Purchasing power: based on COICOP 1999 in Latvia
Latvia: Purchasing power: based on COICOP 1999 was 0.7708 in 2024. ▲ Rising
Latest (2024)
0.7708
Change on year
down 0.3%
World rank
47th
of 51 countries
All-time high
0.7732
in 2023
All-time low
0.3535
in 1995
Years of data
30
1995–2024
Purchasing power parities, price level indices, nominal and real in Latvia, 1995–2024
Source: Eurostat.
Analysis
The most recent figure for purchasing power parities, price level indices, nominal and real in Latvia is 0.7708, measured in 2024.
That represents a change of down 0.3% on the previous year and up 11.0% over ten years.
Over the whole period, purchasing power parities, price level indices, nominal and real in Latvia peaked at 0.7732 in 2023 and was at its lowest, 0.3535, in 1995.
That places Latvia 47th out of 51 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Purchasing power: based on COICOP 1999 in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.3535 | — |
| 1996 | 0.3871 | +9.5% |
| 1997 | 0.4086 | +5.5% |
| 1998 | 0.4243 | +3.8% |
| 1999 | 0.424 | -0.1% |
| 2000 | 0.4343 | +2.4% |
| 2001 | 0.4268 | -1.7% |
| 2002 | 0.4403 | +3.1% |
| 2003 | 0.4606 | +4.6% |
| 2004 | 0.4887 | +6.1% |
| 2005 | 0.5354 | +9.6% |
| 2006 | 0.6149 | +14.8% |
| 2007 | 0.7165 | +16.5% |
| 2008 | 0.7416 | +3.5% |
| 2009 | 0.69 | -7.0% |
| 2010 | 0.6435 | -6.7% |
| 2011 | 0.669 | +4.0% |
| 2012 | 0.6855 | +2.5% |
| 2013 | 0.6917 | +0.9% |
| 2014 | 0.6942 | +0.4% |
| 2015 | 0.692 | -0.3% |
| 2016 | 0.6975 | +0.8% |
| 2017 | 0.7054 | +1.1% |
| 2018 | 0.7226 | +2.4% |
| 2019 | 0.7378 | +2.1% |
| 2020 | 0.7353 | -0.3% |
| 2021 | 0.7276 | -1.0% |
| 2022 | 0.7669 | +5.4% |
| 2023 | 0.7732 | +0.8% |
| 2024 | 0.7708 | -0.3% |
Latvia compared with similar countries
- Latvia's 0.7708 is below the median for Europe & Central Asia, which is 1.15, 67% of the median. (35 countries reporting)
- Latvia's 0.7708 is below the median for high income countries, which is 1.15, 67% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3995 | 0.3535 | 0.4243 | 5 |
| 2000s | 0.5549 | 0.4268 | 0.7416 | 10 |
| 2010s | 0.6939 | 0.6435 | 0.7378 | 10 |
| 2020s | 0.7548 | 0.7276 | 0.7732 | 5 |
Countries ranked near Latvia
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 purchasing power parities, price level indices, nominal and real in Latvia?
- Purchasing power parities, price level indices, nominal and real in Latvia was 0.7708 in 2024, according to Eurostat.
- What is the highest purchasing power parities, price level indices, nominal and real recorded in Latvia?
- The highest recorded value was 0.7732 in 2023.
- What is the lowest purchasing power parities, price level indices, nominal and real recorded in Latvia?
- The lowest recorded value was 0.3535 in 1995.
- How does Latvia rank for purchasing power parities, price level indices, nominal and real?
- Latvia ranks 47th out of 51 countries with data for 2024.
- Is purchasing power parities, price level indices, nominal and real rising or falling in Latvia?
- Over the last ten years it is up 11.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Purchasing power parities, price level indices, nominal and real expenditures by analytical categories - based on COICOP 1999. Statizoid updates them automatically from the source API.
Download this data
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