Annual government deficit/surplus, revenue, expenditure and main in Latvia
Latvia: Annual government deficit/surplus, revenue, expenditure and main was 7,254 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025. ◆ Volatile
Latest (2025)
7,254 Domestic currency (incl. conversion to current currency made using a fixed parit
Change on year
up 4.4%
World rank
7th
of 8 countries
All-time high
7,254 Domestic currency (incl. conversion to current currency made using a fixed parit
in 2025
All-time low
640.58 Domestic currency (incl. conversion to current currency made using a fixed parit
in 1995
Years of data
31
1995–2025
Annual government deficit/surplus, revenue, expenditure and main in Latvia, 1995–2025
Source: Organisation for Economic Co-operation and Development. Measured in Domestic currency (incl. conversion to current currency made using a fixed parit.
Analysis
Latvia recorded 7,254 Domestic currency (incl. conversion to current currency made using a fixed parit for annual government deficit/surplus, revenue, expenditure and main in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 4.4% on the previous year and up 111.2% over ten years.
Over the whole period, annual government deficit/surplus, revenue, expenditure and main in Latvia peaked at 7,254 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025 and was at its lowest, 640.58 Domestic currency (incl. conversion to current currency made using a fixed parit, in 1995.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government deficit/surplus, revenue, expenditure and main in Latvia, year by year
| Year | Domestic currency (incl. conversion to current currency made using a fixed parit | Change |
|---|---|---|
| 1995 | 640.58 Domestic currency (incl. conversion to current currency made using a fixed parit | — |
| 1996 | 732.33 Domestic currency (incl. conversion to current currency made using a fixed parit | +14.3% |
| 1997 | 811.05 Domestic currency (incl. conversion to current currency made using a fixed parit | +10.7% |
| 1998 | 909.11 Domestic currency (incl. conversion to current currency made using a fixed parit | +12.1% |
| 1999 | 984.39 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.3% |
| 2000 | 1,023 Domestic currency (incl. conversion to current currency made using a fixed parit | +3.9% |
| 2001 | 1,048 Domestic currency (incl. conversion to current currency made using a fixed parit | +2.4% |
| 2002 | 1,147 Domestic currency (incl. conversion to current currency made using a fixed parit | +9.5% |
| 2003 | 1,292 Domestic currency (incl. conversion to current currency made using a fixed parit | +12.6% |
| 2004 | 1,473 Domestic currency (incl. conversion to current currency made using a fixed parit | +14.1% |
| 2005 | 1,758 Domestic currency (incl. conversion to current currency made using a fixed parit | +19.3% |
| 2006 | 2,197 Domestic currency (incl. conversion to current currency made using a fixed parit | +24.9% |
| 2007 | 3,027 Domestic currency (incl. conversion to current currency made using a fixed parit | +37.8% |
| 2008 | 3,677 Domestic currency (incl. conversion to current currency made using a fixed parit | +21.5% |
| 2009 | 3,050 Domestic currency (incl. conversion to current currency made using a fixed parit | -17.1% |
| 2010 | 2,648 Domestic currency (incl. conversion to current currency made using a fixed parit | -13.2% |
| 2011 | 2,784 Domestic currency (incl. conversion to current currency made using a fixed parit | +5.2% |
| 2012 | 2,923 Domestic currency (incl. conversion to current currency made using a fixed parit | +5.0% |
| 2013 | 3,101 Domestic currency (incl. conversion to current currency made using a fixed parit | +6.1% |
| 2014 | 3,265 Domestic currency (incl. conversion to current currency made using a fixed parit | +5.3% |
| 2015 | 3,435 Domestic currency (incl. conversion to current currency made using a fixed parit | +5.2% |
| 2016 | 3,581 Domestic currency (incl. conversion to current currency made using a fixed parit | +4.3% |
| 2017 | 3,833 Domestic currency (incl. conversion to current currency made using a fixed parit | +7.0% |
| 2018 | 4,141 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.0% |
| 2019 | 4,427 Domestic currency (incl. conversion to current currency made using a fixed parit | +6.9% |
| 2020 | 4,846 Domestic currency (incl. conversion to current currency made using a fixed parit | +9.5% |
| 2021 | 5,328 Domestic currency (incl. conversion to current currency made using a fixed parit | +10.0% |
| 2022 | 5,696 Domestic currency (incl. conversion to current currency made using a fixed parit | +6.9% |
| 2023 | 6,351 Domestic currency (incl. conversion to current currency made using a fixed parit | +11.5% |
| 2024 | 6,951 Domestic currency (incl. conversion to current currency made using a fixed parit | +9.4% |
| 2025 | 7,254 Domestic currency (incl. conversion to current currency made using a fixed parit | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 815.49 Domestic currency (incl. conversion to current currency made using a fixed parit | 640.58 Domestic currency (incl. conversion to current currency made using a fixed parit | 984.39 Domestic currency (incl. conversion to current currency made using a fixed parit | 5 |
| 2000s | 1,969 Domestic currency (incl. conversion to current currency made using a fixed parit | 1,023 Domestic currency (incl. conversion to current currency made using a fixed parit | 3,677 Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 2010s | 3,414 Domestic currency (incl. conversion to current currency made using a fixed parit | 2,648 Domestic currency (incl. conversion to current currency made using a fixed parit | 4,427 Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 2020s | 6,071 Domestic currency (incl. conversion to current currency made using a fixed parit | 4,846 Domestic currency (incl. conversion to current currency made using a fixed parit | 7,254 Domestic currency (incl. conversion to current currency made using a fixed parit | 6 |
Countries ranked near Latvia
- 4 Netherlands 139,009 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 4 Russian Federation 14.55 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 5 Hungary 13.03 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 5 Slovakia 20,085 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 6 United States of America 3.16 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 6 Slovenia 11,026 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 7 Mexico 2.75 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 8 Estonia 6,589 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 8 Sweden 1.22 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 9 Brazil 1.22 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 10 South Africa 1.20 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
More public sector data for Latvia
- Government budget allocations for R&D — Government Allocations for R&D 245.5 US dollars, PPP converted (2024)
- Annual government non-financial accounts and key indicators -1,093 National currency (2025)
- Annual government non-financial accounts and key indicators (Revenue) 847.43 National currency (2025)
- Annual government non-financial accounts and key indicators 2,712 National currency (2025)
- Annual government non-financial accounts and key indicators (Revenue) 18,739 National currency (2025)
- Annual government non-financial accounts and key indicators 5,642 National currency (2025)
- NAAG Chapter 6: Government — Compensation of employees by general 13.1 Percentage of GDP (2025)
- Annual government expenditure by function (COFOG) — Gross fixed 2,561 National currency (2024)
- Annual government expenditure by function (COFOG) — Gross capital 2,714 National currency (2024)
- Annual government expenditure by function (COFOG) — Compensation of 5,333 National currency (2024)
Frequently asked questions
- What is annual government deficit/surplus, revenue, expenditure and main in Latvia?
- Annual government deficit/surplus, revenue, expenditure and main in Latvia was 7,254 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government deficit/surplus, revenue, expenditure and main recorded in Latvia?
- The highest recorded value was 7,254 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025.
- What is the lowest annual government deficit/surplus, revenue, expenditure and main recorded in Latvia?
- The lowest recorded value was 640.58 Domestic currency (incl. conversion to current currency made using a fixed parit in 1995.
- How does Latvia rank for annual government deficit/surplus, revenue, expenditure and main?
- Latvia ranks 7th out of 8 countries with data for 2025.
- Is annual government deficit/surplus, revenue, expenditure and main rising or falling in Latvia?
- Over the last ten years it is up 111.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government deficit/surplus, revenue, expenditure and main aggregates IDC. Statizoid updates them automatically from the source API.
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