Financial burden of the total housing cost in Latvia
Latvia: Financial burden of the total housing cost was 15.9% in 2023. ▼ Falling
Financial burden of the total housing cost in Latvia, 2005–2023
Source: Eurostat. Measured in Percentage.
Analysis
In 2023, financial burden of the total housing cost in Latvia stood at 15.9%. That is the lowest value across all 17 years on record.
The figure is down 12.2% on the previous year and down 65.1% over ten years.
Over the whole period, financial burden of the total housing cost in Latvia peaked at 45.6% in 2013 and was at its lowest, 15.9%, in 2023.
That places Latvia 35th out of 47 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Financial burden of the total housing cost in Latvia, year by year
| Year | Percentage | Change |
|---|---|---|
| 2005 | 33.5% | — |
| 2006 | 31.2% | -6.9% |
| 2007 | 25.2% | -19.2% |
| 2008 | 25.5% | +1.2% |
| 2009 | 33.5% | +31.4% |
| 2010 | 41.2% | +23.0% |
| 2011 | 43.8% | +6.3% |
| 2012 | 42.1% | -3.9% |
| 2013 | 45.6% | +8.3% |
| 2014 | 38.0% | -16.7% |
| 2015 | 31.0% | -18.4% |
| 2016 | 27.9% | -10.0% |
| 2017 | 29.9% | +7.2% |
| 2018 | 24.5% | -18.1% |
| 2019 | 18.8% | -23.3% |
| 2020 | 18.1% | -3.7% |
| 2023 | 15.9% | -12.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.8% | 25.2% | 33.5% | 5 |
| 2010s | 34.3% | 18.8% | 45.6% | 10 |
| 2020s | 17.0% | 15.9% | 18.1% | 2 |
Countries ranked near Latvia
More urban development data for Latvia
- Crude steelmaking capacity 0.85 Tonnes (2025)
- Africa's Development Dynamics (AfDD) Table 23 - Ecological 26.69 Hectares (2020)
- Establishments, bedrooms and bed-places in tourist accommodation, by 1,345 Number (2025)
- Nights spent at tourist accommodation establishments by degree of 4.69 million Number (2024)
- Housing cost overburden rate by NUTS 2 region 5.7% (2025)
- Expenditure on housing function by type of benefit and means-testing 44.99 Million euro (2024)
- Wagons and their load capacity by type of wagons 4,920 Number (2024)
- Road freight transport by load capacity (LC) of vehicle and type of 15,108 Million tonne-kilometre (TKM) (2025)
- Housing cost overburden rate by age, sex and poverty status 5.7% (2025)
- At-risk-of-poverty rate after deducting housing costs by age and sex 30.9% (2025)
Frequently asked questions
- What is financial burden of the total housing cost in Latvia?
- Financial burden of the total housing cost in Latvia was 15.9% in 2023, according to Eurostat.
- What is the highest financial burden of the total housing cost recorded in Latvia?
- The highest recorded value was 45.6% in 2013.
- What is the lowest financial burden of the total housing cost recorded in Latvia?
- The lowest recorded value was 15.9% in 2023.
- How does Latvia rank for financial burden of the total housing cost?
- Latvia ranks 35th out of 47 countries with data for 2023.
- Is financial burden of the total housing cost rising or falling in Latvia?
- Over the last ten years it is down 65.1%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Financial burden of the total housing cost. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).