Extreme monetary poverty and multidimensional poverty over time in Latvia
Latvia: Extreme monetary poverty and multidimensional poverty over time was 0.4% in 2023. ◆ Volatile
Extreme monetary poverty and multidimensional poverty over time in Latvia, 1993–2023
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in %.
Analysis
Latvia recorded 0.4% for extreme monetary poverty and multidimensional poverty over time in 2023.
Compared with earlier readings it is up 4.7% on the previous year and down 71.1% over ten years.
Over the whole period, extreme monetary poverty and multidimensional poverty over time in Latvia peaked at 3.8% in 1996 and was at its lowest, 0.0%, in 1993.
Latvia ranks 80th of 120 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Extreme monetary poverty and multidimensional poverty over time in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 0.0% | — |
| 1995 | 2.2% | — |
| 1996 | 3.8% | +75.2% |
| 2004 | 3.7% | -3.1% |
| 2005 | 3.1% | -14.9% |
| 2006 | 1.9% | -37.4% |
| 2007 | 0.8% | -57.2% |
| 2008 | 1.6% | +90.7% |
| 2009 | 2.6% | +63.8% |
| 2010 | 2.6% | -0.1% |
| 2011 | 1.7% | -36.2% |
| 2012 | 1.4% | -13.2% |
| 2013 | 1.5% | +7.0% |
| 2014 | 1.1% | -27.5% |
| 2015 | 1.0% | -7.4% |
| 2016 | 1.0% | -7.0% |
| 2017 | 1.0% | +2.2% |
| 2018 | 0.6% | -43.1% |
| 2019 | 0.3% | -39.6% |
| 2020 | 0.5% | +51.7% |
| 2021 | 0.5% | -4.2% |
| 2022 | 0.4% | -13.6% |
| 2023 | 0.4% | +4.7% |
Latvia compared with similar countries
- Latvia's 0.4% is above the median for high income countries, which is 0.4%, 1.1× the median. (42 countries reporting)
- Latvia's 0.4% is above the median for Europe & Central Asia, which is 0.3%, 1.3× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.0% | 0.0% | 3.8% | 3 |
| 2000s | 2.3% | 0.8% | 3.7% | 6 |
| 2010s | 1.2% | 0.3% | 2.6% | 10 |
| 2020s | 0.5% | 0.4% | 0.5% | 4 |
Countries ranked near Latvia
More poverty & inequality data for Latvia
- Number of income/consumption surveys in the past decade available via the World Bank 8 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.34 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 3,558 kg per hectare (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate -15.01 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 31.88 (2023)
- Tax revenue as share of GDP vs. income inequality 31.9% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is extreme monetary poverty and multidimensional poverty over time in Latvia?
- Extreme monetary poverty and multidimensional poverty over time in Latvia was 0.4% in 2023, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest extreme monetary poverty and multidimensional poverty over time recorded in Latvia?
- The highest recorded value was 3.8% in 1996.
- What is the lowest extreme monetary poverty and multidimensional poverty over time recorded in Latvia?
- The lowest recorded value was 0.0% in 1993.
- How does Latvia rank for extreme monetary poverty and multidimensional poverty over time?
- Latvia ranks 80th out of 120 countries with data for 2023.
- Is extreme monetary poverty and multidimensional poverty over time rising or falling in Latvia?
- Over the last ten years it is down 71.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Extreme monetary poverty and multidimensional poverty over time. Statizoid updates them automatically from the source API.
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About this data
Percentage of population living in households with an income or consumption below $3 per day.