HICP - RESTAURANTS AND HOTELS in Latvia
Latvia: HICP - RESTAURANTS AND HOTELS was 5 in 2025. ◆ Volatile
Latest (2025)
5
Change on year
up 35.1%
World rank
16th
of 31 countries
All-time high
17
in 2008
All-time low
-5.9
in 2010
Years of data
29
1997–2025
HICP - RESTAURANTS AND HOTELS in Latvia, 1997–2025
Source: European Central Bank.
Analysis
In 2025, hicp - restaurants and hotels in Latvia stood at 5.
The figure is up 35.1% on the previous year and up 212.5% over ten years.
Over the whole period, hicp - restaurants and hotels in Latvia peaked at 17 in 2008 and was at its lowest, -5.9, in 2010.
That places Latvia 16th out of 31 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
HICP - RESTAURANTS AND HOTELS in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 6.8 | — |
| 1998 | 3.9 | -42.6% |
| 1999 | 2.2 | -43.6% |
| 2000 | 2.1 | -4.5% |
| 2001 | 2.4 | +14.3% |
| 2002 | 2.6 | +8.3% |
| 2003 | 2.6 | +0.0% |
| 2004 | 7.3 | +180.8% |
| 2005 | 11.2 | +53.4% |
| 2006 | 11.3 | +0.9% |
| 2007 | 14.3 | +26.5% |
| 2008 | 17 | +18.9% |
| 2009 | -1.4 | -108.2% |
| 2010 | -5.9 | +321.4% |
| 2011 | 1.8 | -130.5% |
| 2012 | 3.2 | +77.8% |
| 2013 | 1.1 | -65.6% |
| 2014 | 3.9 | +254.5% |
| 2015 | 1.6 | -59.0% |
| 2016 | 0.7 | -56.2% |
| 2017 | 2.1 | +200.0% |
| 2018 | 3.2 | +52.4% |
| 2019 | 2.9 | -9.4% |
| 2020 | -0.7 | -124.1% |
| 2021 | 1.7 | -342.9% |
| 2022 | 14.7 | +764.7% |
| 2023 | 13.5 | -8.2% |
| 2024 | 3.7 | -72.6% |
| 2025 | 5 | +35.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.3 | 2.2 | 6.8 | 3 |
| 2000s | 6.94 | -1.4 | 17 | 10 |
| 2010s | 1.46 | -5.9 | 3.9 | 10 |
| 2020s | 6.32 | -0.7 | 14.7 | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (2025)
Frequently asked questions
- What is hicp - restaurants and hotels in Latvia?
- Hicp - restaurants and hotels in Latvia was 5 in 2025, according to European Central Bank.
- What is the highest hicp - restaurants and hotels recorded in Latvia?
- The highest recorded value was 17 in 2008.
- What is the lowest hicp - restaurants and hotels recorded in Latvia?
- The lowest recorded value was -5.9 in 2010.
- How does Latvia rank for hicp - restaurants and hotels?
- Latvia ranks 16th out of 31 countries with data for 2025.
- Is hicp - restaurants and hotels rising or falling in Latvia?
- Over the last ten years it is up 212.5%. 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 - RESTAURANTS AND HOTELS (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under ECB Terms and Conditions (attribution required).