Latvia - Household final consumption expenditure, PPP (current international $)

The latest value for Household final consumption expenditure, PPP (current international $) in Latvia was 28,903,500,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 30,718,020,000 in 2019 and 7,887,606,000 in 1995.

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to current international dollars using purchasing power parity rates based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1995 7,887,606,000
1996 8,461,245,000
1997 9,077,208,000
1998 9,304,741,000
1999 9,794,076,000
2000 10,414,640,000
2001 11,484,210,000
2002 12,564,580,000
2003 13,640,650,000
2004 15,200,080,000
2005 17,018,280,000
2006 20,096,900,000
2007 22,648,850,000
2008 22,062,190,000
2009 18,815,670,000
2010 20,231,680,000
2011 20,992,470,000
2012 22,785,440,000
2013 25,064,660,000
2014 25,329,250,000
2015 25,723,240,000
2016 27,296,020,000
2017 28,964,870,000
2018 30,613,900,000
2019 30,718,020,000
2020 28,903,500,000

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity