HICP - Services in Latvia
Latvia: HICP - Services was 5.7 in 2025. ◆ Volatile
Latest (2025)
5.7
Change on year
up 7.5%
World rank
8th
of 31 countries
All-time high
15.4
in 2008
All-time low
-4.5
in 2010
Years of data
29
1997–2025
HICP - Services in Latvia, 1997–2025
Source: European Central Bank.
Analysis
In 2025, hicp - services in Latvia stood at 5.7.
That represents a change of up 7.5% on the previous year and up 147.8% over ten years.
Over the whole period, hicp - services in Latvia peaked at 15.4 in 2008 and was at its lowest, -4.5, in 2010.
That places Latvia 8th out of 31 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
HICP - Services in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 13.7 | — |
| 1998 | 11.7 | -14.6% |
| 1999 | 4.7 | -59.8% |
| 2000 | 5 | +6.4% |
| 2001 | 1.8 | -64.0% |
| 2002 | 1.1 | -38.9% |
| 2003 | 2.1 | +90.9% |
| 2004 | 5.6 | +166.7% |
| 2005 | 6.9 | +23.2% |
| 2006 | 6.7 | -2.9% |
| 2007 | 12.9 | +92.5% |
| 2008 | 15.4 | +19.4% |
| 2009 | 4.7 | -69.5% |
| 2010 | -4.5 | -195.7% |
| 2011 | 0.5 | -111.1% |
| 2012 | 1.7 | +240.0% |
| 2013 | 0.3 | -82.4% |
| 2014 | 2.8 | +833.3% |
| 2015 | 2.3 | -17.9% |
| 2016 | 1.8 | -21.7% |
| 2017 | 3 | +66.7% |
| 2018 | 3.2 | +6.7% |
| 2019 | 2.8 | -12.5% |
| 2020 | 1.3 | -53.6% |
| 2021 | 2 | +53.8% |
| 2022 | 8.6 | +330.0% |
| 2023 | 9.6 | +11.6% |
| 2024 | 5.3 | -44.8% |
| 2025 | 5.7 | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.03 | 4.7 | 13.7 | 3 |
| 2000s | 6.22 | 1.1 | 15.4 | 10 |
| 2010s | 1.39 | -4.5 | 3.2 | 10 |
| 2020s | 5.42 | 1.3 | 9.6 | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross capital formation (current US$), annual growth rate 23.84 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2406 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 6,330 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 18.62 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2129 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,601 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
Frequently asked questions
- What is hicp - services in Latvia?
- Hicp - services in Latvia was 5.7 in 2025, according to European Central Bank.
- What is the highest hicp - services recorded in Latvia?
- The highest recorded value was 15.4 in 2008.
- What is the lowest hicp - services recorded in Latvia?
- The lowest recorded value was -4.5 in 2010.
- How does Latvia rank for hicp - services?
- Latvia ranks 8th out of 31 countries with data for 2025.
- Is hicp - services rising or falling in Latvia?
- Over the last ten years it is up 147.8%. 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 - Services (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).