Price level index in Latvia
Latvia: Price level index was 57.03 GDP in 2025. ▲ Rising
Price level index in Latvia, 1995–2025
Source: World Development Indicators, World Bank (WB). Measured in GDP.
Analysis
In 2025, price level index in Latvia stood at 57.03 GDP.
Compared with earlier readings it is up 6.1% on the previous year and down 3.5% over ten years.
Over the whole period, price level index in Latvia peaked at 89.88 GDP in 2008 and was at its lowest, 39.79 GDP, in 2001.
Latvia ranks 72nd of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Price level index in Latvia, year by year
| Year | GDP | Change |
|---|---|---|
| 1995 | 41.86 GDP | — |
| 1996 | 41.49 GDP | -0.9% |
| 1997 | 41 GDP | -1.2% |
| 1998 | 41.8 GDP | +2.0% |
| 1999 | 42.22 GDP | +1.0% |
| 2000 | 41.77 GDP | -1.1% |
| 2001 | 39.79 GDP | -4.7% |
| 2002 | 41.84 GDP | +5.2% |
| 2003 | 48.21 GDP | +15.2% |
| 2004 | 53.98 GDP | +12.0% |
| 2005 | 56.79 GDP | +5.2% |
| 2006 | 64.96 GDP | +14.4% |
| 2007 | 82.31 GDP | +26.7% |
| 2008 | 89.88 GDP | +9.2% |
| 2009 | 77.17 GDP | -14.1% |
| 2010 | 68.33 GDP | -11.5% |
| 2011 | 72.98 GDP | +6.8% |
| 2012 | 68.65 GDP | -5.9% |
| 2013 | 70.75 GDP | +3.1% |
| 2014 | 70.46 GDP | -0.4% |
| 2015 | 59.09 GDP | -16.1% |
| 2016 | 57.51 GDP | -2.7% |
| 2017 | 58.74 GDP | +2.1% |
| 2018 | 57.86 GDP | -1.5% |
| 2019 | 53.71 GDP | -7.2% |
| 2020 | 53.65 GDP | -0.1% |
| 2021 | 54.89 GDP | +2.3% |
| 2022 | 49.87 GDP | -9.1% |
| 2023 | 53.08 GDP | +6.4% |
| 2024 | 53.74 GDP | +1.2% |
| 2025 | 57.03 GDP | +6.1% |
Latvia compared with similar countries
- Latvia's 57.03 GDP is below the median for high income countries, which is 68.77 GDP, 83% of the median. (74 countries reporting)
- Latvia's 57.03 GDP is below the median for Europe & Central Asia, which is 57.99 GDP, 98% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 41.68 GDP | 41 GDP | 42.22 GDP | 5 |
| 2000s | 59.67 GDP | 39.79 GDP | 89.88 GDP | 10 |
| 2010s | 63.81 GDP | 53.71 GDP | 72.98 GDP | 10 |
| 2020s | 53.71 GDP | 49.87 GDP | 57.03 GDP | 6 |
Countries ranked near Latvia
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 price level index in Latvia?
- Price level index in Latvia was 57.03 GDP in 2025, according to World Development Indicators, World Bank (WB).
- What is the highest price level index recorded in Latvia?
- The highest recorded value was 89.88 GDP in 2008.
- What is the lowest price level index recorded in Latvia?
- The lowest recorded value was 39.79 GDP in 2001.
- How does Latvia rank for price level index?
- Latvia ranks 72nd out of 204 countries with data for 2025.
- Is price level index rising or falling in Latvia?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Price level index (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.