Latvia: Monetary freedom

* indicates monthly or quarterly data series
 Latvia

Monetary freedom index (0-100)

 Latest value 67.80
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 76.95
 Min - Max 41.10 - 87.30
 Source The Heritage Foundation
For that indicator, we provide data for Latvia from 1996 to 2024. The average value for Latvia during that period was 76.95 points with a minimum of 41.1 points in 1996 and a maximum of 87.3 points in 2018. The latest value from 2024 is 67.8 points. For comparison, the world average in 2024 based on 174 countries is 67.58 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Monetary freedom - Recent values chart

Historical chart
Latvia - Monetary freedom - historical chart - 1996-2024




The Monetary Freedom index for Latvia from The Heritage Foundation reflects the stability of prices in Latvia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

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 Related indicators Latest value Reference Measure
 Property rights 88 2024 points
 Freedom from corruption 65 2024 points
 Fiscal freedom 67 2024 points
 Business freedom 82 2024 points
 Labor freedom 66 2024 points
 Monetary freedom 67.80 2024 points
 Trade freedom 79 2024 points
 Investment freedom 85 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 72 2024 index points
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