Households and NPISHs Final consumption expenditure per capita, PPP in Latvia
Latvia: Households and NPISHs Final consumption expenditure per capita, PPP was 24,300 current international $ in 2025. ◆ Volatile
Households and NPISHs Final consumption expenditure per capita, PPP in Latvia, 1994–2025
Source: International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024. Measured in current international $.
Analysis
Latvia recorded 24,300 current international $ for households and npishs final consumption expenditure per capita, ppp in 2025. That is the highest value across all 32 years on record.
That represents a change of up 1.8% on the previous year and up 95.7% over ten years.
Over the whole period, households and npishs final consumption expenditure per capita, ppp in Latvia peaked at 24,300 current international $ in 2025 and was at its lowest, 3,117 current international $, in 1995.
That places Latvia 45th out of 182 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.
Households and NPISHs Final consumption expenditure per capita, PPP in Latvia, year by year
| Year | current international $ | Change |
|---|---|---|
| 1994 | 3,208 current international $ | — |
| 1995 | 3,117 current international $ | -2.8% |
| 1996 | 3,373 current international $ | +8.2% |
| 1997 | 3,673 current international $ | +8.9% |
| 1998 | 3,795 current international $ | +3.3% |
| 1999 | 4,020 current international $ | +5.9% |
| 2000 | 4,321 current international $ | +7.5% |
| 2001 | 4,841 current international $ | +12.0% |
| 2002 | 5,242 current international $ | +8.3% |
| 2003 | 5,661 current international $ | +8.0% |
| 2004 | 6,421 current international $ | +13.4% |
| 2005 | 7,260 current international $ | +13.1% |
| 2006 | 8,510 current international $ | +17.2% |
| 2007 | 9,609 current international $ | +12.9% |
| 2008 | 9,448 current international $ | -1.7% |
| 2009 | 8,388 current international $ | -11.2% |
| 2010 | 9,346 current international $ | +11.4% |
| 2011 | 9,778 current international $ | +4.6% |
| 2012 | 10,674 current international $ | +9.2% |
| 2013 | 11,870 current international $ | +11.2% |
| 2014 | 12,068 current international $ | +1.7% |
| 2015 | 12,414 current international $ | +2.9% |
| 2016 | 13,300 current international $ | +7.1% |
| 2017 | 14,165 current international $ | +6.5% |
| 2018 | 15,081 current international $ | +6.5% |
| 2019 | 15,993 current international $ | +6.0% |
| 2020 | 15,476 current international $ | -3.2% |
| 2021 | 18,308 current international $ | +18.3% |
| 2022 | 21,320 current international $ | +16.5% |
| 2023 | 22,866 current international $ | +7.2% |
| 2024 | 23,868 current international $ | +4.4% |
| 2025 | 24,300 current international $ | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,531 current international $ | 3,117 current international $ | 4,020 current international $ | 6 |
| 2000s | 6,970 current international $ | 4,321 current international $ | 9,609 current international $ | 10 |
| 2010s | 12,469 current international $ | 9,346 current international $ | 15,993 current international $ | 10 |
| 2020s | 21,023 current international $ | 15,476 current international $ | 24,300 current international $ | 6 |
Countries ranked near Latvia
- 42 Cyprus 25,438 current international $ compare
- 43 Czechia 25,404 current international $ compare
- 44 Russian Federation 24,888 current international $ compare
- 46 Montenegro 24,288 current international $ compare
- 47 Malaysia 24,224 current international $ compare
- 48 Estonia 23,878 current international $ compare
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 households and npishs final consumption expenditure per capita, ppp in Latvia?
- Households and npishs final consumption expenditure per capita, ppp in Latvia was 24,300 current international $ in 2025, according to International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024.
- What is the highest households and npishs final consumption expenditure per capita, ppp recorded in Latvia?
- The highest recorded value was 24,300 current international $ in 2025.
- What is the lowest households and npishs final consumption expenditure per capita, ppp recorded in Latvia?
- The lowest recorded value was 3,117 current international $ in 1995.
- How does Latvia rank for households and npishs final consumption expenditure per capita, ppp?
- Latvia ranks 45th out of 182 countries with data for 2025.
- Is households and npishs final consumption expenditure per capita, ppp rising or falling in Latvia?
- Over the last ten years it is up 95.7%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024, published as part of Households and NPISHs Final consumption expenditure per capita, PPP (current international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for final consumption expenditure per person expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.