HICP - Insurance and financial services (Neither seasonally nor) in Latvia
Latvia: HICP - Insurance and financial services (Neither seasonally nor) was 8.7 in 2026. ▲ Rising
HICP - Insurance and financial services (Neither seasonally nor) in Latvia, 1996–2026
Source: European Central Bank.
Analysis
Latvia recorded 8.7 for hicp - insurance and financial services (neither seasonally nor) in 2026.
The figure is up 10.7% on the previous year and up 11.1% over ten years.
Over the whole period, hicp - insurance and financial services (neither seasonally nor) in Latvia peaked at 10.39 in 2010 and was at its lowest, 1.39, in 1996.
Latvia ranks 24th of 27 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
HICP - Insurance and financial services (Neither seasonally nor) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 1.39 | — |
| 1997 | 2.74 | +97.1% |
| 1998 | 4.82 | +75.9% |
| 1999 | 5.07 | +5.2% |
| 2000 | 3.8 | -25.0% |
| 2001 | 5.41 | +42.4% |
| 2002 | 4.73 | -12.6% |
| 2003 | 6.88 | +45.5% |
| 2004 | 5.59 | -18.8% |
| 2005 | 5.85 | +4.7% |
| 2006 | 10.18 | +74.0% |
| 2007 | 10.07 | -1.1% |
| 2008 | 9.45 | -6.2% |
| 2009 | 9.74 | +3.1% |
| 2010 | 10.39 | +6.7% |
| 2011 | 9.62 | -7.4% |
| 2012 | 9.54 | -0.8% |
| 2013 | 6.87 | -28.0% |
| 2014 | 8.21 | +19.5% |
| 2015 | 7.57 | -7.8% |
| 2016 | 7.83 | +3.4% |
| 2017 | 8.97 | +14.6% |
| 2018 | 9.5 | +5.9% |
| 2019 | 10.24 | +7.8% |
| 2020 | 9.6 | -6.3% |
| 2021 | 8.14 | -15.2% |
| 2022 | 8.06 | -1.0% |
| 2023 | 7.54 | -6.5% |
| 2024 | 8 | +6.1% |
| 2025 | 7.86 | -1.7% |
| 2026 | 8.7 | +10.7% |
Latvia compared with similar countries
- Latvia's 8.7 is below the median for Europe & Central Asia, which is 23.76, 37% of the median. (26 countries reporting)
- Latvia's 8.7 is below the median for high income countries, which is 23.08, 38% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where HICP - Insurance and financial services (Neither seasonally nor) 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 |
|---|---|---|---|
| 1997 | +97.1% | 1.39 | 2.74 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.51 | 1.39 | 5.07 | 4 |
| 2000s | 7.17 | 3.8 | 10.18 | 10 |
| 2010s | 8.87 | 6.87 | 10.39 | 10 |
| 2020s | 8.27 | 7.54 | 9.6 | 7 |
Countries ranked near Latvia
More financial sector data for Latvia
- Net domestic credit (current LCU), per capita 8,595 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3645 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -4.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.49 million SDR (2025)
- Gold reserves at market value 682.52 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.27 billion SDR (2025)
- Reserves excluding gold 3.77 billion SDR (2025)
- Total reserves (gold at market value) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (2025)
Frequently asked questions
- What is hicp - insurance and financial services (neither seasonally nor) in Latvia?
- Hicp - insurance and financial services (neither seasonally nor) in Latvia was 8.7 in 2026, according to European Central Bank.
- What is the highest hicp - insurance and financial services (neither seasonally nor) recorded in Latvia?
- The highest recorded value was 10.39 in 2010.
- What is the lowest hicp - insurance and financial services (neither seasonally nor) recorded in Latvia?
- The lowest recorded value was 1.39 in 1996.
- How does Latvia rank for hicp - insurance and financial services (neither seasonally nor)?
- Latvia ranks 24th out of 27 countries with data for 2026.
- Is hicp - insurance and financial services (neither seasonally nor) rising or falling in Latvia?
- Over the last ten years it is up 11.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from European Central Bank, published as part of HICP - Insurance and financial services (Neither seasonally nor working day adjusted, Sub-index weight). Statizoid updates them automatically from the source API.
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