Gross national expenditure (constant 2015 US$), per unit of GDP (unit) in Latvia
Latvia: Gross national expenditure (constant 2015 US$), per unit of GDP (unit) was 0.7243 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Gross national expenditure (constant 2015 US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for gross national expenditure (constant 2015 us$), per unit of gdp in Latvia is 0.7243 constant 2015 US$ per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 3.5% on the previous year and down 28.4% over ten years.
Over the whole period, gross national expenditure (constant 2015 us$), per unit of gdp in Latvia peaked at 2.24 constant 2015 US$ per US$ of GDP in 1996 and was at its lowest, 0.7243 constant 2015 US$ per US$ of GDP, in 2025.
That places Latvia 124th out of 163 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Gross national expenditure (constant 2015 US$), per unit of GDP (unit) in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 2.19 constant 2015 US$ per US$ of GDP | — |
| 1996 | 2.24 constant 2015 US$ per US$ of GDP | +2.1% |
| 1997 | 2.16 constant 2015 US$ per US$ of GDP | -3.6% |
| 1998 | 2.17 constant 2015 US$ per US$ of GDP | +0.7% |
| 1999 | 2.12 constant 2015 US$ per US$ of GDP | -2.5% |
| 2000 | 2.03 constant 2015 US$ per US$ of GDP | -4.0% |
| 2001 | 2.1 constant 2015 US$ per US$ of GDP | +3.6% |
| 2002 | 1.98 constant 2015 US$ per US$ of GDP | -5.8% |
| 2003 | 1.81 constant 2015 US$ per US$ of GDP | -8.5% |
| 2004 | 1.66 constant 2015 US$ per US$ of GDP | -8.6% |
| 2005 | 1.55 constant 2015 US$ per US$ of GDP | -6.7% |
| 2006 | 1.48 constant 2015 US$ per US$ of GDP | -4.6% |
| 2007 | 1.16 constant 2015 US$ per US$ of GDP | -21.7% |
| 2008 | 0.9054 constant 2015 US$ per US$ of GDP | -21.7% |
| 2009 | 0.9122 constant 2015 US$ per US$ of GDP | +0.7% |
| 2010 | 0.9562 constant 2015 US$ per US$ of GDP | +4.8% |
| 2011 | 0.9223 constant 2015 US$ per US$ of GDP | -3.6% |
| 2012 | 0.9466 constant 2015 US$ per US$ of GDP | +2.6% |
| 2013 | 0.893 constant 2015 US$ per US$ of GDP | -5.7% |
| 2014 | 0.8596 constant 2015 US$ per US$ of GDP | -3.7% |
| 2015 | 1.01 constant 2015 US$ per US$ of GDP | +17.7% |
| 2016 | 1.01 constant 2015 US$ per US$ of GDP | -0.2% |
| 2017 | 0.9766 constant 2015 US$ per US$ of GDP | -3.3% |
| 2018 | 0.9132 constant 2015 US$ per US$ of GDP | -6.5% |
| 2019 | 0.9398 constant 2015 US$ per US$ of GDP | +2.9% |
| 2020 | 0.8926 constant 2015 US$ per US$ of GDP | -5.0% |
| 2021 | 0.8682 constant 2015 US$ per US$ of GDP | -2.7% |
| 2022 | 0.879 constant 2015 US$ per US$ of GDP | +1.2% |
| 2023 | 0.7838 constant 2015 US$ per US$ of GDP | -10.8% |
| 2024 | 0.7509 constant 2015 US$ per US$ of GDP | -4.2% |
| 2025 | 0.7243 constant 2015 US$ per US$ of GDP | -3.5% |
Latvia compared with similar countries
- Latvia's 0.7243 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.7302 constant 2015 US$ per US$ of GDP, 99% of the median. (58 countries reporting)
- Latvia's 0.7243 constant 2015 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.7163 constant 2015 US$ per US$ of GDP, 1.0× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.17 constant 2015 US$ per US$ of GDP | 2.12 constant 2015 US$ per US$ of GDP | 2.24 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 1.56 constant 2015 US$ per US$ of GDP | 0.9054 constant 2015 US$ per US$ of GDP | 2.1 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.9429 constant 2015 US$ per US$ of GDP | 0.8596 constant 2015 US$ per US$ of GDP | 1.01 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.8165 constant 2015 US$ per US$ of GDP | 0.7243 constant 2015 US$ per US$ of GDP | 0.8926 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 121 Portugal 0.7309 constant 2015 US$ per US$ of GDP compare
- 122 Belgium 0.7295 constant 2015 US$ per US$ of GDP compare
- 123 Costa Rica 0.7293 constant 2015 US$ per US$ of GDP compare
- 125 Germany 0.7166 constant 2015 US$ per US$ of GDP compare
- 126 Switzerland 0.7163 constant 2015 US$ per US$ of GDP compare
- 127 Croatia 0.7153 constant 2015 US$ per US$ of GDP 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 gross national expenditure (constant 2015 us$), per unit of gdp in Latvia?
- Gross national expenditure (constant 2015 us$), per unit of gdp in Latvia was 0.7243 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross national expenditure (constant 2015 us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 2.24 constant 2015 US$ per US$ of GDP in 1996.
- What is the lowest gross national expenditure (constant 2015 us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.7243 constant 2015 US$ per US$ of GDP in 2025.
- How does Latvia rank for gross national expenditure (constant 2015 us$), per unit of gdp?
- Latvia ranks 124th out of 163 countries with data for 2025.
- Is gross national expenditure (constant 2015 us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 28.4%. 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 Gross national expenditure (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross national expenditure (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross national expenditure (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross national expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross national expenditure (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.