Mean income or consumption per day (2011 prices) in Latvia
Latvia: Mean income or consumption per day (2011 prices) was 33.97 international-$ in 2011 prices in 2021. ▲ Rising
Latest (2021)
33.97 international-$ in 2011 prices
Change on year
up 4.5%
World rank
30th
of 119 countries
All-time high
33.97 international-$ in 2011 prices
in 2021
All-time low
8.1 international-$ in 2011 prices
in 1993
Years of data
21
1993–2021
Mean income or consumption per day (2011 prices) in Latvia, 1993–2021
Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Latvia recorded 33.97 international-$ in 2011 prices for mean income or consumption per day (2011 prices) in 2021. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 94.4% over ten years.
Over the whole period, mean income or consumption per day (2011 prices) in Latvia peaked at 33.97 international-$ in 2011 prices in 2021 and was at its lowest, 8.1 international-$ in 2011 prices, in 1993.
Latvia ranks 30th of 119 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Mean income or consumption per day (2011 prices) in Latvia, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1993 | 8.1 international-$ in 2011 prices | — |
| 1995 | 9.59 international-$ in 2011 prices | +18.4% |
| 1996 | 9.3 international-$ in 2011 prices | -3.0% |
| 2004 | 12.77 international-$ in 2011 prices | +37.3% |
| 2005 | 14.61 international-$ in 2011 prices | +14.5% |
| 2006 | 17.35 international-$ in 2011 prices | +18.7% |
| 2007 | 22.58 international-$ in 2011 prices | +30.1% |
| 2008 | 21.99 international-$ in 2011 prices | -2.6% |
| 2009 | 18.1 international-$ in 2011 prices | -17.7% |
| 2010 | 17.1 international-$ in 2011 prices | -5.5% |
| 2011 | 17.47 international-$ in 2011 prices | +2.2% |
| 2012 | 17.95 international-$ in 2011 prices | +2.7% |
| 2013 | 19.87 international-$ in 2011 prices | +10.7% |
| 2014 | 21.78 international-$ in 2011 prices | +9.6% |
| 2015 | 23.4 international-$ in 2011 prices | +7.5% |
| 2016 | 24.58 international-$ in 2011 prices | +5.0% |
| 2017 | 26.65 international-$ in 2011 prices | +8.4% |
| 2018 | 29.02 international-$ in 2011 prices | +8.9% |
| 2019 | 30.14 international-$ in 2011 prices | +3.9% |
| 2020 | 32.5 international-$ in 2011 prices | +7.8% |
| 2021 | 33.97 international-$ in 2011 prices | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.99 international-$ in 2011 prices | 8.1 international-$ in 2011 prices | 9.59 international-$ in 2011 prices | 3 |
| 2000s | 17.9 international-$ in 2011 prices | 12.77 international-$ in 2011 prices | 22.58 international-$ in 2011 prices | 6 |
| 2010s | 22.8 international-$ in 2011 prices | 17.1 international-$ in 2011 prices | 30.14 international-$ in 2011 prices | 10 |
| 2020s | 33.23 international-$ in 2011 prices | 32.5 international-$ in 2011 prices | 33.97 international-$ in 2011 prices | 2 |
Countries ranked near Latvia
- 27 Israel 38.26 international-$ in 2011 prices compare
- 28 Czechia 36.7 international-$ in 2011 prices compare
- 29 Poland 35.48 international-$ in 2011 prices compare
- 31 Portugal 33.05 international-$ in 2011 prices compare
- 32 Malaysia 32.62 international-$ in 2011 prices compare
- 33 Hungary 30.25 international-$ in 2011 prices 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$), annual growth rate 11.67 % change on previous year (2025)
Frequently asked questions
- What is mean income or consumption per day (2011 prices) in Latvia?
- Mean income or consumption per day (2011 prices) in Latvia was 33.97 international-$ in 2011 prices in 2021, according to World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data.
- What is the highest mean income or consumption per day (2011 prices) recorded in Latvia?
- The highest recorded value was 33.97 international-$ in 2011 prices in 2021.
- What is the lowest mean income or consumption per day (2011 prices) recorded in Latvia?
- The lowest recorded value was 8.1 international-$ in 2011 prices in 1993.
- How does Latvia rank for mean income or consumption per day (2011 prices)?
- Latvia ranks 30th out of 119 countries with data for 2021.
- Is mean income or consumption per day (2011 prices) rising or falling in Latvia?
- Over the last ten years it is up 94.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data, published as part of Mean income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The mean is the average income or consumption of the population.