Gross national expenditure in Latvia
Latvia: Gross national expenditure was 50.84 billion current US$ in 2025. ◆ Volatile
Gross national expenditure in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross national expenditure in Latvia is 50.84 billion current US$, measured in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 13.8% on the previous year and up 90.7% over ten years.
Over the whole period, gross national expenditure in Latvia peaked at 50.84 billion current US$ in 2025 and was at its lowest, 5.88 billion current US$, in 1995.
Latvia ranks 93rd of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 5.88 billion current US$ | — |
| 1996 | 6.34 billion current US$ | +7.7% |
| 1997 | 6.94 billion current US$ | +9.5% |
| 1998 | 7.84 billion current US$ | +13.0% |
| 1999 | 8.06 billion current US$ | +2.8% |
| 2000 | 8.40 billion current US$ | +4.1% |
| 2001 | 9.06 billion current US$ | +7.9% |
| 2002 | 10.22 billion current US$ | +12.8% |
| 2003 | 12.72 billion current US$ | +24.5% |
| 2004 | 16.04 billion current US$ | +26.1% |
| 2005 | 18.74 billion current US$ | +16.8% |
| 2006 | 24.89 billion current US$ | +32.8% |
| 2007 | 35.34 billion current US$ | +42.0% |
| 2008 | 38.67 billion current US$ | +9.4% |
| 2009 | 26.22 billion current US$ | -32.2% |
| 2010 | 23.97 billion current US$ | -8.6% |
| 2011 | 28.20 billion current US$ | +17.7% |
| 2012 | 28.62 billion current US$ | +1.5% |
| 2013 | 30.47 billion current US$ | +6.5% |
| 2014 | 31.15 billion current US$ | +2.2% |
| 2015 | 26.66 billion current US$ | -14.4% |
| 2016 | 26.97 billion current US$ | +1.2% |
| 2017 | 29.52 billion current US$ | +9.4% |
| 2018 | 33.41 billion current US$ | +13.2% |
| 2019 | 33.17 billion current US$ | -0.7% |
| 2020 | 32.90 billion current US$ | -0.8% |
| 2021 | 39.40 billion current US$ | +19.7% |
| 2022 | 39.86 billion current US$ | +1.2% |
| 2023 | 44.35 billion current US$ | +11.3% |
| 2024 | 44.70 billion current US$ | +0.8% |
| 2025 | 50.84 billion current US$ | +13.8% |
Latvia compared with similar countries
- Latvia's 50.84 billion current US$ is below the median for high income countries, which is 195.11 billion current US$, 26% of the median. (66 countries reporting)
- Latvia's 50.84 billion current US$ is below the median for Europe & Central Asia, which is 143.45 billion current US$, 35% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.01 billion current US$ | 5.88 billion current US$ | 8.06 billion current US$ | 5 |
| 2000s | 20.03 billion current US$ | 8.40 billion current US$ | 38.67 billion current US$ | 10 |
| 2010s | 29.22 billion current US$ | 23.97 billion current US$ | 33.41 billion current US$ | 10 |
| 2020s | 42.01 billion current US$ | 32.90 billion current US$ | 50.84 billion current US$ | 6 |
Countries ranked near Latvia
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 gross national expenditure in Latvia?
- Gross national expenditure in Latvia was 50.84 billion current 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 50.84 billion current US$ in 2025.
- What is the lowest gross national expenditure recorded in Latvia?
- The lowest recorded value was 5.88 billion current US$ in 1995.
- How does Latvia rank for gross national expenditure?
- Latvia ranks 93rd 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 90.7%. 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.