Latvia PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Latvia's ppp conversion factor was 0.50 in 2025, ranked 183rd globally. This represents a 1.3% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Latvia's ppp conversion factor stood at 0.50 in 2025, a rise of +0.01 from 2024. Based on recent trends, this figure is projected to reach 0.50 by 2025. Latvia ranked 183rd globally.
Latvia’s purchasing power parity (PPP) conversion factor has risen from an initial value of 0.00 in 1990 to 0.50 in 2025, placing the country at rank 183 globally. The indicator reached its all‑time high of 0.61 in 2008, reflecting a period of strong relative price competitiveness, before falling to the trough recorded at the start of the transition era. Over the 36‑year coverage, the factor has remained close to the levels of peers such as the Slovak Republic (0.50) and Lithuania (0.51), suggesting that Latvia’s price structure has broadly kept pace with comparable economies in the region. The post‑2008 decline aligns with the global financial crisis and subsequent adjustments in domestic price levels, while the modest recovery to 0.50 by 2025 indicates gradual stabilization. Continued improvements in productivity, wage growth, and integration with EU markets could lift the PPP conversion factor further, enhancing Latvia’s relative purchasing power in the coming years.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 0.52 | - | - |
| 2026* trend | 0.51 | - | - |
| 2025* trend | 0.50 | - | - |
| 2025 | 0.50 | +0.01 | #183 |
| 2024 | 0.50 | +0.01 | #16 |
| 2023 | 0.49 | +0.02 | #14 |
| 2022 | 0.47 | +0.01 | #14 |
| 2021 | 0.46 | −0.01 | #15 |
| 2020 | 0.47 | −0.01 | #13 |
| 2019 | 0.48 | −0.01 | #13 |
| 2018 | 0.49 | −0.03 | #13 |
| 2017 | 0.52 | +0.00 | #16 |
| 2016 | 0.52 | −0.01 | #16 |
| 2015 | 0.53 | +0.00 | #17 |
| 2014 | 0.53 | −0.00 | #17 |
| 2013 | 0.53 | −0.00 | #17 |
| 2012 | 0.53 | +0.01 | #16 |
| 2011 | 0.52 | +0.01 | #17 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's ppp conversion factor was 0.50 in 2025. Ranked 183rd globally. This represents a 1.3% increase from the previous year.
Latvia's ppp conversion factor peaked at 0.61 in 2008.
The lowest ppp conversion factor in Latvia was 0.00 in 1990.
Latvia ranks 183rd globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Latvia's ppp conversion factor is projected to reach 0.50 by 2025 based on trend extrapolation.
The ppp conversion factor of Latvia in 2025 was 0.50. This ranks 183rd in the world.
Cite this page
@misc{historysaid_latvia_ppp-conversion-factor,
title = {Latvia PPP Conversion Factor},
url = {https://historysaid.com/latvia/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}