Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Latvia
Latvia: Nominal effective exchange rate (NEER), Index (2010=100) Weighted was 120.83 in 2025. ▲ Rising
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Latvia, 1993–2025
Source: International Monetary Fund.
Analysis
In 2025, nominal effective exchange rate (neer), index (2010=100) weighted in Latvia stood at 120.83. That is the highest value across all 33 years on record.
The figure is up 0.7% on the previous year and up 12.9% over ten years.
Over the whole period, nominal effective exchange rate (neer), index (2010=100) weighted in Latvia peaked at 120.83 in 2025 and was at its lowest, 28.84, in 1993.
Latvia ranks 32nd of 99 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 28.84 | — |
| 1994 | 52.49 | +82.0% |
| 1995 | 75.47 | +43.8% |
| 1996 | 75.7 | +0.3% |
| 1997 | 80.03 | +5.7% |
| 1998 | 84.82 | +6.0% |
| 1999 | 101.78 | +20.0% |
| 2000 | 111.38 | +9.4% |
| 2001 | 111.8 | +0.4% |
| 2002 | 110.64 | -1.0% |
| 2003 | 105.7 | -4.5% |
| 2004 | 103.4 | -2.2% |
| 2005 | 97.78 | -5.4% |
| 2006 | 97.26 | -0.5% |
| 2007 | 98.41 | +1.2% |
| 2008 | 99.57 | +1.2% |
| 2009 | 104.09 | +4.5% |
| 2010 | 100 | -3.9% |
| 2011 | 102.78 | +2.8% |
| 2012 | 101.54 | -1.2% |
| 2013 | 103.87 | +2.3% |
| 2014 | 106.76 | +2.8% |
| 2015 | 107.03 | +0.2% |
| 2016 | 110.41 | +3.2% |
| 2017 | 110.52 | +0.1% |
| 2018 | 113.35 | +2.6% |
| 2019 | 112.75 | -0.5% |
| 2020 | 115.39 | +2.3% |
| 2021 | 116.22 | +0.7% |
| 2022 | 113.89 | -2.0% |
| 2023 | 118.59 | +4.1% |
| 2024 | 120.03 | +1.2% |
| 2025 | 120.83 | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 71.3 | 28.84 | 101.78 | 7 |
| 2000s | 104 | 97.26 | 111.8 | 10 |
| 2010s | 106.9 | 100 | 113.35 | 10 |
| 2020s | 117.49 | 113.89 | 120.83 | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is nominal effective exchange rate (neer), index (2010=100) weighted in Latvia?
- Nominal effective exchange rate (neer), index (2010=100) weighted in Latvia was 120.83 in 2025, according to International Monetary Fund.
- What is the highest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Latvia?
- The highest recorded value was 120.83 in 2025.
- What is the lowest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Latvia?
- The lowest recorded value was 28.84 in 1993.
- How does Latvia rank for nominal effective exchange rate (neer), index (2010=100) weighted?
- Latvia ranks 32nd out of 99 countries with data for 2025.
- Is nominal effective exchange rate (neer), index (2010=100) weighted rising or falling in Latvia?
- Over the last ten years it is up 12.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Nominal effective exchange rate (NEER), Index (2010=100) Weighted index. Statizoid updates them automatically from the source API.
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About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).