Final consumption expenditure in Latvia
Latvia: Final consumption expenditure was 25.02 billion constant 2015 US$ in 2025. ▲ Rising
Final consumption expenditure in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, final consumption expenditure in Latvia stood at 25.02 billion constant 2015 US$. That is the highest value across all 31 years on record.
That represents a change of up 2.4% on the previous year and up 23.3% over ten years.
Over the whole period, final consumption expenditure in Latvia peaked at 25.02 billion constant 2015 US$ in 2025 and was at its lowest, 10.68 billion constant 2015 US$, in 1995.
Latvia ranks 101st of 171 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.43 billion constant 2015 US$ | 10.68 billion constant 2015 US$ | 12.20 billion constant 2015 US$ | 5 |
| 2000s | 16.84 billion constant 2015 US$ | 12.30 billion constant 2015 US$ | 22.45 billion constant 2015 US$ | 10 |
| 2010s | 20.15 billion constant 2015 US$ | 17.62 billion constant 2015 US$ | 22.63 billion constant 2015 US$ | 10 |
| 2020s | 23.99 billion constant 2015 US$ | 22.05 billion constant 2015 US$ | 25.02 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 98 Cambodia 27.09 billion constant 2015 US$ compare
- 99 Cyprus 25.23 billion constant 2015 US$ compare
- 100 Bahrain 25.12 billion constant 2015 US$ compare
- 102 Georgia 24.42 billion constant 2015 US$ compare
- 103 Senegal 23.18 billion constant 2015 US$ compare
- 104 Bosnia and Herzegovina 20.98 billion constant 2015 US$ compare
More economy & growth data for Latvia
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
Frequently asked questions
- What is final consumption expenditure in Latvia?
- Final consumption expenditure in Latvia was 25.02 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Latvia?
- The highest recorded value was 25.02 billion constant 2015 US$ in 2025.
- What is the lowest final consumption expenditure recorded in Latvia?
- The lowest recorded value was 10.68 billion constant 2015 US$ in 1995.
- How does Latvia rank for final consumption expenditure?
- Latvia ranks 101st out of 171 countries with data for 2025.
- Is final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 23.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.