PPP conversion factor, households and NPISHs Final consumption in Latvia
Latvia: PPP conversion factor, households and NPISHs Final consumption was 0.5521 LCU per international $ in 2025. ▲ Rising
PPP conversion factor, households and NPISHs Final consumption in Latvia, 1991–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
Latvia recorded 0.5521 LCU per international $ for ppp conversion factor, households and npishs final consumption in 2025.
The figure is up 3.6% on the previous year and down 3.0% over ten years.
Over the whole period, ppp conversion factor, households and npishs final 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 206 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, households and NPISHs Final 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 0.8486 LCU per international $, 65% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor, households and NPISHs Final 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, households and npishs final consumption in Latvia?
- Ppp conversion factor, households and npishs final consumption in Latvia was 0.5521 LCU per international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, households and npishs final consumption recorded in Latvia?
- The highest recorded value was 0.641 LCU per international $ in 2008.
- What is the lowest ppp conversion factor, households and npishs final consumption recorded in Latvia?
- The lowest recorded value was 0.0106 LCU per international $ in 1991.
- How does Latvia rank for ppp conversion factor, households and npishs final consumption?
- Latvia ranks 188th out of 206 countries with data for 2025.
- Is ppp conversion factor, households and npishs final 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 International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They 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 households and NPISHs Final consumption expenditure and the base currency is the US dollar.