Purchasing power parities, price level indices, nominal and real in Latvia
Latvia: Purchasing power parities, price level indices, nominal and real was 0.7708 in 2024. ▲ Rising
Latest (2024)
0.7708
Change on year
down 0.3%
World rank
45th
of 49 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 45th out of 49 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 parities, price level indices, nominal and real 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% |
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
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,979 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1151 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,029 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (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 45th out of 49 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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