Latvia vs United States: Annual government expenditure by function (COFOG) — Gross fixed

Latvia
2,561 National currency
in 2024
United States
985,722 National currency
in 2024
Latvia rank
7th
United States rank
4th

Annual government expenditure by function (COFOG) — Gross fixed over time

  • Latvia
  • United States
0200.0k400.0k600.0k800.0k1.0M197019972024

How they compare

United States currently reports 985,722 National currency against 2,561 National currency in Latvia, a difference of 983,161 National currency.

That makes United States's figure about 384.9 times Latvia's.

Across all 30 years both countries report, United States has been ahead every year.

Latvia ranks 7th and United States ranks 4th of 8 countries.

United States has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Latvia United States Difference Ahead
1990s 98.17 National currency 314,096 National currency 313,998 National currency United States
2000s 600.98 National currency 483,386 National currency 482,785 National currency United States
2010s 1,176 National currency 619,470 National currency 618,294 National currency United States
2020s 2,012 National currency 862,293 National currency 860,281 National currency United States

Averages of every year both report within each decade.

Frequently asked questions

Which has higher annual government expenditure by function (cofog) — gross fixed, Latvia or United States?
United States, at 985,722 National currency against 2,561 National currency in Latvia as of 2024.
What is the difference in annual government expenditure by function (cofog) — gross fixed between Latvia and United States?
983,161 National currency, with United States ahead.
How many years of comparable data are there for Latvia and United States?
30 years are reported by both, from 1995 to 2024.
How do Latvia and United States rank globally for annual government expenditure by function (cofog) — gross fixed?
Latvia ranks 7th and United States ranks 4th of 8 countries.
Where does this data come from?
Organisation for Economic Co-operation and Development, published as Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs United States: Annual government expenditure by function (COFOG) — Gross fixed. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 02 September 2026, from https://public-sector.statizoid.com/compare/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/latvia-2/united-states/

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About this data

Indicator
Annual government expenditure by function (COFOG) — Gross fixed capital formation
Unit
National currency
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
38 places, 1,116 data points, 1970–2025
Last refreshed

This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org