Gross national expenditure (current LCU) in Latvia
Latvia: Gross national expenditure (current LCU) was 45.00 billion current LCU in 2025. ◆ Volatile
Gross national expenditure in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross national expenditure in Latvia is 45.00 billion current LCU, measured in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 9.0% on the previous year and up 87.3% over ten years.
Over the whole period, gross national expenditure in Latvia peaked at 45.00 billion current LCU in 2025 and was at its lowest, 4.12 billion current LCU, in 1995.
Latvia ranks 150th of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 4.12 billion current LCU | — |
| 1996 | 4.97 billion current LCU | +20.4% |
| 1997 | 5.74 billion current LCU | +15.5% |
| 1998 | 6.58 billion current LCU | +14.7% |
| 1999 | 6.71 billion current LCU | +2.0% |
| 2000 | 7.25 billion current LCU | +7.9% |
| 2001 | 8.09 billion current LCU | +11.7% |
| 2002 | 8.99 billion current LCU | +11.1% |
| 2003 | 10.34 billion current LCU | +15.1% |
| 2004 | 12.33 billion current LCU | +19.2% |
| 2005 | 15.06 billion current LCU | +22.1% |
| 2006 | 19.85 billion current LCU | +31.8% |
| 2007 | 25.83 billion current LCU | +30.2% |
| 2008 | 26.46 billion current LCU | +2.4% |
| 2009 | 18.86 billion current LCU | -28.7% |
| 2010 | 18.10 billion current LCU | -4.0% |
| 2011 | 20.29 billion current LCU | +12.1% |
| 2012 | 22.28 billion current LCU | +9.8% |
| 2013 | 22.95 billion current LCU | +3.0% |
| 2014 | 23.45 billion current LCU | +2.2% |
| 2015 | 24.03 billion current LCU | +2.5% |
| 2016 | 24.37 billion current LCU | +1.4% |
| 2017 | 26.13 billion current LCU | +7.2% |
| 2018 | 28.29 billion current LCU | +8.3% |
| 2019 | 29.63 billion current LCU | +4.7% |
| 2020 | 28.80 billion current LCU | -2.8% |
| 2021 | 33.31 billion current LCU | +15.6% |
| 2022 | 37.85 billion current LCU | +13.6% |
| 2023 | 41.01 billion current LCU | +8.3% |
| 2024 | 41.30 billion current LCU | +0.7% |
| 2025 | 45.00 billion current LCU | +9.0% |
Latvia compared with similar countries
- Latvia's 45.00 billion current LCU is below the median for high income countries, which is 501.74 billion current LCU, 9% of the median. (66 countries reporting)
- Latvia's 45.00 billion current LCU is below the median for Europe & Central Asia, which is 577.26 billion current LCU, 8% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.62 billion current LCU | 4.12 billion current LCU | 6.71 billion current LCU | 5 |
| 2000s | 15.30 billion current LCU | 7.25 billion current LCU | 26.46 billion current LCU | 10 |
| 2010s | 23.95 billion current LCU | 18.10 billion current LCU | 29.63 billion current LCU | 10 |
| 2020s | 37.88 billion current LCU | 28.80 billion current LCU | 45.00 billion current LCU | 6 |
Countries ranked near Latvia
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 45.00 billion current LCU 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 45.00 billion current LCU in 2025.
- What is the lowest gross national expenditure recorded in Latvia?
- The lowest recorded value was 4.12 billion current LCU in 1995.
- How does Latvia rank for gross national expenditure?
- Latvia ranks 150th out of 186 countries with data for 2025.
- Is gross national expenditure rising or falling in Latvia?
- Over the last ten years it is up 87.3%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.