HICP - Goods (Annual average rate of change, Eurostat) in Latvia
Latvia: HICP - Goods (Annual average rate of change, Eurostat) was 3.1 in 2025. ◆ Volatile
HICP - Goods in Latvia, 1997–2025
Source: European Central Bank.
Analysis
The most recent figure for hicp - goods in Latvia is 3.1, measured in 2025.
That represents a change of up 3,200.0% on the previous year and up 542.9% over ten years.
Over the whole period, hicp - goods in Latvia peaked at 20.5 in 2022 and was at its lowest, -0.7, in 2015.
Latvia ranks 4th of 31 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
HICP - Goods (Annual average rate of change, Eurostat) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 7 | — |
| 1998 | 2.8 | -60.0% |
| 1999 | 1.5 | -46.4% |
| 2000 | 2 | +33.3% |
| 2001 | 2.8 | +40.0% |
| 2002 | 2.3 | -17.9% |
| 2003 | 3.2 | +39.1% |
| 2004 | 6.4 | +100.0% |
| 2005 | 6.9 | +7.8% |
| 2006 | 6.5 | -5.8% |
| 2007 | 9 | +38.5% |
| 2008 | 15.2 | +68.9% |
| 2009 | 2.7 | -82.2% |
| 2010 | 0.2 | -92.6% |
| 2011 | 5.8 | +2800.0% |
| 2012 | 2.5 | -56.9% |
| 2013 | -0.1 | -104.0% |
| 2014 | -0.2 | +100.0% |
| 2015 | -0.7 | +250.0% |
| 2016 | -0.6 | -14.3% |
| 2017 | 2.8 | -566.7% |
| 2018 | 2.3 | -17.9% |
| 2019 | 2.7 | +17.4% |
| 2020 | -0.5 | -118.5% |
| 2021 | 3.6 | -820.0% |
| 2022 | 20.5 | +469.4% |
| 2023 | 8.8 | -57.1% |
| 2024 | -0.1 | -101.1% |
| 2025 | 3.1 | -3200.0% |
Latvia compared with similar countries
- Latvia's 3.1 is above the median for Europe & Central Asia, which is 2.1, 1.5× the median. (29 countries reporting)
- Latvia's 3.1 is above the median for high income countries, which is 1.7, 1.8× the median. (27 countries reporting)
Biggest year-on-year movements
Years where HICP - Goods (Annual average rate of change, Eurostat) 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 |
|---|---|---|---|
| 2025 | +3200.0% | -0.1 | 3.1 |
| 2011 | +2800.0% | 0.2 | 5.8 |
| 2021 | +820.0% | -0.5 | 3.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.77 | 1.5 | 7 | 3 |
| 2000s | 5.7 | 2 | 15.2 | 10 |
| 2010s | 1.47 | -0.7 | 5.8 | 10 |
| 2020s | 5.9 | -0.5 | 20.5 | 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 hicp - goods in Latvia?
- Hicp - goods in Latvia was 3.1 in 2025, according to European Central Bank.
- What is the highest hicp - goods recorded in Latvia?
- The highest recorded value was 20.5 in 2022.
- What is the lowest hicp - goods recorded in Latvia?
- The lowest recorded value was -0.7 in 2015.
- How does Latvia rank for hicp - goods?
- Latvia ranks 4th out of 31 countries with data for 2025.
- Is hicp - goods rising or falling in Latvia?
- Over the last ten years it is up 542.9%. 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 - Goods (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.
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