -1.1% |
| 1997 | 4.68 constant 2021 international $ per US$ of GDP | -0.3% |
| 1998 | 4.54 constant 2021 international $ per US$ of GDP | -3.0% |
| 1999 | 4.45 constant 2021 international $ per US$ of GDP | -2.1% |
| 2000 | 4.44 constant 2021 international $ per US$ of GDP | -0.1% |
| 2001 | 4.48 constant 2021 international $ per US$ of GDP | +0.9% |
| 2002 | 4.27 constant 2021 international $ per US$ of GDP | -4.7% |
| 2003 | 3.81 constant 2021 international $ per US$ of GDP | -10.8% |
| 2004 | 3.37 constant 2021 international $ per US$ of GDP | -11.6% |
| 2005 | 3.19 constant 2021 international $ per US$ of GDP | -5.4% |
| 2006 | 2.87 constant 2021 international $ per US$ of GDP | -10.0% |
| 2007 | 2.2 constant 2021 international $ per US$ of GDP | -23.3% |
| 2008 | 1.83 constant 2021 international $ per US$ of GDP | -16.7% |
| 2009 | 2.04 constant 2021 international $ per US$ of GDP | +11.6% |
| 2010 | 2.16 constant 2021 international $ per US$ of GDP | +5.5% |
| 2011 | 1.96 constant 2021 international $ per US$ of GDP | -9.0% |
| 2012 | 2.06 constant 2021 international $ per US$ of GDP | +5.2% |
| 2013 | 1.96 constant 2021 international $ per US$ of GDP | -5.0% |
| 2014 | 1.93 constant 2021 international $ per US$ of GDP | -1.7% |
| 2015 | 2.3 constant 2021 international $ per US$ of GDP | +19.3% |
| 2016 | 2.29 constant 2021 international $ per US$ of GDP | -0.4% |
| 2017 | 2.18 constant 2021 international $ per US$ of GDP | -4.6% |
| 2018 | 2.01 constant 2021 international $ per US$ of GDP | -7.8% |
| 2019 | 2.04 constant 2021 international $ per US$ of GDP | +1.1% |
| 2020 | 1.95 constant 2021 international $ per US$ of GDP | -4.3% |
| 2021 | 1.82 constant 2021 international $ per US$ of GDP | -6.5% |
| 2022 | 1.87 constant 2021 international $ per US$ of GDP | +2.4% |
| 2023 | 1.64 constant 2021 international $ per US$ of GDP | -12.0% |
| 2024 | 1.6 constant 2021 international $ per US$ of GDP | -2.8% |
| 2025 | 1.47 constant 2021 international $ per US$ of GDP | -7.6% |
Latvia compared with similar countries
- Latvia's 1.47 constant 2021 international $ per US$ of GDP is above the median for high income countries, which is 1.24 constant 2021 international $ per US$ of GDP, 1.2× the median. (74 countries reporting)
- Latvia's 1.47 constant 2021 international $ per US$ of GDP is above the median for Europe & Central Asia, which is 1.43 constant 2021 international $ per US$ of GDP, 1.0× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.62 constant 2021 international $ per US$ of GDP | 4.45 constant 2021 international $ per US$ of GDP | 4.74 constant 2021 international $ per US$ of GDP | 5 |
| 2000s | 3.25 constant 2021 international $ per US$ of GDP | 1.83 constant 2021 international $ per US$ of GDP | 4.48 constant 2021 international $ per US$ of GDP | 10 |
| 2010s | 2.09 constant 2021 international $ per US$ of GDP | 1.93 constant 2021 international $ per US$ of GDP | 2.3 constant 2021 international $ per US$ of GDP | 10 |
| 2020s | 1.72 constant 2021 international $ per US$ of GDP | 1.47 constant 2021 international $ per US$ of GDP | 1.95 constant 2021 international $ per US$ of GDP | 6 |
Countries ranked near Latvia
- 132 Kuwait 1.49 constant 2021 international $ per US$ of GDP compare
- 133 Lithuania 1.48 constant 2021 international $ per US$ of GDP compare
- 134 Papua New Guinea 1.48 constant 2021 international $ per US$ of GDP compare
- 136 Slovakia 1.43 constant 2021 international $ per US$ of GDP compare
- 137 Costa Rica 1.42 constant 2021 international $ per US$ of GDP compare
- 138 Jamaica 1.42 constant 2021 international $ per US$ of GDP 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, ppp (constant 2021 international $), per unit of gdp in Latvia?
- Gdp, ppp (constant 2021 international $), per unit of gdp in Latvia was 1.47 constant 2021 international $ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gdp, ppp (constant 2021 international $), per unit of gdp recorded in Latvia?
- The highest recorded value was 4.74 constant 2021 international $ per US$ of GDP in 1995.
- What is the lowest gdp, ppp (constant 2021 international $), per unit of gdp recorded in Latvia?
- The lowest recorded value was 1.47 constant 2021 international $ per US$ of GDP in 2025.
- How does Latvia rank for gdp, ppp (constant 2021 international $), per unit of gdp?
- Latvia ranks 135th out of 200 countries with data for 2025.
- Is gdp, ppp (constant 2021 international $), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of GDP, PPP (constant 2021 international $), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP, PPP (constant 2021 international $) ÷ GDP (current US$)
Computed from
- GDP, PPP International Comparison Program (ICP), World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
GDP, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.