Inflation, GDP deflator in Latvia
Latvia: Inflation, GDP deflator was 3.6% in 2025. ◆ Volatile
Inflation, GDP deflator in Latvia, 1991–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
Latvia recorded 3.6% for inflation, gdp deflator in 2025.
The figure is up 30.0% on the previous year and up 836.7% over ten years.
Over the whole period, inflation, gdp deflator in Latvia peaked at 932.5% in 1992 and was at its lowest, -5.7%, in 2009.
That places Latvia 93rd out of 212 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.
Inflation, GDP deflator in Latvia, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | 162.6% | — |
| 1992 | 932.5% | +473.5% |
| 1993 | 53.7% | -94.2% |
| 1994 | 36.3% | -32.5% |
| 1995 | 29.3% | -19.1% |
| 1996 | 13.0% | -55.8% |
| 1997 | 5.8% | -55.3% |
| 1998 | 4.7% | -19.3% |
| 1999 | 1.3% | -71.6% |
| 2000 | 3.8% | +184.8% |
| 2001 | 2.6% | -30.5% |
| 2002 | 3.3% | +24.2% |
| 2003 | 3.6% | +11.9% |
| 2004 | 6.9% | +90.0% |
| 2005 | 10.4% | +50.8% |
| 2006 | 10.2% | -2.1% |
| 2007 | 19.6% | +91.2% |
| 2008 | 12.4% | -36.7% |
| 2009 | -5.7% | -146.3% |
| 2010 | -0.5% | -91.6% |
| 2011 | 4.7% | -1073.0% |
| 2012 | 2.9% | -38.9% |
| 2013 | 1.9% | -34.0% |
| 2014 | 1.7% | -12.1% |
| 2015 | 0.4% | -76.8% |
| 2016 | 0.6% | +57.1% |
| 2017 | 2.7% | +345.6% |
| 2018 | 3.7% | +38.1% |
| 2019 | 4.3% | +15.4% |
| 2020 | 2.4% | -44.6% |
| 2021 | 3.3% | +37.8% |
| 2022 | 9.7% | +193.9% |
| 2023 | 10.7% | +10.1% |
| 2024 | 2.8% | -73.9% |
| 2025 | 3.6% | +30.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 137.7% | 1.3% | 932.5% | 9 |
| 2000s | 6.7% | -5.7% | 19.6% | 10 |
| 2010s | 2.2% | -0.5% | 4.7% | 10 |
| 2020s | 5.4% | 2.4% | 10.7% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- GDP (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.642 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 16,892 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.6625 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 17,433 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 8.25 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 5,125 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator in Latvia?
- Inflation, gdp deflator in Latvia was 3.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Latvia?
- The highest recorded value was 932.5% in 1992.
- What is the lowest inflation, gdp deflator recorded in Latvia?
- The lowest recorded value was -5.7% in 2009.
- How does Latvia rank for inflation, gdp deflator?
- Latvia ranks 93rd out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Latvia?
- Over the last ten years it is up 836.7%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.