HICP - Electricity, gas and other fuels in Latvia
Latvia: HICP - Electricity, gas and other fuels was 1.5 in 2025. ◆ Volatile
HICP - Electricity, gas and other fuels in Latvia, 1997–2025
Source: European Central Bank.
Analysis
The most recent figure for hicp - electricity, gas and other fuels in Latvia is 1.5, measured in 2025.
The figure is up 110.9% on the previous year and down 67.4% over ten years.
Over the whole period, hicp - electricity, gas and other fuels in Latvia peaked at 56.3 in 2022 and was at its lowest, -13.8, in 2024.
Latvia ranks 14th of 31 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.
HICP - Electricity, gas and other fuels in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 12.5 | — |
| 1998 | 3.2 | -74.4% |
| 1999 | 1.4 | -56.2% |
| 2000 | 4.3 | +207.1% |
| 2001 | 1.6 | -62.8% |
| 2002 | 0.2 | -87.5% |
| 2003 | 2.9 | +1350.0% |
| 2004 | 8.9 | +206.9% |
| 2005 | 6.1 | -31.5% |
| 2006 | 15.4 | +152.5% |
| 2007 | 13.6 | -11.7% |
| 2008 | 35.7 | +162.5% |
| 2009 | 10.2 | -71.4% |
| 2010 | -0.6 | -105.9% |
| 2011 | 11.1 | -1950.0% |
| 2012 | 9.6 | -13.5% |
| 2013 | -1.7 | -117.7% |
| 2014 | -1 | -41.2% |
| 2015 | 4.6 | -560.0% |
| 2016 | -6.7 | -245.7% |
| 2017 | 1.5 | -122.4% |
| 2018 | 3.8 | +153.3% |
| 2019 | 4.9 | +28.9% |
| 2020 | -5.1 | -204.1% |
| 2021 | 6.4 | -225.5% |
| 2022 | 56.3 | +779.7% |
| 2023 | 13.5 | -76.0% |
| 2024 | -13.8 | -202.2% |
| 2025 | 1.5 | -110.9% |
Latvia compared with similar countries
- Latvia's 1.5 is above the median for Europe & Central Asia, which is 1.3, 1.2× the median. (29 countries reporting)
- Latvia's 1.5 is above the median for high income countries, which is 0.3, 5.0× the median. (27 countries reporting)
Biggest year-on-year movements
Years where HICP - Electricity, gas and other fuels in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +1950.0% | -0.6 | 11.1 |
| 2003 | +1350.0% | 0.2 | 2.9 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.7 | 1.4 | 12.5 | 3 |
| 2000s | 9.89 | 0.2 | 35.7 | 10 |
| 2010s | 2.55 | -6.7 | 11.1 | 10 |
| 2020s | 9.8 | -13.8 | 56.3 | 6 |
Countries ranked near Latvia
- 11 United Kingdom 3.8 compare
- 12 Greece 2.3 compare
- 13 Hungary 2 compare
- 14 Montenegro 1.5 compare
- 16 Netherlands 1.3 compare
- 17 Slovakia 1.2 compare
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 hicp - electricity, gas and other fuels in Latvia?
- Hicp - electricity, gas and other fuels in Latvia was 1.5 in 2025, according to European Central Bank.
- What is the highest hicp - electricity, gas and other fuels recorded in Latvia?
- The highest recorded value was 56.3 in 2022.
- What is the lowest hicp - electricity, gas and other fuels recorded in Latvia?
- The lowest recorded value was -13.8 in 2024.
- How does Latvia rank for hicp - electricity, gas and other fuels?
- Latvia ranks 14th out of 31 countries with data for 2025.
- Is hicp - electricity, gas and other fuels rising or falling in Latvia?
- Over the last ten years it is down 67.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from European Central Bank, published as part of HICP - Electricity, gas and other fuels (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.
Download this data
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