PPP conversion factor, private consumption (LCU per international $) in Latvia
Latvia: PPP conversion factor, private consumption (LCU per international $) was 0.5449 LCU per international $ in 2024. ▲ Rising
Latest (2024)
0.5449 LCU per international $
Change on year
down 3.4%
World rank
189th
of 204 countries
All-time high
0.641 LCU per international $
in 2008
All-time low
0.0106 LCU per international $
in 1991
Years of data
34
1991–2024
PPP conversion factor, private consumption in Latvia, 1991–2024
Source: UNESCO Institute for Statistics. Measured in LCU per international $.
Analysis
The most recent figure for ppp conversion factor, private consumption in Latvia is 0.5449 LCU per international $, measured in 2024.
That represents a change of down 3.4% on the previous year and down 4.4% over ten years.
Over the whole period, ppp conversion factor, private consumption in Latvia peaked at 0.641 LCU per international $ in 2008 and was at its lowest, 0.0106 LCU per international $, in 1991.
That places Latvia 189th out of 204 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
PPP conversion factor, private consumption (LCU per international $) in Latvia, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 1991 | 0.0106 LCU per international $ | — |
| 1992 | 0.1082 LCU per international $ | +920.8% |
| 1993 | 0.2197 LCU per international $ | +103.0% |
| 1994 | 0.291 LCU per international $ | +32.5% |
| 1995 | 0.3372 LCU per international $ | +15.9% |
| 1996 | 0.3765 LCU per international $ | +11.6% |
| 1997 | 0.398 LCU per international $ | +5.7% |
| 1998 | 0.4124 LCU per international $ | +3.6% |
| 1999 | 0.4175 LCU per international $ | +1.2% |
| 2000 | 0.4127 LCU per international $ | -1.1% |
| 2001 | 0.4029 LCU per international $ | -2.4% |
| 2002 | 0.4123 LCU per international $ | +2.3% |
| 2003 | 0.4323 LCU per international $ | +4.9% |
| 2004 | 0.4555 LCU per international $ | +5.4% |
| 2005 | 0.4925 LCU per international $ | +8.1% |
| 2006 | 0.5442 LCU per international $ | +10.5% |
| 2007 | 0.5997 LCU per international $ | +10.2% |
| 2008 | 0.641 LCU per international $ | +6.9% |
| 2009 | 0.6106 LCU per international $ | -4.7% |
| 2010 | 0.566 LCU per international $ | -7.3% |
| 2011 | 0.5778 LCU per international $ | +2.1% |
| 2012 | 0.5805 LCU per international $ | +0.5% |
| 2013 | 0.5643 LCU per international $ | -2.8% |
| 2014 | 0.5697 LCU per international $ | +1.0% |
| 2015 | 0.5693 LCU per international $ | -0.1% |
| 2016 | 0.5611 LCU per international $ | -1.4% |
| 2017 | 0.562 LCU per international $ | +0.2% |
| 2018 | 0.5659 LCU per international $ | +0.7% |
| 2019 | 0.5545 LCU per international $ | -2.0% |
| 2020 | 0.5509 LCU per international $ | -0.7% |
| 2021 | 0.5207 LCU per international $ | -5.5% |
| 2022 | 0.5435 LCU per international $ | +4.4% |
| 2023 | 0.5643 LCU per international $ | +3.8% |
| 2024 | 0.5449 LCU per international $ | -3.4% |
Latvia compared with similar countries
- Latvia's 0.5449 LCU per international $ is below the median for high income countries, which is 1.11 LCU per international $, 49% of the median. (77 countries reporting)
- Latvia's 0.5449 LCU per international $ is below the median for Europe & Central Asia, which is 0.856 LCU per international $, 64% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where PPP conversion factor, private consumption (LCU per international $) 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 | +920.8% | 0.0106 LCU per international $ | 0.1082 LCU per international $ |
| 1993 | +103.0% | 0.1082 LCU per international $ | 0.2197 LCU per international $ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2857 LCU per international $ | 0.0106 LCU per international $ | 0.4175 LCU per international $ | 9 |
| 2000s | 0.5004 LCU per international $ | 0.4029 LCU per international $ | 0.641 LCU per international $ | 10 |
| 2010s | 0.5671 LCU per international $ | 0.5545 LCU per international $ | 0.5805 LCU per international $ | 10 |
| 2020s | 0.5448 LCU per international $ | 0.5207 LCU per international $ | 0.5643 LCU per international $ | 5 |
Countries ranked near Latvia
- 186 Portugal 0.5794 LCU per international $ compare
- 187 Greece 0.5727 LCU per international $ compare
- 188 Slovakia 0.5645 LCU per international $ compare
- 190 Lithuania 0.5436 LCU per international $ compare
- 191 Brunei 0.5429 LCU per international $ compare
- 192 Azerbaijan 0.5279 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, private consumption in Latvia?
- Ppp conversion factor, private consumption in Latvia was 0.5449 LCU per international $ in 2024, according to UNESCO Institute for Statistics.
- What is the highest ppp conversion factor, private consumption recorded in Latvia?
- The highest recorded value was 0.641 LCU per international $ in 2008.
- What is the lowest ppp conversion factor, private consumption recorded in Latvia?
- The lowest recorded value was 0.0106 LCU per international $ in 1991.
- How does Latvia rank for ppp conversion factor, private consumption?
- Latvia ranks 189th out of 204 countries with data for 2024.
- Is ppp conversion factor, private consumption rising or falling in Latvia?
- Over the last ten years it is down 4.4%. 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, private consumption (LCU per international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release