Ppp conversion factor for private consumption in Latvia
Latvia: Ppp conversion factor for private consumption was 0.5521 in 2025. ▲ Rising
Ppp conversion factor for private consumption in Latvia, 1991–2025
Source: Our World in Data.
Analysis
The most recent figure for ppp conversion factor for private consumption in Latvia is 0.5521, 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 in 2008 and was at its lowest, 0.0106, 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 | Value | Change |
|---|---|---|
| 1991 | 0.0106 | — |
| 1992 | 0.1082 | +920.8% |
| 1993 | 0.2197 | +103.0% |
| 1994 | 0.291 | +32.5% |
| 1995 | 0.3371 | +15.8% |
| 1996 | 0.3764 | +11.7% |
| 1997 | 0.3982 | +5.8% |
| 1998 | 0.4125 | +3.6% |
| 1999 | 0.4175 | +1.2% |
| 2000 | 0.4127 | -1.1% |
| 2001 | 0.4028 | -2.4% |
| 2002 | 0.4123 | +2.3% |
| 2003 | 0.4325 | +4.9% |
| 2004 | 0.4557 | +5.4% |
| 2005 | 0.4925 | +8.1% |
| 2006 | 0.5443 | +10.5% |
| 2007 | 0.5997 | +10.2% |
| 2008 | 0.641 | +6.9% |
| 2009 | 0.61 | -4.8% |
| 2010 | 0.5664 | -7.1% |
| 2011 | 0.5778 | +2.0% |
| 2012 | 0.5805 | +0.5% |
| 2013 | 0.5642 | -2.8% |
| 2014 | 0.5697 | +1.0% |
| 2015 | 0.5693 | -0.1% |
| 2016 | 0.5611 | -1.4% |
| 2017 | 0.562 | +0.2% |
| 2018 | 0.5659 | +0.7% |
| 2019 | 0.5545 | -2.0% |
| 2020 | 0.5509 | -0.7% |
| 2021 | 0.5207 | -5.5% |
| 2022 | 0.536 | +2.9% |
| 2023 | 0.5325 | -0.6% |
| 2024 | 0.5331 | +0.1% |
| 2025 | 0.5521 | +3.6% |
Latvia compared with similar countries
- Latvia's 0.5521 is below the median for high income countries, which is 1.11, 50% of the median. (77 countries reporting)
- Latvia's 0.5521 is below the median for Europe & Central Asia, which is 0.8608, 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 | 0.1082 |
| 1993 | +103.0% | 0.1082 | 0.2197 |
| 1994 | +32.5% | 0.2197 | 0.291 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2857 | 0.0106 | 0.4175 | 9 |
| 2000s | 0.5003 | 0.4028 | 0.641 | 10 |
| 2010s | 0.5671 | 0.5545 | 0.5805 | 10 |
| 2020s | 0.5375 | 0.5207 | 0.5521 | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units 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 in 2025, according to Our World in Data.
- What is the highest ppp conversion factor for private consumption recorded in Latvia?
- The highest recorded value was 0.641 in 2008.
- What is the lowest ppp conversion factor for private consumption recorded in Latvia?
- The lowest recorded value was 0.0106 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 Our World in Data, published as part of Ppp conversion factor for private consumption. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Our World in Data).