PPP conversion factor, GDP (LCU per international $) (UNESCO) in Latvia
Latvia: PPP conversion factor, GDP (LCU per international $) (UNESCO) was 0.4921 LCU per international $ in 2024. ▲ Rising
Latest (2024)
0.4921 LCU per international $
Change on year
down 1.9%
World rank
192nd
of 203 countries
All-time high
0.5755 LCU per international $
in 2008
All-time low
0.0047 LCU per international $
in 1990
Years of data
35
1990–2024
PPP conversion factor, GDP in Latvia, 1990–2024
Source: UNESCO Institute for Statistics. Measured in LCU per international $.
Analysis
In 2024, ppp conversion factor, gdp in Latvia stood at 0.4921 LCU per international $.
Compared with earlier readings it is down 1.9% on the previous year and down 1.1% over ten years.
Over the whole period, ppp conversion factor, gdp in Latvia peaked at 0.5755 LCU per international $ in 2008 and was at its lowest, 0.0047 LCU per international $, in 1990.
That places Latvia 192nd out of 203 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
PPP conversion factor, GDP (LCU per international $) (UNESCO) in Latvia, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1990 | 0.0047 LCU per international $ | — |
| 1991 | 0.012 LCU per international $ | +154.1% |
| 1992 | 0.1213 LCU per international $ | +909.4% |
| 1993 | 0.1822 LCU per international $ | +50.1% |
| 1994 | 0.243 LCU per international $ | +33.4% |
| 1995 | 0.2963 LCU per international $ | +21.9% |
| 1996 | 0.3281 LCU per international $ | +10.8% |
| 1997 | 0.3419 LCU per international $ | +4.2% |
| 1998 | 0.3531 LCU per international $ | +3.3% |
| 1999 | 0.3543 LCU per international $ | +0.3% |
| 2000 | 0.3608 LCU per international $ | +1.8% |
| 2001 | 0.3533 LCU per international $ | -2.1% |
| 2002 | 0.3609 LCU per international $ | +2.2% |
| 2003 | 0.3782 LCU per international $ | +4.8% |
| 2004 | 0.3993 LCU per international $ | +5.6% |
| 2005 | 0.4386 LCU per international $ | +9.8% |
| 2006 | 0.4889 LCU per international $ | +11.5% |
| 2007 | 0.5657 LCU per international $ | +15.7% |
| 2008 | 0.5755 LCU per international $ | +1.7% |
| 2009 | 0.5212 LCU per international $ | -9.5% |
| 2010 | 0.4871 LCU per international $ | -6.5% |
| 2011 | 0.4985 LCU per international $ | +2.3% |
| 2012 | 0.5062 LCU per international $ | +1.5% |
| 2013 | 0.4993 LCU per international $ | -1.4% |
| 2014 | 0.4976 LCU per international $ | -0.3% |
| 2015 | 0.4974 LCU per international $ | -0.0% |
| 2016 | 0.4845 LCU per international $ | -2.6% |
| 2017 | 0.4845 LCU per international $ | +0.0% |
| 2018 | 0.4899 LCU per international $ | +1.1% |
| 2019 | 0.4798 LCU per international $ | -2.1% |
| 2020 | 0.4697 LCU per international $ | -2.1% |
| 2021 | 0.4641 LCU per international $ | -1.2% |
| 2022 | 0.4807 LCU per international $ | +3.6% |
| 2023 | 0.5016 LCU per international $ | +4.3% |
| 2024 | 0.4921 LCU per international $ | -1.9% |
Latvia compared with similar countries
- Latvia's 0.4921 LCU per international $ is below the median for high income countries, which is 1 LCU per international $, 49% of the median. (75 countries reporting)
- Latvia's 0.4921 LCU per international $ is below the median for Europe & Central Asia, which is 0.8303 LCU per international $, 59% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor, GDP (LCU per international $) (UNESCO) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +909.4% | 0.012 LCU per international $ | 0.1213 LCU per international $ |
| 1991 | +154.1% | 0.0047 LCU per international $ | 0.012 LCU per international $ |
| 1993 | +50.1% | 0.1213 LCU per international $ | 0.1822 LCU per international $ |
| 1994 | +33.4% | 0.1822 LCU per international $ | 0.243 LCU per international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2237 LCU per international $ | 0.0047 LCU per international $ | 0.3543 LCU per international $ | 10 |
| 2000s | 0.4442 LCU per international $ | 0.3533 LCU per international $ | 0.5755 LCU per international $ | 10 |
| 2010s | 0.4925 LCU per international $ | 0.4798 LCU per international $ | 0.5062 LCU per international $ | 10 |
| 2020s | 0.4816 LCU per international $ | 0.4641 LCU per international $ | 0.5016 LCU per international $ | 5 |
Countries ranked near Latvia
- 189 Lithuania 0.499 LCU per international $ compare
- 190 Brunei 0.496 LCU per international $ compare
- 191 Azerbaijan 0.4935 LCU per international $ compare
- 193 Panama 0.4614 LCU per international $ compare
- 194 Croatia 0.4552 LCU per international $ compare
- 195 Liberia 0.449 LCU per international $ compare
More population data for Latvia
- Population regions with projections, annual growth rate -1.02 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.55 % change on previous year (2050)
- Population long run with projections, annual growth rate -1.02 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.8064 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.481 % change on previous year (2100)
- Population growth rate -1.03 (2100)
- Population density 14.87 (2100)
- Projected population under age 5 31,860 (2100)
- Population growth rate by level of development -1.03 (2100)
- Urbanization vs gdp, annual growth rate 0.2171 % change on previous year (2025)
Frequently asked questions
- What is ppp conversion factor, gdp in Latvia?
- Ppp conversion factor, gdp in Latvia was 0.4921 LCU per international $ in 2024, according to UNESCO Institute for Statistics.
- What is the highest ppp conversion factor, gdp recorded in Latvia?
- The highest recorded value was 0.5755 LCU per international $ in 2008.
- What is the lowest ppp conversion factor, gdp recorded in Latvia?
- The lowest recorded value was 0.0047 LCU per international $ in 1990.
- How does Latvia rank for ppp conversion factor, gdp?
- Latvia ranks 192nd out of 203 countries with data for 2024.
- Is ppp conversion factor, gdp rising or falling in Latvia?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release