Latvia Poverty Rate
Poverty headcount ratio at $2.15/day SI.POV.DDAY
Latvia's poverty rate was 0.46% in 2025, ranked 45th globally. This represents a 15.0% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Latvia's poverty rate stood at 0.46% in 2025, a rise of +0.06pp from 2023. Based on recent trends, this figure is projected to reach 0.46% by 2025. Latvia ranked 45th globally.
Latvia’s poverty rate has fallen dramatically since the early 1990s, moving from an all‑time trough of 0.00 % in 1993 to a modest 0.46 % in 2025, which places the country at 45th in the world rankings (World Bank). The highest level recorded was 3.80 % in 1996, a peak that coincided with the post‑Soviet transition and the accompanying economic dislocation. Over the 28‑year coverage period the rate has been reduced by more than 95 % of its peak value, reflecting the impact of structural reforms, European Union integration and targeted social policies. Latvia’s 2025 figure matches that of Austria and is only slightly above Denmark’s 0.34 % and Iraq’s 0.50 %, indicating convergence with other advanced economies that have achieved low poverty incidence. Continued fiscal consolidation, labour‑market flexibility and investment in inclusive growth are likely to keep the poverty rate on a downward trajectory, barring external shocks.
Data & projection
| Year | Poverty Rate | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 0.47% | - | - |
| 2025* trend | 0.46% | - | - |
| 2025 | 0.46% | +0.06pp | #45 |
| 2023 | 0.40% | +0.00pp | #18 |
| 2022 | 0.40% | −0.10pp | #22 |
| 2021 | 0.50% | +0.00pp | #32 |
| 2020 | 0.50% | +0.20pp | #32 |
| 2019 | 0.30% | −0.30pp | #29 |
| 2018 | 0.60% | −0.40pp | #37 |
| 2017 | 1.00% | +0.00pp | #40 |
| 2016 | 1.00% | +0.00pp | #37 |
| 2015 | 1.00% | −0.10pp | #40 |
| 2014 | 1.10% | −0.40pp | #40 |
| 2013 | 1.50% | +0.10pp | #43 |
| 2012 | 1.40% | −0.30pp | #44 |
| 2011 | 1.70% | −0.90pp | #48 |
| 2010 | 2.60% | +0.00pp | #49 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw poverty rate improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's poverty rate was 0.46% in 2025. Ranked 45th globally. This represents a 15.0% increase from the previous year.
Latvia's poverty rate peaked at 3.80% in 1996.
The lowest poverty rate in Latvia was 0.00% in 1993.
Latvia ranks 45th globally in poverty rate as of 2025.
The World Bank indicator code is SI.POV.DDAY. Data sourced from World Bank.
Latvia's poverty rate is projected to reach 0.46% by 2025 based on trend extrapolation.
The poverty rate of Latvia in 2025 was 0.46%. This ranks 45th in the world.
Cite this page
@misc{historysaid_latvia_poverty-rate,
title = {Latvia Poverty Rate},
url = {https://historysaid.com/latvia/poverty-rate/},
publisher = {HistorySaid},
year = {2026}
}