Getting electricity: Price of electricity (US cents per kWh) in Latvia
Latvia: Getting electricity: Price of electricity (US cents per kWh) was 11.4 DB16-20 methodology in 2019. ▼ Falling
Getting electricity: Price of electricity (US cents per kWh) in Latvia, 2014–2019
Source: World Bank. Measured in DB16-20 methodology.
Analysis
The most recent figure for getting electricity: price of electricity (us cents per kwh) in Latvia is 11.4 DB16-20 methodology, measured in 2019.
That represents a change of up 15.2% on the previous year and down 43.3% over ten years.
That places Latvia 131st out of 187 countries with data for 2019, putting it in the middle of the range.
Getting electricity: Price of electricity (US cents per kWh) in Latvia, year by year
| Year | DB16-20 methodology | Change |
|---|---|---|
| 2014 | 20.1 DB16-20 methodology | — |
| 2015 | 16.4 DB16-20 methodology | -18.4% |
| 2016 | 15.2 DB16-20 methodology | -7.3% |
| 2017 | 7.4 DB16-20 methodology | -51.3% |
| 2018 | 9.9 DB16-20 methodology | +33.8% |
| 2019 | 11.4 DB16-20 methodology | +15.2% |
Latvia compared with similar countries
- Latvia's 11.4 DB16-20 methodology is below the median for high income countries, which is 14.4 DB16-20 methodology, 79% of the median. (62 countries reporting)
- Latvia's 11.4 DB16-20 methodology is below the median for Europe & Central Asia, which is 12.2 DB16-20 methodology, 93% of the median. (49 countries reporting)
Countries ranked near Latvia
- 128 Israel 11.8 DB16-20 methodology compare
- 129 Taiwan 11.7 DB16-20 methodology compare
- 130 Bosnia and Herzegovina 11.6 DB16-20 methodology compare
- 131 South Korea 11.4 DB16-20 methodology compare
- 133 Madagascar 11.3 DB16-20 methodology compare
- 134 Indonesia 10.9 DB16-20 methodology compare
- 134 United Arab Emirates 10.9 DB16-20 methodology compare
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 18.1% (2025)
- Manufactures imports 63.4% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Commercial service imports 7.26 billion current US$ (2025)
- Food exports 22.1% (2025)
- Manufactures exports 55.5% (2025)
- Merchandise exports 22.12 billion current US$ (2025)
- Commercial service exports 9.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 11,972 current US$ per person (2025)
Frequently asked questions
- What is getting electricity: price of electricity (us cents per kwh) in Latvia?
- Getting electricity: price of electricity (us cents per kwh) in Latvia was 11.4 DB16-20 methodology in 2019, according to the World Bank.
- What is the highest getting electricity: price of electricity (us cents per kwh) recorded in Latvia?
- The highest recorded value was 20.1 DB16-20 methodology in 2014.
- What is the lowest getting electricity: price of electricity (us cents per kwh) recorded in Latvia?
- The lowest recorded value was 7.4 DB16-20 methodology in 2017.
- How does Latvia rank for getting electricity: price of electricity (us cents per kwh)?
- Latvia ranks 131st out of 187 countries with data for 2019.
- Is getting electricity: price of electricity (us cents per kwh) rising or falling in Latvia?
- Over the last ten years it is down 43.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from the World Bank, published as part of Getting electricity: Price of electricity (US cents per kWh) (DB16-20 methodology). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The price of electricity is measured in U.S. cents per kWh. A monthly electricity consumption is assumed, for which a bill is then computed for a warehouse based in the largest business city of the economy for the month of March. The bill is then expressed back as a unit of kWh. The index is computed based on the methodology in the DB16-20 studies.