GDP price levels relative to the US in Latvia
Latvia: GDP price levels relative to the US was 0.5374 in 2024. ▲ Rising
GDP price levels relative to the US in Latvia, 1995–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
Latvia recorded 0.5374 for gdp price levels relative to the us in 2024.
Compared with earlier readings it is up 1.2% on the previous year and down 23.7% over ten years.
Over the whole period, gdp price levels relative to the us in Latvia peaked at 0.8988 in 2008 and was at its lowest, 0.3979, in 2001.
Latvia ranks 76th of 202 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
GDP price levels relative to the US in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.4186 | — |
| 1996 | 0.4149 | -0.9% |
| 1997 | 0.41 | -1.2% |
| 1998 | 0.418 | +2.0% |
| 1999 | 0.4222 | +1.0% |
| 2000 | 0.4177 | -1.1% |
| 2001 | 0.3979 | -4.7% |
| 2002 | 0.4184 | +5.2% |
| 2003 | 0.4821 | +15.2% |
| 2004 | 0.5398 | +12.0% |
| 2005 | 0.5679 | +5.2% |
| 2006 | 0.6496 | +14.4% |
| 2007 | 0.8231 | +26.7% |
| 2008 | 0.8988 | +9.2% |
| 2009 | 0.7717 | -14.1% |
| 2010 | 0.6833 | -11.5% |
| 2011 | 0.7298 | +6.8% |
| 2012 | 0.6865 | -5.9% |
| 2013 | 0.7075 | +3.1% |
| 2014 | 0.7046 | -0.4% |
| 2015 | 0.5909 | -16.1% |
| 2016 | 0.5751 | -2.7% |
| 2017 | 0.5874 | +2.1% |
| 2018 | 0.5786 | -1.5% |
| 2019 | 0.5371 | -7.2% |
| 2020 | 0.5365 | -0.1% |
| 2021 | 0.5489 | +2.3% |
| 2022 | 0.4987 | -9.1% |
| 2023 | 0.5308 | +6.4% |
| 2024 | 0.5374 | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4168 | 0.41 | 0.4222 | 5 |
| 2000s | 0.5967 | 0.3979 | 0.8988 | 10 |
| 2010s | 0.6381 | 0.5371 | 0.7298 | 10 |
| 2020s | 0.5305 | 0.4987 | 0.5489 | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.6715 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 17,669 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.96 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.5943 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 15,636 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 5.72 % change on previous year (2025)
Frequently asked questions
- What is gdp price levels relative to the us in Latvia?
- Gdp price levels relative to the us in Latvia was 0.5374 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in Latvia?
- The highest recorded value was 0.8988 in 2008.
- What is the lowest gdp price levels relative to the us recorded in Latvia?
- The lowest recorded value was 0.3979 in 2001.
- How does Latvia rank for gdp price levels relative to the us?
- Latvia ranks 76th out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in Latvia?
- Over the last ten years it is down 23.7%. 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 (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
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About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.