PPP conversion factor, GDP (LCU per international $) (International) in Latvia
Latvia: PPP conversion factor, GDP (LCU per international $) (International) was 0.5047 LCU per international $ in 2025. ▲ Rising
PPP conversion factor, GDP in Latvia, 1990–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
The most recent figure for ppp conversion factor, gdp in Latvia is 0.5047 LCU per international $, measured in 2025.
The figure is up 1.6% on the previous year and down 5.2% over ten years.
Over the whole period, ppp conversion factor, gdp in Latvia peaked at 0.6148 LCU per international $ in 2008 and was at its lowest, 0.0047 LCU per international $, in 1990.
Latvia ranks 188th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
PPP conversion factor, GDP (LCU per international $) (International) in Latvia, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1990 | 0.0047 LCU per international $ | — |
| 1991 | 0.012 LCU per international $ | +154.0% |
| 1992 | 0.1213 LCU per international $ | +909.5% |
| 1993 | 0.1822 LCU per international $ | +50.1% |
| 1994 | 0.243 LCU per international $ | +33.4% |
| 1995 | 0.2935 LCU per international $ | +20.8% |
| 1996 | 0.3251 LCU per international $ | +10.8% |
| 1997 | 0.3389 LCU per international $ | +4.2% |
| 1998 | 0.3509 LCU per international $ | +3.5% |
| 1999 | 0.3516 LCU per international $ | +0.2% |
| 2000 | 0.3604 LCU per international $ | +2.5% |
| 2001 | 0.3555 LCU per international $ | -1.4% |
| 2002 | 0.368 LCU per international $ | +3.5% |
| 2003 | 0.392 LCU per international $ | +6.5% |
| 2004 | 0.4149 LCU per international $ | +5.8% |
| 2005 | 0.4563 LCU per international $ | +10.0% |
| 2006 | 0.518 LCU per international $ | +13.5% |
| 2007 | 0.6017 LCU per international $ | +16.2% |
| 2008 | 0.6148 LCU per international $ | +2.2% |
| 2009 | 0.5552 LCU per international $ | -9.7% |
| 2010 | 0.5159 LCU per international $ | -7.1% |
| 2011 | 0.525 LCU per international $ | +1.7% |
| 2012 | 0.5343 LCU per international $ | +1.8% |
| 2013 | 0.5328 LCU per international $ | -0.3% |
| 2014 | 0.5303 LCU per international $ | -0.5% |
| 2015 | 0.5326 LCU per international $ | +0.4% |
| 2016 | 0.5195 LCU per international $ | -2.5% |
| 2017 | 0.5199 LCU per international $ | +0.1% |
| 2018 | 0.4899 LCU per international $ | -5.8% |
| 2019 | 0.4798 LCU per international $ | -2.1% |
| 2020 | 0.4697 LCU per international $ | -2.1% |
| 2021 | 0.4641 LCU per international $ | -1.2% |
| 2022 | 0.4736 LCU per international $ | +2.0% |
| 2023 | 0.4909 LCU per international $ | +3.7% |
| 2024 | 0.4965 LCU per international $ | +1.1% |
| 2025 | 0.5047 LCU per international $ | +1.6% |
Latvia compared with similar countries
- Latvia's 0.5047 LCU per international $ is below the median for high income countries, which is 1 LCU per international $, 50% of the median. (75 countries reporting)
- Latvia's 0.5047 LCU per international $ is below the median for Europe & Central Asia, which is 0.8325 LCU per international $, 61% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor, GDP (LCU per international $) (International) 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 | +909.5% | 0.012 LCU per international $ | 0.1213 LCU per international $ |
| 1991 | +154.0% | 0.0047 LCU per international $ | 0.012 LCU per international $ |
| 1993 | +50.1% | 0.1213 LCU per international $ | 0.1822 LCU per international $ |
| 1994 | +33.4% | 0.1822 LCU per international $ | 0.243 LCU per international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2223 LCU per international $ | 0.0047 LCU per international $ | 0.3516 LCU per international $ | 10 |
| 2000s | 0.4637 LCU per international $ | 0.3555 LCU per international $ | 0.6148 LCU per international $ | 10 |
| 2010s | 0.518 LCU per international $ | 0.4798 LCU per international $ | 0.5343 LCU per international $ | 10 |
| 2020s | 0.4833 LCU per international $ | 0.4641 LCU per international $ | 0.5047 LCU per international $ | 6 |
Countries ranked near Latvia
- 185 Greece 0.5269 LCU per international $ compare
- 186 Lithuania 0.5132 LCU per international $ compare
- 187 Slovakia 0.5123 LCU per international $ compare
- 189 Azerbaijan 0.4825 LCU per international $ compare
- 190 Croatia 0.4708 LCU per international $ compare
- 191 Liberia 0.462 LCU per international $ compare
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, gdp in Latvia?
- Ppp conversion factor, gdp in Latvia was 0.5047 LCU per international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, gdp recorded in Latvia?
- The highest recorded value was 0.6148 LCU per international $ in 2008.
- What is the lowest ppp conversion factor, gdp recorded in Latvia?
- The lowest recorded value was 0.0047 LCU per international $ in 1990.
- How does Latvia rank for ppp conversion factor, gdp?
- Latvia ranks 188th out of 205 countries with data for 2025.
- Is ppp conversion factor, gdp rising or falling in Latvia?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.