Annual government expenditure by function (COFOG) — Gross fixed in Latvia
Latvia: Annual government expenditure by function (COFOG) — Gross fixed was 2,561 National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross fixed 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 fixed in Latvia stood at 2,561 National currency. That is the highest value across all 30 years on record.
That represents a change of up 14.8% on the previous year and up 134.3% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross fixed in Latvia peaked at 2,561 National currency in 2024 and was at its lowest, 82.74 National currency, in 1995.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government expenditure by function (COFOG) — Gross fixed in Latvia, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 82.74 National currency | — |
| 1996 | 116.58 National currency | +40.9% |
| 1997 | 85.11 National currency | -27.0% |
| 1998 | 95.23 National currency | +11.9% |
| 1999 | 111.21 National currency | +16.8% |
| 2000 | 122.04 National currency | +9.7% |
| 2001 | 111.79 National currency | -8.4% |
| 2002 | 132.11 National currency | +18.2% |
| 2003 | 275.37 National currency | +108.4% |
| 2004 | 406.55 National currency | +47.6% |
| 2005 | 478.81 National currency | +17.8% |
| 2006 | 855.93 National currency | +78.8% |
| 2007 | 1,358 National currency | +58.7% |
| 2008 | 1,316 National currency | -3.1% |
| 2009 | 953.25 National currency | -27.6% |
| 2010 | 880.94 National currency | -7.6% |
| 2011 | 1,068 National currency | +21.2% |
| 2012 | 1,155 National currency | +8.2% |
| 2013 | 1,064 National currency | -7.9% |
| 2014 | 1,093 National currency | +2.7% |
| 2015 | 1,188 National currency | +8.7% |
| 2016 | 903.19 National currency | -24.0% |
| 2017 | 1,247 National currency | +38.1% |
| 2018 | 1,643 National currency | +31.7% |
| 2019 | 1,517 National currency | -7.7% |
| 2020 | 1,735 National currency | +14.4% |
| 2021 | 1,817 National currency | +4.7% |
| 2022 | 1,718 National currency | -5.5% |
| 2023 | 2,231 National currency | +29.9% |
| 2024 | 2,561 National currency | +14.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 98.17 National currency | 82.74 National currency | 116.58 National currency | 5 |
| 2000s | 600.98 National currency | 111.79 National currency | 1,358 National currency | 10 |
| 2010s | 1,176 National currency | 880.94 National currency | 1,643 National currency | 10 |
| 2020s | 2,012 National currency | 1,718 National currency | 2,561 National currency | 5 |
Countries ranked near Latvia
- 4 United States 985,722 National currency compare
- 5 Czechia 376,546 National currency compare
- 6 Sweden 352,916 National currency compare
- 7 Norway 282,385 National currency compare
- 8 Iceland 182,288 National currency compare
- 9 Germany 132,292 National currency compare
- 10 France 126,997 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 capital 2,714 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 fixed in Latvia?
- Annual government expenditure by function (cofog) — gross fixed in Latvia was 2,561 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross fixed recorded in Latvia?
- The highest recorded value was 2,561 National currency in 2024.
- What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in Latvia?
- The lowest recorded value was 82.74 National currency in 1995.
- How does Latvia rank for annual government expenditure by function (cofog) — gross fixed?
- Latvia ranks 7th out of 8 groups with data for 2024.
- Is annual government expenditure by function (cofog) — gross fixed rising or falling in Latvia?
- Over the last ten years it is up 134.3%. 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 fixed capital formation. 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