Standardised house price-to-income ratio - annual data in Latvia
Latvia: Standardised house price-to-income ratio - annual data was -3.8 Annual average rate of change in 2024. ◆ Volatile
Latest (2024)
-3.8 Annual average rate of change
Change on year
down 81.0%
World rank
26th
of 35 countries
All-time high
36.7 Annual average rate of change
in 2005
All-time low
-26 Annual average rate of change
in 2009
Years of data
24
2001–2024
Standardised house price-to-income ratio - annual data in Latvia, 2001–2024
Source: Eurostat. Measured in Annual average rate of change.
Analysis
The most recent figure for standardised house price-to-income ratio - annual data in Latvia is -3.8 Annual average rate of change, measured in 2024.
Compared with earlier readings it is down 81.0% on the previous year and down 1,050.0% over ten years.
Over the whole period, standardised house price-to-income ratio - annual data in Latvia peaked at 36.7 Annual average rate of change in 2005 and was at its lowest, -26 Annual average rate of change, in 2009.
That places Latvia 26th out of 35 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Standardised house price-to-income ratio - annual data in Latvia, year by year
| Year | Annual average rate of change | Change |
|---|---|---|
| 2001 | -7.3 Annual average rate of change | — |
| 2002 | 29.1 Annual average rate of change | -498.6% |
| 2003 | 7.5 Annual average rate of change | -74.2% |
| 2004 | -14.1 Annual average rate of change | -288.0% |
| 2005 | 36.7 Annual average rate of change | -360.3% |
| 2006 | -8 Annual average rate of change | -121.8% |
| 2007 | 10.5 Annual average rate of change | -231.2% |
| 2008 | -15.9 Annual average rate of change | -251.4% |
| 2009 | -26 Annual average rate of change | +63.5% |
| 2010 | -7 Annual average rate of change | -73.1% |
| 2011 | 7.8 Annual average rate of change | -211.4% |
| 2012 | -4.4 Annual average rate of change | -156.4% |
| 2013 | 2.2 Annual average rate of change | -150.0% |
| 2014 | 0.4 Annual average rate of change | -81.8% |
| 2015 | -9.3 Annual average rate of change | -2425.0% |
| 2016 | 2.2 Annual average rate of change | -123.7% |
| 2017 | 1 Annual average rate of change | -54.5% |
| 2018 | 0.9 Annual average rate of change | -10.0% |
| 2019 | 2.1 Annual average rate of change | +133.3% |
| 2020 | 0.9 Annual average rate of change | -57.1% |
| 2021 | 0.7 Annual average rate of change | -22.2% |
| 2022 | 3.7 Annual average rate of change | +428.6% |
| 2023 | -2.1 Annual average rate of change | -156.8% |
| 2024 | -3.8 Annual average rate of change | +81.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.39 Annual average rate of change | -26 Annual average rate of change | 36.7 Annual average rate of change | 9 |
| 2010s | -0.41 Annual average rate of change | -9.3 Annual average rate of change | 7.8 Annual average rate of change | 10 |
| 2020s | -0.12 Annual average rate of change | -3.8 Annual average rate of change | 3.7 Annual average rate of change | 5 |
Countries ranked near Latvia
- 23 Sweden -3.1 Annual average rate of change compare
- 24 Slovakia -3.5 Annual average rate of change compare
- 24 Slovakia -3.5 Annual average rate of change compare
- 26 Latvia -3.8 Annual average rate of change compare
- 28 Malta -4.4 Annual average rate of change compare
- 29 Finland -4.7 Annual average rate of change compare
More economy & growth data for Latvia
- Imports of goods and services (constant 2015 US$), annual growth rate 5.72 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.5233 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 13,770 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -219.63 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -206.16 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.48 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0355 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 933.65 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -3.16 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0183 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is standardised house price-to-income ratio - annual data in Latvia?
- Standardised house price-to-income ratio - annual data in Latvia was -3.8 Annual average rate of change in 2024, according to Eurostat.
- What is the highest standardised house price-to-income ratio - annual data recorded in Latvia?
- The highest recorded value was 36.7 Annual average rate of change in 2005.
- What is the lowest standardised house price-to-income ratio - annual data recorded in Latvia?
- The lowest recorded value was -26 Annual average rate of change in 2009.
- How does Latvia rank for standardised house price-to-income ratio - annual data?
- Latvia ranks 26th out of 35 countries with data for 2024.
- Is standardised house price-to-income ratio - annual data rising or falling in Latvia?
- Over the last ten years it is down 1,050.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Standardised house price-to-income ratio - annual data. Statizoid updates them automatically from the source API.
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