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Latvia - Gross domestic product per capita based on purchasing-power-parity in current prices

27,702 (international dollars) in 2017

In 2017, GDP per capita based on PPP for Latvia was 27,702 international dollars. GDP per capita based on PPP of Latvia increased from 7,826 international dollars in 1998 to 27,702 international dollars in 2017 growing at an average annual rate of 7.09 %.

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What is GDP per capita based on PPP?

GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or “numeraire” currency.

What is Latvia GDP per capita based on PPP?

Date Value Change, %
2017 27,702 7.57 %
2016 25,753 4.23 %
2015 24,709 4.88 %
2014 23,560 4.94 %
2013 22,450 5.31 %
2012 21,318 7.57 %
2011 19,817 11.01 %
2010 17,852 -0.88 %
2009 18,011 -12.59 %
2008 20,606 -0.91 %
2007 20,795 13.91 %
2006 18,256