Inflation, GDP deflator: linked series in Latvia
Latvia: Inflation, GDP deflator: linked series 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 93rd out of 212 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 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% |
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
- 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 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 93rd out of 212 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.
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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.