Latvia's households and NPISHs final consumption expenditure (current US$) was US$28.01 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 80.65% from US$15.51 billion in 2015 (6.09% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$28.01 billion | 2025 |
| Five years earlier | US$18.51 billion | 2020 |
| Ten years earlier | US$15.51 billion | 2015 |
| Highest | US$28.01 billion | 2025 |
| Lowest | US$3.72 billion | 1995 |
| Average since 2016 | US$21.3 billion | 2016–2025 |
| First recorded | US$3.72 billion |
What the numbers say
In 2025, Latvia's households and NPISHs final consumption expenditure (current US$) rose 9% on 2024 (from US$25.7 billion to US$28.01 billion).
Across the 29 yearly changes before that (1996 to 2024), the average change was +7.5% and a typical year strayed about 11.5% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 34.6% in 2007 and the biggest yearly fall was 21% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about US$1.24 billion a year. A straight line explains 93% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Latvia had the 81st highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Latvia | US$28.01 billion | 2025 |
| World | US$63.19 trillion | 2024 |
| Europe & Central Asia | US$17.33 trillion | 2025 |
| High income | US$42.29 trillion | 2024 |
Closest to Latvia in the 2025 ranking
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 31 values
| Year | Households and NPISHs final consumption expenditure (current US$) |
|---|---|
| 2025 | 28,013,518,174 |
| 2024 | 25,702,084,302 |
| 2023 | 24,799,183,588 |
| 2022 | 22,614,187,912 |
| 2021 | 21,248,688,990 |
| 2020 | 18,505,078,953 |
| 2019 | 18,999,589,282 |
| 2018 | 19,423,842,595 |
| 2017 | 17,468,221,623 |
| 2016 | 16,186,349,375 |
Households and NPISHs final consumption expenditure (current US$) in nearby economies
- Albania — US$21.13 billion (2025)
- Armenia — US$20.79 billion (2025)
- Austria — US$300.43 billion (2025)
- Azerbaijan — US$45.08 billion (2025)
- Belarus — US$51.91 billion (2025)
- Belgium — US$379.55 billion (2025)
- Bosnia and Herzegovina — US$22.61 billion (2025)
- Bulgaria — US$76.5 billion (2025)
- Croatia
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Net financial flows, IBRD (NFL, current US$) — −US$88.67 million (2016)
- GDP (current LCU) — 43.03 billion (2025)
- GDP, linked series (current LCU) — 43.03 billion (2025)
- GDP (constant 2015 US$) — US$31.21 billion (2025)
- GDP (constant LCU) — 32.21 billion (2025)
- GDP, PPP (current international $) — 85.25 billion (2025)
- GDP, PPP (constant 2021 international $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's households and NPISHs final consumption expenditure (current US$)?
- US$28.01 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 652.38% from US$3.72 billion in 1995 (6.96% a year on average, compounded). The highest value was US$28.01 billion in 2025 and the lowest US$3.72 billion in 1995.
- How does Latvia rank?
- 81st highest of 130 economies with data for 2025.
- Is the latest change in households and NPISHs final consumption expenditure (current US$) unusual for Latvia?
- In 2025, Latvia's households and NPISHs final consumption expenditure (current US$) rose 9% on 2024 (from US$25.7 billion to US$28.01 billion). Across the 29 yearly changes before that (1996 to 2024), the average change was +7.5% and a typical year strayed about 11.5% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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