PPP conversion factor for private consumption in Latvia
Latvia: PPP conversion factor for private consumption was 0.5521 LCU per international $ in 2025. ▲ Rising
Latest (2025)
0.5521 LCU per international $
Change on year
up 3.6%
World rank
188th
of 204 countries
All-time high
0.641 LCU per international $
in 2008
All-time low
0.0106 LCU per international $
in 1991
Years of data
35
1991–2025
PPP conversion factor for private consumption in Latvia, 1991–2025
Source: ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data. Measured in LCU per international $.
Analysis
The most recent figure for ppp conversion factor for private consumption in Latvia is 0.5521 LCU per international $, measured in 2025.
That represents a change of up 3.6% on the previous year and down 3.0% over ten years.
Over the whole period, ppp conversion factor for private consumption in Latvia peaked at 0.641 LCU per international $ in 2008 and was at its lowest, 0.0106 LCU per international $, in 1991.
That places Latvia 188th out of 204 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
PPP conversion factor for private consumption in Latvia, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1991 | 0.0106 LCU per international $ | — |
| 1992 | 0.1082 LCU per international $ | +920.8% |
| 1993 | 0.2197 LCU per international $ | +103.0% |
| 1994 | 0.291 LCU per international $ | +32.5% |
| 1995 | 0.3371 LCU per international $ | +15.8% |
| 1996 | 0.3764 LCU per international $ | +11.7% |
| 1997 | 0.3982 LCU per international $ | +5.8% |
| 1998 | 0.4125 LCU per international $ | +3.6% |
| 1999 | 0.4175 LCU per international $ | +1.2% |
| 2000 | 0.4127 LCU per international $ | -1.1% |
| 2001 | 0.4028 LCU per international $ | -2.4% |
| 2002 | 0.4123 LCU per international $ | +2.3% |
| 2003 | 0.4325 LCU per international $ | +4.9% |
| 2004 | 0.4557 LCU per international $ | +5.4% |
| 2005 | 0.4925 LCU per international $ | +8.1% |
| 2006 | 0.5443 LCU per international $ | +10.5% |
| 2007 | 0.5997 LCU per international $ | +10.2% |
| 2008 | 0.641 LCU per international $ | +6.9% |
| 2009 | 0.61 LCU per international $ | -4.8% |
| 2010 | 0.5664 LCU per international $ | -7.1% |
| 2011 | 0.5778 LCU per international $ | +2.0% |
| 2012 | 0.5805 LCU per international $ | +0.5% |
| 2013 | 0.5642 LCU per international $ | -2.8% |
| 2014 | 0.5697 LCU per international $ | +1.0% |
| 2015 | 0.5693 LCU per international $ | -0.1% |
| 2016 | 0.5611 LCU per international $ | -1.4% |
| 2017 | 0.562 LCU per international $ | +0.2% |
| 2018 | 0.5659 LCU per international $ | +0.7% |
| 2019 | 0.5545 LCU per international $ | -2.0% |
| 2020 | 0.5509 LCU per international $ | -0.7% |
| 2021 | 0.5207 LCU per international $ | -5.5% |
| 2022 | 0.536 LCU per international $ | +2.9% |
| 2023 | 0.5325 LCU per international $ | -0.6% |
| 2024 | 0.5331 LCU per international $ | +0.1% |
| 2025 | 0.5521 LCU per international $ | +3.6% |
Latvia compared with similar countries
- Latvia's 0.5521 LCU per international $ is below the median for high income countries, which is 1.11 LCU per international $, 50% of the median. (77 countries reporting)
- Latvia's 0.5521 LCU per international $ is below the median for Europe & Central Asia, which is 0.8608 LCU per international $, 64% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor for private consumption in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +920.8% | 0.0106 LCU per international $ | 0.1082 LCU per international $ |
| 1993 | +103.0% | 0.1082 LCU per international $ | 0.2197 LCU per international $ |
| 1994 | +32.5% | 0.2197 LCU per international $ | 0.291 LCU per international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2857 LCU per international $ | 0.0106 LCU per international $ | 0.4175 LCU per international $ | 9 |
| 2000s | 0.5003 LCU per international $ | 0.4028 LCU per international $ | 0.641 LCU per international $ | 10 |
| 2010s | 0.5671 LCU per international $ | 0.5545 LCU per international $ | 0.5805 LCU per international $ | 10 |
| 2020s | 0.5375 LCU per international $ | 0.5207 LCU per international $ | 0.5521 LCU per international $ | 6 |
Countries ranked near Latvia
- 185 Greece 0.5801 LCU per international $ compare
- 186 Portugal 0.5747 LCU per international $ compare
- 187 Slovakia 0.5657 LCU per international $ compare
- 189 Lithuania 0.5496 LCU per international $ compare
- 190 Azerbaijan 0.5429 LCU per international $ compare
- 191 Liberia 0.5335 LCU per international $ compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is ppp conversion factor for private consumption in Latvia?
- Ppp conversion factor for private consumption in Latvia was 0.5521 LCU per international $ in 2025, according to ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data.
- What is the highest ppp conversion factor for private consumption recorded in Latvia?
- The highest recorded value was 0.641 LCU per international $ in 2008.
- What is the lowest ppp conversion factor for private consumption recorded in Latvia?
- The lowest recorded value was 0.0106 LCU per international $ in 1991.
- How does Latvia rank for ppp conversion factor for private consumption?
- Latvia ranks 188th out of 204 countries with data for 2025.
- Is ppp conversion factor for private consumption rising or falling in Latvia?
- Over the last ten years it is down 3.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from ICP, Eurostat PPP Programme, and OECD PPP Programme, via World Bank (2026) – processed by Our World in Data, published as part of PPP conversion factor for private consumption. Statizoid updates them automatically from the source API.
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