Capital spending, Ratio of this level of government's expenditure on in Latvia
Latvia: Capital spending, Ratio of this level of government's expenditure on was 0.5867 in 2020. ◆ Volatile
Capital spending, Ratio of this level of government's expenditure on in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
The most recent figure for capital spending, ratio of this level of government's expenditure on in Latvia is 0.5867, measured in 2020.
That represents a change of up 47.5% on the previous year and up 120.3% over ten years.
Over the whole period, capital spending, ratio of this level of government's expenditure on in Latvia peaked at 1.6 in 2015 and was at its lowest, -2.89, in 2010.
Latvia ranks 39th of 78 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Capital spending, Ratio of this level of government's expenditure on in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.5045 | — |
| 1996 | 0.533 | +5.6% |
| 1997 | 0.552 | +3.6% |
| 1998 | 0.5537 | +0.3% |
| 1999 | 0.5485 | -0.9% |
| 2000 | 0.6481 | +18.2% |
| 2001 | 0.6574 | +1.4% |
| 2002 | 0.5923 | -9.9% |
| 2003 | 0.6592 | +11.3% |
| 2004 | 0.8036 | +21.9% |
| 2005 | 0.5822 | -27.5% |
| 2006 | 1.43 | +145.8% |
| 2007 | 0.6076 | -57.6% |
| 2008 | 0.0604 | -90.1% |
| 2009 | -1.35 | -2328.7% |
| 2010 | -2.89 | +114.4% |
| 2011 | -0.2452 | -91.5% |
| 2012 | -0.1464 | -40.3% |
| 2013 | -0.7406 | +405.9% |
| 2014 | -0.5327 | -28.1% |
| 2015 | 1.6 | -400.4% |
| 2016 | -0.1812 | -111.3% |
| 2017 | 0.531 | -393.0% |
| 2018 | 0.6407 | +20.7% |
| 2019 | 0.3977 | -37.9% |
| 2020 | 0.5867 | +47.5% |
Latvia compared with similar countries
- Latvia's 0.5867 is above the median for high income countries, which is 0.5506, 1.1× the median. (42 countries reporting)
- Latvia's 0.5867 is above the median for Europe & Central Asia, which is 0.5683, 1.0× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Capital spending, Ratio of this level of government's expenditure on in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -2328.7% | 0.0604 | -1.35 |
| 2013 | -405.9% | -0.1464 | -0.7406 |
| 2015 | +400.4% | -0.5327 | 1.6 |
| 2017 | +393.0% | -0.1812 | 0.531 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5383 | 0.5045 | 0.5537 | 5 |
| 2000s | 0.4695 | -1.35 | 1.43 | 10 |
| 2010s | -0.1563 | -2.89 | 1.6 | 10 |
| 2020s | 0.5867 | 0.5867 | 0.5867 | 1 |
Countries ranked near Latvia
More public sector data for Latvia
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.36 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -76.19 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 763.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0324 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.43 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 674.92 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is capital spending, ratio of this level of government's expenditure on in Latvia?
- Capital spending, ratio of this level of government's expenditure on in Latvia was 0.5867 in 2020, according to International Monetary Fund.
- What is the highest capital spending, ratio of this level of government's expenditure on recorded in Latvia?
- The highest recorded value was 1.6 in 2015.
- What is the lowest capital spending, ratio of this level of government's expenditure on recorded in Latvia?
- The lowest recorded value was -2.89 in 2010.
- How does Latvia rank for capital spending, ratio of this level of government's expenditure on?
- Latvia ranks 39th out of 78 countries with data for 2020.
- Is capital spending, ratio of this level of government's expenditure on rising or falling in Latvia?
- Over the last ten years it is up 120.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Capital spending, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.