Final consumption expenditure in Latvia
Latvia: Final consumption expenditure was 39.15 billion current US$ in 2025. ◆ Volatile
Final consumption expenditure in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Latvia recorded 39.15 billion current US$ for final consumption expenditure in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 11.1% on the previous year and up 92.9% over ten years.
Over the whole period, final consumption expenditure in Latvia peaked at 39.15 billion current US$ in 2025 and was at its lowest, 4.98 billion current US$, in 1995.
Latvia ranks 94th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.64 billion current US$ | 4.98 billion current US$ | 6.41 billion current US$ | 5 |
| 2000s | 13.92 billion current US$ | 6.46 billion current US$ | 26.05 billion current US$ | 10 |
| 2010s | 22.29 billion current US$ | 19.06 billion current US$ | 25.47 billion current US$ | 10 |
| 2020s | 32.29 billion current US$ | 25.51 billion current US$ | 39.15 billion current US$ | 6 |
Countries ranked near Latvia
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 39.15 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Latvia?
- The highest recorded value was 39.15 billion current US$ in 2025.
- What is the lowest final consumption expenditure recorded in Latvia?
- The lowest recorded value was 4.98 billion current US$ in 1995.
- How does Latvia rank for final consumption expenditure?
- Latvia ranks 94th out of 187 countries with data for 2025.
- Is final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 92.9%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.