GNI, PPP (constant 2021 international $) in Latvia
Latvia: GNI, PPP was 68.82 billion constant 2021 international $ in 2024. ▲ Rising
GNI, PPP in Latvia, 1995–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
The most recent figure for gni, ppp in Latvia is 68.82 billion constant 2021 international $, measured in 2024. That is the highest value across all 30 years on record.
That represents a change of up 0.2% on the previous year and up 24.7% over ten years.
Over the whole period, gni, ppp in Latvia peaked at 68.82 billion constant 2021 international $ in 2024 and was at its lowest, 25.16 billion constant 2021 international $, in 1995.
Latvia ranks 95th of 159 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
GNI, PPP in Latvia, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1995 | 25.16 billion constant 2021 international $ | — |
| 1996 | 25.63 billion constant 2021 international $ | +1.8% |
| 1997 | 27.10 billion constant 2021 international $ | +5.7% |
| 1998 | 29.46 billion constant 2021 international $ | +8.7% |
| 1999 | 30.28 billion constant 2021 international $ | +2.8% |
| 2000 | 31.63 billion constant 2021 international $ | +4.4% |
| 2001 | 34.04 billion constant 2021 international $ | +7.6% |
| 2002 | 36.22 billion constant 2021 international $ | +6.4% |
| 2003 | 39.12 billion constant 2021 international $ | +8.0% |
| 2004 | 42.15 billion constant 2021 international $ | +7.8% |
| 2005 | 47.32 billion constant 2021 international $ | +12.3% |
| 2006 | 52.54 billion constant 2021 international $ | +11.0% |
| 2007 | 59.83 billion constant 2021 international $ | +13.9% |
| 2008 | 58.61 billion constant 2021 international $ | -2.0% |
| 2009 | 53.49 billion constant 2021 international $ | -8.7% |
| 2010 | 48.52 billion constant 2021 international $ | -9.3% |
| 2011 | 50.24 billion constant 2021 international $ | +3.6% |
| 2012 | 52.56 billion constant 2021 international $ | +4.6% |
| 2013 | 54.15 billion constant 2021 international $ | +3.0% |
| 2014 | 55.20 billion constant 2021 international $ | +1.9% |
| 2015 | 57.14 billion constant 2021 international $ | +3.5% |
| 2016 | 59.95 billion constant 2021 international $ | +4.9% |
| 2017 | 62.07 billion constant 2021 international $ | +3.5% |
| 2018 | 64.59 billion constant 2021 international $ | +4.1% |
| 2019 | 66.44 billion constant 2021 international $ | +2.9% |
| 2020 | 65.82 billion constant 2021 international $ | -0.9% |
| 2021 | 68.26 billion constant 2021 international $ | +3.7% |
| 2022 | 68.01 billion constant 2021 international $ | -0.4% |
| 2023 | 68.65 billion constant 2021 international $ | +0.9% |
| 2024 | 68.82 billion constant 2021 international $ | +0.2% |
Latvia compared with similar countries
- Latvia's 68.82 billion constant 2021 international $ is below the median for high income countries, which is 429.86 billion constant 2021 international $, 16% of the median. (57 countries reporting)
- Latvia's 68.82 billion constant 2021 international $ is below the median for Europe & Central Asia, which is 294.26 billion constant 2021 international $, 23% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.53 billion constant 2021 international $ | 25.16 billion constant 2021 international $ | 30.28 billion constant 2021 international $ | 5 |
| 2000s | 45.50 billion constant 2021 international $ | 31.63 billion constant 2021 international $ | 59.83 billion constant 2021 international $ | 10 |
| 2010s | 57.08 billion constant 2021 international $ | 48.52 billion constant 2021 international $ | 66.44 billion constant 2021 international $ | 10 |
| 2020s | 67.91 billion constant 2021 international $ | 65.82 billion constant 2021 international $ | 68.82 billion constant 2021 international $ | 5 |
Countries ranked near Latvia
- 92 Macao 78.54 billion constant 2021 international $ compare
- 93 Mali 72.84 billion constant 2021 international $ compare
- 94 El Salvador 71.67 billion constant 2021 international $ compare
- 96 Honduras 68.13 billion constant 2021 international $ compare
- 97 Bosnia and Herzegovina 66.37 billion constant 2021 international $ compare
- 98 Burkina Faso 66.36 billion constant 2021 international $ compare
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 gni, ppp in Latvia?
- Gni, ppp in Latvia was 68.82 billion constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gni, ppp recorded in Latvia?
- The highest recorded value was 68.82 billion constant 2021 international $ in 2024.
- What is the lowest gni, ppp recorded in Latvia?
- The lowest recorded value was 25.16 billion constant 2021 international $ in 1995.
- How does Latvia rank for gni, ppp?
- Latvia ranks 95th out of 159 countries with data for 2024.
- Is gni, ppp rising or falling in Latvia?
- Over the last ten years it is up 24.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GNI, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross national income (GNI) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.