Households and NPISHs Final consumption expenditure, PPP in Latvia
Latvia: Households and NPISHs Final consumption expenditure, PPP was 36.22 billion constant 2021 international $ in 2025. ▲ Rising
Households and NPISHs Final consumption expenditure, PPP in Latvia, 1995–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
In 2025, households and npishs final consumption expenditure, ppp in Latvia stood at 36.22 billion constant 2021 international $.
The figure is up 0.8% on the previous year and up 19.4% over ten years.
Over the whole period, households and npishs final consumption expenditure, ppp in Latvia peaked at 36.25 billion constant 2021 international $ in 2022 and was at its lowest, 14.31 billion constant 2021 international $, in 1995.
That places Latvia 108th out of 170 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Households and NPISHs Final consumption expenditure, PPP in Latvia, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1995 | 14.31 billion constant 2021 international $ | — |
| 1996 | 15.02 billion constant 2021 international $ | +5.0% |
| 1997 | 15.93 billion constant 2021 international $ | +6.0% |
| 1998 | 16.09 billion constant 2021 international $ | +1.0% |
| 1999 | 16.60 billion constant 2021 international $ | +3.2% |
| 2000 | 16.98 billion constant 2021 international $ | +2.2% |
| 2001 | 17.85 billion constant 2021 international $ | +5.2% |
| 2002 | 19.09 billion constant 2021 international $ | +6.9% |
| 2003 | 20.61 billion constant 2021 international $ | +7.9% |
| 2004 | 22.74 billion constant 2021 international $ | +10.4% |
| 2005 | 25.36 billion constant 2021 international $ | +11.5% |
| 2006 | 30.42 billion constant 2021 international $ | +19.9% |
| 2007 | 34.02 billion constant 2021 international $ | +11.8% |
| 2008 | 30.88 billion constant 2021 international $ | -9.2% |
| 2009 | 25.02 billion constant 2021 international $ | -19.0% |
| 2010 | 25.96 billion constant 2021 international $ | +3.8% |
| 2011 | 26.12 billion constant 2021 international $ | +0.6% |
| 2012 | 27.67 billion constant 2021 international $ | +5.9% |
| 2013 | 29.52 billion constant 2021 international $ | +6.7% |
| 2014 | 29.79 billion constant 2021 international $ | +0.9% |
| 2015 | 30.33 billion constant 2021 international $ | +1.8% |
| 2016 | 31.52 billion constant 2021 international $ | +3.9% |
| 2017 | 32.40 billion constant 2021 international $ | +2.8% |
| 2018 | 33.57 billion constant 2021 international $ | +3.6% |
| 2019 | 33.53 billion constant 2021 international $ | -0.1% |
| 2020 | 31.93 billion constant 2021 international $ | -4.8% |
| 2021 | 34.50 billion constant 2021 international $ | +8.1% |
| 2022 | 36.25 billion constant 2021 international $ | +5.1% |
| 2023 | 35.92 billion constant 2021 international $ | -0.9% |
| 2024 | 35.95 billion constant 2021 international $ | +0.1% |
| 2025 | 36.22 billion constant 2021 international $ | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.59 billion constant 2021 international $ | 14.31 billion constant 2021 international $ | 16.60 billion constant 2021 international $ | 5 |
| 2000s | 24.30 billion constant 2021 international $ | 16.98 billion constant 2021 international $ | 34.02 billion constant 2021 international $ | 10 |
| 2010s | 30.04 billion constant 2021 international $ | 25.96 billion constant 2021 international $ | 33.57 billion constant 2021 international $ | 10 |
| 2020s | 35.13 billion constant 2021 international $ | 31.93 billion constant 2021 international $ | 36.25 billion constant 2021 international $ | 6 |
Countries ranked near Latvia
- 105 Benin 38.19 billion constant 2021 international $ compare
- 106 Tajikistan 36.69 billion constant 2021 international $ compare
- 107 Mozambique 36.46 billion constant 2021 international $ compare
- 109 Somalia 35.86 billion constant 2021 international $ compare
- 110 Niger 35.66 billion constant 2021 international $ compare
- 111 Mongolia 35.31 billion constant 2021 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, ppp in Latvia?
- Households and npishs final consumption expenditure, ppp in Latvia was 36.22 billion constant 2021 international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest households and npishs final consumption expenditure, ppp recorded in Latvia?
- The highest recorded value was 36.25 billion constant 2021 international $ in 2022.
- What is the lowest households and npishs final consumption expenditure, ppp recorded in Latvia?
- The lowest recorded value was 14.31 billion constant 2021 international $ in 1995.
- How does Latvia rank for households and npishs final consumption expenditure, ppp?
- Latvia ranks 108th out of 170 countries with data for 2025.
- Is households and npishs final consumption expenditure, ppp rising or falling in Latvia?
- Over the last ten years it is up 19.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for final consumption expenditure expressed in constant 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 indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. 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.