Mean income or consumption per day (2011 prices) in Latvia

Latvia: Mean income or consumption per day (2011 prices) was 33.97 international-$ in 2011 prices in 2021. ▲ Rising

Latest (2021)
33.97 international-$ in 2011 prices
Change on year
up 4.5%
World rank
30th
of 119 countries
All-time high
33.97 international-$ in 2011 prices
in 2021
All-time low
8.1 international-$ in 2011 prices
in 1993
Years of data
21
1993–2021

Mean income or consumption per day (2011 prices) in Latvia, 1993–2021

1020301993200720211993: 8.1 international-$ in 2011 prices1995: 9.6 international-$ in 2011 prices1996: 9.3 international-$ in 2011 prices2004: 12.8 international-$ in 2011 prices2005: 14.6 international-$ in 2011 prices2006: 17.4 international-$ in 2011 prices2007: 22.6 international-$ in 2011 prices2008: 22 international-$ in 2011 prices2009: 18.1 international-$ in 2011 prices2010: 17.1 international-$ in 2011 prices2011: 17.5 international-$ in 2011 prices2012: 18 international-$ in 2011 prices2013: 19.9 international-$ in 2011 prices2014: 21.8 international-$ in 2011 prices2015: 23.4 international-$ in 2011 prices2016: 24.6 international-$ in 2011 prices2017: 26.7 international-$ in 2011 prices2018: 29 international-$ in 2011 prices2019: 30.1 international-$ in 2011 prices2020: 32.5 international-$ in 2011 prices2021: 34 international-$ in 2011 prices

Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in international-$ in 2011 prices.

Analysis

The most recent figure for mean income or consumption per day (2011 prices) in Latvia is 33.97 international-$ in 2011 prices, measured in 2021. That is the highest value across all 21 years on record.

The figure is up 4.5% on the previous year and up 94.4% over ten years.

Over the whole period, mean income or consumption per day (2011 prices) in Latvia peaked at 33.97 international-$ in 2011 prices in 2021 and was at its lowest, 8.1 international-$ in 2011 prices, in 1993.

Latvia ranks 30th of 119 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 21 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 8.99 international-$ in 2011 prices 8.1 international-$ in 2011 prices 9.59 international-$ in 2011 prices 3
2000s 17.9 international-$ in 2011 prices 12.77 international-$ in 2011 prices 22.58 international-$ in 2011 prices 6
2010s 22.8 international-$ in 2011 prices 17.1 international-$ in 2011 prices 30.14 international-$ in 2011 prices 10
2020s 33.23 international-$ in 2011 prices 32.5 international-$ in 2011 prices 33.97 international-$ in 2011 prices 2

Countries ranked near Latvia

  1. 27 Israel 38.26 international-$ in 2011 prices compare
  2. 28 Czechia 36.7 international-$ in 2011 prices compare
  3. 29 Poland 35.48 international-$ in 2011 prices compare
  4. 31 Portugal 33.05 international-$ in 2011 prices compare
  5. 32 Malaysia 32.62 international-$ in 2011 prices compare
  6. 33 Hungary 30.25 international-$ in 2011 prices compare

See the full ranking of 119 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is mean income or consumption per day (2011 prices) in Latvia?
Mean income or consumption per day (2011 prices) in Latvia was 33.97 international-$ in 2011 prices in 2021, according to World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data.
What is the highest mean income or consumption per day (2011 prices) recorded in Latvia?
The highest recorded value was 33.97 international-$ in 2011 prices in 2021.
What is the lowest mean income or consumption per day (2011 prices) recorded in Latvia?
The lowest recorded value was 8.1 international-$ in 2011 prices in 1993.
How does Latvia rank for mean income or consumption per day (2011 prices)?
Latvia ranks 30th out of 119 countries with data for 2021.
Is mean income or consumption per day (2011 prices) rising or falling in Latvia?
Over the last ten years it is up 94.4%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data, published as part of Mean income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.

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About this data

Indicator
Mean income or consumption per day (2011 prices)
Unit
international-$ in 2011 prices
Source
World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
119 places, 2,016 data points, 1963–2023
Last refreshed

The mean is the average income or consumption of the population.