Compensation of employees, Transactions in Latvia
Latvia: Compensation of employees, Transactions was 5.33 billion in 2024. ◆ Volatile
Compensation of employees, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
Latvia recorded 5.33 billion for compensation of employees, transactions in 2024. That is the highest value across all 26 years on record.
The figure is up 11.3% on the previous year and up 129.3% over ten years.
Over the whole period, compensation of employees, transactions in Latvia peaked at 5.33 billion in 2024 and was at its lowest, 682.98 million, in 1999.
That places Latvia 32nd out of 35 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees, Transactions in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 682.98 million | — |
| 2000 | 729.80 million | +6.9% |
| 2001 | 760.42 million | +4.2% |
| 2002 | 858.53 million | +12.9% |
| 2003 | 985.30 million | +14.8% |
| 2004 | 1.12 billion | +14.0% |
| 2005 | 1.33 billion | +18.7% |
| 2006 | 1.65 billion | +23.6% |
| 2007 | 2.31 billion | +40.0% |
| 2008 | 2.86 billion | +23.7% |
| 2009 | 2.32 billion | -18.6% |
| 2010 | 1.91 billion | -17.9% |
| 2011 | 1.99 billion | +4.4% |
| 2012 | 2.06 billion | +3.3% |
| 2013 | 2.20 billion | +6.7% |
| 2014 | 2.33 billion | +5.9% |
| 2015 | 2.48 billion | +6.6% |
| 2016 | 2.62 billion | +5.7% |
| 2017 | 2.84 billion | +8.3% |
| 2018 | 3.09 billion | +8.9% |
| 2019 | 3.31 billion | +7.2% |
| 2020 | 3.56 billion | +7.6% |
| 2021 | 3.98 billion | +11.7% |
| 2022 | 4.21 billion | +5.6% |
| 2023 | 4.79 billion | +14.0% |
| 2024 | 5.33 billion | +11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 682.98 million | 682.98 million | 682.98 million | 1 |
| 2000s | 1.49 billion | 729.80 million | 2.86 billion | 10 |
| 2010s | 2.48 billion | 1.91 billion | 3.31 billion | 10 |
| 2020s | 4.38 billion | 3.56 billion | 5.33 billion | 5 |
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 compensation of employees, transactions in Latvia?
- Compensation of employees, transactions in Latvia was 5.33 billion in 2024, according to International Monetary Fund.
- What is the highest compensation of employees, transactions recorded in Latvia?
- The highest recorded value was 5.33 billion in 2024.
- What is the lowest compensation of employees, transactions recorded in Latvia?
- The lowest recorded value was 682.98 million in 1999.
- How does Latvia rank for compensation of employees, transactions?
- Latvia ranks 32nd out of 35 countries with data for 2024.
- Is compensation of employees, transactions rising or falling in Latvia?
- Over the last ten years it is up 129.3%. 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 Compensation of employees, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.