Gross national expenditure (constant 2015 US$) in Latvia
Latvia: Gross national expenditure (constant 2015 US$) was 35.22 billion constant 2015 US$ in 2025. ▲ Rising
Gross national expenditure in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Latvia recorded 35.22 billion constant 2015 US$ for gross national expenditure in 2025. That is the highest value across all 31 years on record.
That represents a change of up 6.6% on the previous year and up 32.1% over ten years.
Over the whole period, gross national expenditure in Latvia peaked at 35.22 billion constant 2015 US$ in 2025 and was at its lowest, 12.28 billion constant 2015 US$, in 1995.
Latvia ranks 93rd of 163 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross national expenditure (constant 2015 US$) in Latvia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 12.28 billion constant 2015 US$ | — |
| 1996 | 12.97 billion constant 2015 US$ | +5.6% |
| 1997 | 13.69 billion constant 2015 US$ | +5.6% |
| 1998 | 15.13 billion constant 2015 US$ | +10.6% |
| 1999 | 15.49 billion constant 2015 US$ | +2.4% |
| 2000 | 15.77 billion constant 2015 US$ | +1.8% |
| 2001 | 17.24 billion constant 2015 US$ | +9.3% |
| 2002 | 18.35 billion constant 2015 US$ | +6.4% |
| 2003 | 20.40 billion constant 2015 US$ | +11.2% |
| 2004 | 22.94 billion constant 2015 US$ | +12.4% |
| 2005 | 25.24 billion constant 2015 US$ | +10.0% |
| 2006 | 30.16 billion constant 2015 US$ | +19.5% |
| 2007 | 34.00 billion constant 2015 US$ | +12.7% |
| 2008 | 30.91 billion constant 2015 US$ | -9.1% |
| 2009 | 23.43 billion constant 2015 US$ | -24.2% |
| 2010 | 22.44 billion constant 2015 US$ | -4.2% |
| 2011 | 24.51 billion constant 2015 US$ | +9.2% |
| 2012 | 25.67 billion constant 2015 US$ | +4.7% |
| 2013 | 26.03 billion constant 2015 US$ | +1.4% |
| 2014 | 26.03 billion constant 2015 US$ | -0.0% |
| 2015 | 26.66 billion constant 2015 US$ | +2.4% |
| 2016 | 27.39 billion constant 2015 US$ | +2.8% |
| 2017 | 28.70 billion constant 2015 US$ | +4.8% |
| 2018 | 30.36 billion constant 2015 US$ | +5.8% |
| 2019 | 31.11 billion constant 2015 US$ | +2.5% |
| 2020 | 29.79 billion constant 2015 US$ | -4.2% |
| 2021 | 33.15 billion constant 2015 US$ | +11.3% |
| 2022 | 33.41 billion constant 2015 US$ | +0.8% |
| 2023 | 33.53 billion constant 2015 US$ | +0.4% |
| 2024 | 33.04 billion constant 2015 US$ | -1.5% |
| 2025 | 35.22 billion constant 2015 US$ | +6.6% |
Latvia compared with similar countries
- Latvia's 35.22 billion constant 2015 US$ is below the median for high income countries, which is 222.30 billion constant 2015 US$, 16% of the median. (58 countries reporting)
- Latvia's 35.22 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 101.50 billion constant 2015 US$, 35% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.91 billion constant 2015 US$ | 12.28 billion constant 2015 US$ | 15.49 billion constant 2015 US$ | 5 |
| 2000s | 23.84 billion constant 2015 US$ | 15.77 billion constant 2015 US$ | 34.00 billion constant 2015 US$ | 10 |
| 2010s | 26.89 billion constant 2015 US$ | 22.44 billion constant 2015 US$ | 31.11 billion constant 2015 US$ | 10 |
| 2020s | 33.02 billion constant 2015 US$ | 29.79 billion constant 2015 US$ | 35.22 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 90 Bahrain 37.13 billion constant 2015 US$ compare
- 91 Honduras 36.98 billion constant 2015 US$ compare
- 92 El Salvador 36.52 billion constant 2015 US$ compare
- 94 Senegal 33.80 billion constant 2015 US$ compare
- 95 Cyprus 31.44 billion constant 2015 US$ compare
- 96 Venezuela 30.69 billion constant 2015 US$ 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 in Latvia?
- Gross national expenditure in Latvia was 35.22 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Latvia?
- The highest recorded value was 35.22 billion constant 2015 US$ in 2025.
- What is the lowest gross national expenditure recorded in Latvia?
- The lowest recorded value was 12.28 billion constant 2015 US$ in 1995.
- How does Latvia rank for gross national expenditure?
- Latvia ranks 93rd out of 163 countries with data for 2025.
- Is gross national expenditure rising or falling in Latvia?
- Over the last ten years it is up 32.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross national expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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 2015. This indicator is expressed in United States dollars.