Annual government expenditure by function (COFOG) — Gross capital in Latvia
Latvia: Annual government expenditure by function (COFOG) — Gross capital was 2,714 National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross capital in Latvia, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government expenditure by function (cofog) — gross capital in Latvia stood at 2,714 National currency. That is the highest value across all 30 years on record.
That represents a change of up 18.9% on the previous year and up 146.5% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross capital in Latvia peaked at 2,714 National currency in 2024 and was at its lowest, 80.27 National currency, in 1997.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government expenditure by function (COFOG) — Gross capital in Latvia, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 83.92 National currency | — |
| 1996 | 123.58 National currency | +47.3% |
| 1997 | 80.27 National currency | -35.0% |
| 1998 | 96.02 National currency | +19.6% |
| 1999 | 111.19 National currency | +15.8% |
| 2000 | 123.39 National currency | +11.0% |
| 2001 | 118.64 National currency | -3.8% |
| 2002 | 133.22 National currency | +12.3% |
| 2003 | 304.19 National currency | +128.3% |
| 2004 | 452.83 National currency | +48.9% |
| 2005 | 490.73 National currency | +8.4% |
| 2006 | 913.16 National currency | +86.1% |
| 2007 | 1,478 National currency | +61.8% |
| 2008 | 1,290 National currency | -12.7% |
| 2009 | 839.31 National currency | -34.9% |
| 2010 | 848.4 National currency | +1.1% |
| 2011 | 1,038 National currency | +22.3% |
| 2012 | 1,143 National currency | +10.2% |
| 2013 | 1,073 National currency | -6.1% |
| 2014 | 1,101 National currency | +2.6% |
| 2015 | 1,206 National currency | +9.6% |
| 2016 | 952.17 National currency | -21.1% |
| 2017 | 1,265 National currency | +32.8% |
| 2018 | 1,741 National currency | +37.7% |
| 2019 | 1,522 National currency | -12.6% |
| 2020 | 1,678 National currency | +10.2% |
| 2021 | 1,754 National currency | +4.6% |
| 2022 | 2,023 National currency | +15.3% |
| 2023 | 2,282 National currency | +12.8% |
| 2024 | 2,714 National currency | +18.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 99 National currency | 80.27 National currency | 123.58 National currency | 5 |
| 2000s | 614.32 National currency | 118.64 National currency | 1,478 National currency | 10 |
| 2010s | 1,189 National currency | 848.4 National currency | 1,741 National currency | 10 |
| 2020s | 2,090 National currency | 1,678 National currency | 2,714 National currency | 5 |
Countries ranked near Latvia
- 5 Slovenia 3,509 National currency compare
- 5 United States 1.01 million National currency compare
- 6 Lithuania 3,424 National currency compare
- 6 Costa Rica 846,642 National currency compare
- 7 Czechia 381,072 National currency compare
- 7 Estonia 2,780 National currency compare
- 8 Sweden 362,603 National currency compare
- 9 Norway 283,224 National currency compare
- 10 Iceland 186,101 National currency compare
- 11 France 132,089 National currency 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) — Compensation of 5,333 National currency (2024)
- NAAG Chapter 6A: Government expenditure by function — Expenditure by 45.31 Percentage of GDP (2024)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross capital in Latvia?
- Annual government expenditure by function (cofog) — gross capital in Latvia was 2,714 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross capital recorded in Latvia?
- The highest recorded value was 2,714 National currency in 2024.
- What is the lowest annual government expenditure by function (cofog) — gross capital recorded in Latvia?
- The lowest recorded value was 80.27 National currency in 1997.
- How does Latvia rank for annual government expenditure by function (cofog) — gross capital?
- Latvia ranks 8th out of 8 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross capital rising or falling in Latvia?
- Over the last ten years it is up 146.5%. 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 expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid updates them automatically from the source API.
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About this data
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