Iceland vs Latvia: Annual Purchasing Power Parities and exchange rates — Purchasing
Annual Purchasing Power Parities and exchange rates — Purchasing over time
- Iceland
- Latvia
How they compare
Iceland currently reports 166.6 National currency per US dollar against 0.5521 National currency per US dollar in Latvia, a difference of 166.05 National currency per US dollar.
That makes Iceland's figure about 301.7 times Latvia's.
Across all 32 years both countries report, Iceland has been ahead every year.
Iceland ranks 9th and Latvia ranks 9th of 53 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 81.71 National currency per US dollar | 0.3721 National currency per US dollar | 81.34 National currency per US dollar | Iceland |
| 2000s | 105.73 National currency per US dollar | 0.5003 National currency per US dollar | 105.23 National currency per US dollar | Iceland |
| 2010s | 151.57 National currency per US dollar | 0.5671 National currency per US dollar | 151 National currency per US dollar | Iceland |
| 2020s | 155.9 National currency per US dollar | 0.5375 National currency per US dollar | 155.36 National currency per US dollar | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher annual purchasing power parities and exchange rates — purchasing, Iceland or Latvia?
- Iceland, at 166.6 National currency per US dollar against 0.5521 National currency per US dollar in Latvia as of 2025.
- What is the difference in annual purchasing power parities and exchange rates — purchasing between Iceland and Latvia?
- 166.05 National currency per US dollar, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 32 years are reported by both, from 1994 to 2025.
- How do Iceland and Latvia rank globally for annual purchasing power parities and exchange rates — purchasing?
- Iceland ranks 9th and Latvia ranks 9th of 53 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Annual Purchasing Power Parities and exchange rates — Purchasing Power Parities for household final consumption expenditure. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This table shows annual Purchasing Power Parities (PPPs) for Gross Domestic Product (GDP), household final consumption expenditure and actual individual consumption. It also shows exchange rates (annual averages and end of period), sourced from the International Monetary Fund's database on International Financial Statistics. Final consumption expenditure is the expenditure of resident households on consumption goods or services, while individual consumption is the sum of household consumption plus the individual (not collective) consumption of the non-profit institutions serving households (NPISH) and General Government sectors. These indicators were presented in the previous dissemination system in the SNA_TABLE4 dataset. For further information on (PPPs) please check the following link: Purchasing Power Parities and more precisely FAQ 2: Purchasing power parities OECD statistics contact: STAT.Contact@oecd.org