HICP - Industrial goods (Annual average rate of change, Eurostat) in Latvia
Latvia: HICP - Industrial goods (Annual average rate of change, Eurostat) was 0.5 in 2025. ◆ Volatile
HICP - Industrial goods in Latvia, 1997–2025
Source: European Central Bank.
Analysis
Latvia recorded 0.5 for hicp - industrial goods in 2025.
Compared with earlier readings it is up 115.6% on the previous year and up 155.6% over ten years.
Over the whole period, hicp - industrial goods in Latvia peaked at 22.7 in 2022 and was at its lowest, -3.2, in 2024.
Latvia ranks 18th 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 - Industrial goods (Annual average rate of change, Eurostat) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 12.3 | — |
| 1998 | 4.2 | -65.9% |
| 1999 | 3.3 | -21.4% |
| 2000 | 2.5 | -24.2% |
| 2001 | 1.1 | -56.0% |
| 2002 | 1.2 | +9.1% |
| 2003 | 4 | +233.3% |
| 2004 | 6 | +50.0% |
| 2005 | 5.6 | -6.7% |
| 2006 | 5.1 | -8.9% |
| 2007 | 5.3 | +3.9% |
| 2008 | 9.5 | +79.2% |
| 2009 | 1.2 | -87.4% |
| 2010 | -0.2 | -116.7% |
| 2011 | 4.6 | -2400.0% |
| 2012 | 2.6 | -43.5% |
| 2013 | -1.3 | -150.0% |
| 2014 | -0.6 | -53.8% |
| 2015 | -0.9 | +50.0% |
| 2016 | -2.4 | +166.7% |
| 2017 | 1.5 | -162.5% |
| 2018 | 2.8 | +86.7% |
| 2019 | 2 | -28.6% |
| 2020 | -2.4 | -220.0% |
| 2021 | 5 | -308.3% |
| 2022 | 22.7 | +354.0% |
| 2023 | 6 | -73.6% |
| 2024 | -3.2 | -153.3% |
| 2025 | 0.5 | -115.6% |
Latvia compared with similar countries
- Latvia's 0.5 is below the median for Europe & Central Asia, which is 0.6, 83% of the median. (29 countries reporting)
- Latvia's 0.5 is above the median for high income countries, which is 0.5, 1.0× the median. (27 countries reporting)
Biggest year-on-year movements
Years where HICP - Industrial 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 |
|---|---|---|---|
| 2011 | +2400.0% | -0.2 | 4.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.6 | 3.3 | 12.3 | 3 |
| 2000s | 4.15 | 1.1 | 9.5 | 10 |
| 2010s | 0.81 | -2.4 | 4.6 | 10 |
| 2020s | 4.77 | -3.2 | 22.7 | 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 - industrial goods in Latvia?
- Hicp - industrial goods in Latvia was 0.5 in 2025, according to European Central Bank.
- What is the highest hicp - industrial goods recorded in Latvia?
- The highest recorded value was 22.7 in 2022.
- What is the lowest hicp - industrial goods recorded in Latvia?
- The lowest recorded value was -3.2 in 2024.
- How does Latvia rank for hicp - industrial goods?
- Latvia ranks 18th out of 31 countries with data for 2025.
- Is hicp - industrial goods rising or falling in Latvia?
- Over the last ten years it is up 155.6%. 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 - Industrial goods (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.
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