buys in the United States, at purchasing power parity
And $100 in the United States buys what $57.03 buys in Latvia. Prices across Latvia's economy average 57% of the United States', so a dollar goes 75% further in Latvia.
World Bank figures for 2025 unless another year is shown
Measure
Latvia
United States
Economy
Population
1.85 million
341.8 million
GDPUS dollars, market exchange rates
$48.6 billion
$30.8 trillion
GDP per personUS dollars
$26,312
$90,027
GDP per person at PPPInternational dollars
$46,137
$90,027
Prices
Price levelUS prices = 100%
57%
100%
A US dollar goes as far as
$1.75 in the US
$1.00 in the US
Income
Median income or consumptionPer person, international dollars
$32.95 a day2023 survey · $12,027 a year · income
$72.07 a day2024 survey · $26,306 a year · income
More figures: GDP at PPP, conversion factor and GNI▾
Gross national income is what residents earn, at home and abroad
Measure
Latvia
United States
GDP at PPPInternational dollars
$85.3 billion
$30.8 trillion
PPP conversion factorLocal currency per international dollar
0.5047Euro
1.000U.S. dollar
GNI per person, Atlas methodUS dollars
$24,980
$88,810
GNI per person at PPPInternational dollars
$45,740
$89,490
World Bank income groups: Latvia, high income; United States, high income.
GDP per person at PPP· 2000 to 2025, in constant 2021 international dollarsAdjusted for inflation, so recent years read lower than the current-dollar figures above.