Real effective exchange rate (REER), Index (2010=100) Adjusted by in Latvia
Latvia: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 116.92 in 2025. ▲ Rising
Real effective exchange rate (REER), Index (2010=100) Adjusted by in Latvia, 1993–2025
Source: International Monetary Fund.
Analysis
Latvia recorded 116.92 for real effective exchange rate (reer), index (2010=100) adjusted by in 2025. That is the highest value across all 33 years on record.
The figure is up 1.1% on the previous year and up 19.1% over ten years.
Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in Latvia peaked at 116.92 in 2025 and was at its lowest, 60.16, in 1993.
That places Latvia 19th out of 93 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Real effective exchange rate (REER), Index (2010=100) Adjusted by in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 60.16 | — |
| 1994 | 67.63 | +12.4% |
| 1995 | 70.29 | +3.9% |
| 1996 | 69.86 | -0.6% |
| 1997 | 76.1 | +8.9% |
| 1998 | 80.15 | +5.3% |
| 1999 | 88.61 | +10.6% |
| 2000 | 93.66 | +5.7% |
| 2001 | 91.54 | -2.3% |
| 2002 | 89.13 | -2.6% |
| 2003 | 85.02 | -4.6% |
| 2004 | 85.76 | +0.9% |
| 2005 | 83.95 | -2.1% |
| 2006 | 86.42 | +2.9% |
| 2007 | 92.8 | +7.4% |
| 2008 | 102.22 | +10.1% |
| 2009 | 108.01 | +5.7% |
| 2010 | 100 | -7.4% |
| 2011 | 102.07 | +2.1% |
| 2012 | 98.82 | -3.2% |
| 2013 | 98.54 | -0.3% |
| 2014 | 99.91 | +1.4% |
| 2015 | 98.19 | -1.7% |
| 2016 | 99.84 | +1.7% |
| 2017 | 100.52 | +0.7% |
| 2018 | 103.29 | +2.8% |
| 2019 | 103.3 | +0.0% |
| 2020 | 104.44 | +1.1% |
| 2021 | 104.87 | +0.4% |
| 2022 | 109.31 | +4.2% |
| 2023 | 116.53 | +6.6% |
| 2024 | 115.63 | -0.8% |
| 2025 | 116.92 | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 73.26 | 60.16 | 88.61 | 7 |
| 2000s | 91.85 | 83.95 | 108.01 | 10 |
| 2010s | 100.45 | 98.19 | 103.3 | 10 |
| 2020s | 111.28 | 104.44 | 116.92 | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 6.65 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.1654 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 4,351 current LCU per person (2025)
- 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)
Frequently asked questions
- What is real effective exchange rate (reer), index (2010=100) adjusted by in Latvia?
- Real effective exchange rate (reer), index (2010=100) adjusted by in Latvia was 116.92 in 2025, according to International Monetary Fund.
- What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Latvia?
- The highest recorded value was 116.92 in 2025.
- What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Latvia?
- The lowest recorded value was 60.16 in 1993.
- How does Latvia rank for real effective exchange rate (reer), index (2010=100) adjusted by?
- Latvia ranks 19th out of 93 countries with data for 2025.
- Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in Latvia?
- Over the last ten years it is up 19.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Real effective exchange rate (REER), Index (2010=100) Adjusted by relative consumer prices. Statizoid updates them automatically from the source API.
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About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).