PPP conversion factor for private consumption in Latvia
Latvia: PPP conversion factor for private consumption was 0.5521 LCU per international $ in 2025. ▲ Rising
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 185th out of 201 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.
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
- 182 Greece 0.5801 LCU per international $ compare
- 183 Portugal 0.5747 LCU per international $ compare
- 184 Slovakia 0.5657 LCU per international $ compare
- 186 Lithuania 0.5496 LCU per international $ compare
- 187 Azerbaijan 0.5429 LCU per international $ compare
- 188 Liberia 0.5335 LCU per international $ compare
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (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 185th out of 201 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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