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Local Price of Goods - Latvia Compared to Continent


Footnote   |   Export

Sort: Alphabetically  | Ascending Rank  |  Descending Rank


Data covers: 15-Oct-17

Click name of country for detailed information


Iceland $1.40
Switzerland $1.32
Denmark $1.14
Finland $1.04
Norway $1.04
Sweden $1.04
Luxembourg $0.99
Ireland $0.95
Austria $0.94
Belgium $0.93
France $0.91
Netherlands $0.90
UK $0.89
Germany $0.88
Italy $0.83
Spain $0.74
Slovenia $0.68
Cyprus $0.68
Portugal $0.68
Greece $0.68
Malta $0.65
Estonia $0.62
Czech Rep. $0.56
Latvia $0.56
Slovak Rep. $0.53
Croatia $0.53
Lithuania $0.52
Hungary $0.47
Poland $0.46
Romania $0.43
Montenegro $0.41
Bosnia & H. $0.40
Moldova $0.40
Turkey $0.39
Serbia $0.37
Russia $0.37
Bulgaria $0.37
Macedonia $0.36
Albania $0.36
Belarus $0.30
Ukraine $0.28

 

 

Latvia: Currency +/- valuation index

This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).

To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.

Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.

These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )

Source: calculated using figures from the IMF World Economic Outlook Database

 

Latvia generates monthly average apartment prices, issued by private entities, Arco Real Estate and Ober Haus. The Central Statistical Bureau of Latvia started producing annual average house prices in 2004 but stopped in 2009. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.





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