Inflation, GDP deflator: linked series (annual %) in Latvia
Latvia: Inflation, GDP deflator: linked series (annual %) was 3.6% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in Latvia, 1991–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
Latvia recorded 3.6% for inflation, gdp deflator: linked series in 2025.
The figure is up 30.0% on the previous year and up 836.7% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Latvia peaked at 932.5% in 1992 and was at its lowest, -5.7%, in 2009.
That places Latvia 94th out of 214 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series (annual %) in Latvia, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | 162.6% | — |
| 1992 | 932.5% | +473.5% |
| 1993 | 53.7% | -94.2% |
| 1994 | 36.3% | -32.5% |
| 1995 | 29.3% | -19.1% |
| 1996 | 13.0% | -55.8% |
| 1997 | 5.8% | -55.3% |
| 1998 | 4.7% | -19.3% |
| 1999 | 1.3% | -71.6% |
| 2000 | 3.8% | +184.8% |
| 2001 | 2.6% | -30.5% |
| 2002 | 3.3% | +24.2% |
| 2003 | 3.6% | +11.9% |
| 2004 | 6.9% | +90.0% |
| 2005 | 10.4% | +50.8% |
| 2006 | 10.2% | -2.1% |
| 2007 | 19.6% | +91.2% |
| 2008 | 12.4% | -36.7% |
| 2009 | -5.7% | -146.3% |
| 2010 | -0.5% | -91.6% |
| 2011 | 4.7% | -1073.0% |
| 2012 | 2.9% | -38.9% |
| 2013 | 1.9% | -34.0% |
| 2014 | 1.7% | -12.1% |
| 2015 | 0.4% | -76.8% |
| 2016 | 0.6% | +57.1% |
| 2017 | 2.7% | +345.6% |
| 2018 | 3.7% | +38.1% |
| 2019 | 4.3% | +15.4% |
| 2020 | 2.4% | -44.6% |
| 2021 | 3.3% | +37.8% |
| 2022 | 9.7% | +193.9% |
| 2023 | 10.7% | +10.1% |
| 2024 | 2.8% | -73.9% |
| 2025 | 3.6% | +30.0% |
Latvia compared with similar countries
- Latvia's 3.6% is above the median for high income countries, which is 2.6%, 1.4× the median. (82 countries reporting)
- Latvia's 3.6% is above the median for Europe & Central Asia, which is 3.5%, 1.0× the median. (56 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series (annual %) 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 |
|---|---|---|---|
| 2011 | +1073.0% | -0.5% | 4.7% |
| 1992 | +473.5% | 162.6% | 932.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 137.7% | 1.3% | 932.5% | 9 |
| 2000s | 6.7% | -5.7% | 19.6% | 10 |
| 2010s | 2.2% | -0.5% | 4.7% | 10 |
| 2020s | 5.4% | 2.4% | 10.7% | 6 |
Countries ranked near Latvia
More financial sector data for Latvia
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Latvia?
- Inflation, gdp deflator: linked series in Latvia was 3.6% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Latvia?
- The highest recorded value was 932.5% in 1992.
- What is the lowest inflation, gdp deflator: linked series recorded in Latvia?
- The lowest recorded value was -5.7% in 2009.
- How does Latvia rank for inflation, gdp deflator: linked series?
- Latvia ranks 94th out of 214 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Latvia?
- Over the last ten years it is up 836.7%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.