Cyclically adjusted balance, General government, Percent of potential in Latvia
Latvia: Cyclically adjusted balance, General government, Percent of potential was -4.32 in 2030. ◆ Volatile
Latest (2030)
-4.32
Change on year
down 4.0%
World rank
69th
of 88 countries
All-time high
-0.4396
in 2012
All-time low
-12.52
in 2008
Years of data
28
2003–2030
Cyclically adjusted balance, General government, Percent of potential in Latvia, 2003–2030
Source: International Monetary Fund.
Analysis
Latvia recorded -4.32 for cyclically adjusted balance, general government, percent of potential in 2030.
That represents a change of down 4.0% on the previous year and down 64.4% over ten years.
Over the whole period, cyclically adjusted balance, general government, percent of potential in Latvia peaked at -0.4396 in 2012 and was at its lowest, -12.52, in 2008.
That places Latvia 69th out of 88 countries with data for 2030, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Cyclically adjusted balance, General government, Percent of potential in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | -4.26 | — |
| 2004 | -3.75 | -12.0% |
| 2005 | -4.8 | +27.9% |
| 2006 | -6.18 | +28.8% |
| 2007 | -6.09 | -1.5% |
| 2008 | -12.52 | +105.7% |
| 2009 | -7.24 | -42.2% |
| 2010 | -7.25 | +0.2% |
| 2011 | -3.15 | -56.6% |
| 2012 | -0.4396 | -86.0% |
| 2013 | -1.45 | +229.0% |
| 2014 | -1.68 | +16.0% |
| 2015 | -1.84 | +9.6% |
| 2016 | -1.17 | -36.5% |
| 2017 | -2.18 | +86.7% |
| 2018 | -2.62 | +20.4% |
| 2019 | -1.42 | -46.0% |
| 2020 | -2.63 | +85.2% |
| 2021 | -6.47 | +146.2% |
| 2022 | -4.6 | -28.9% |
| 2023 | -4.41 | -4.1% |
| 2024 | -1.79 | -59.3% |
| 2025 | -3.09 | +72.2% |
| 2026 | -2.76 | -10.5% |
| 2027 | -4.08 | +47.8% |
| 2028 | -3.81 | -6.7% |
| 2029 | -4.15 | +9.0% |
| 2030 | -4.32 | +4.0% |
Latvia compared with similar countries
- Latvia's -4.32 is below the median for high income countries, which is -2.33, 1.9× the median. (48 countries reporting)
- Latvia's -4.32 is below the median for Europe & Central Asia, which is -2.54, 1.7× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.41 | -12.52 | -3.75 | 7 |
| 2010s | -2.32 | -7.25 | -0.4396 | 10 |
| 2020s | -3.78 | -6.47 | -1.79 | 10 |
| 2030s | -4.32 | -4.32 | -4.32 | 1 |
Countries ranked near Latvia
More public sector data for Latvia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 19.00 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)
Frequently asked questions
- What is cyclically adjusted balance, general government, percent of potential in Latvia?
- Cyclically adjusted balance, general government, percent of potential in Latvia was -4.32 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted balance, general government, percent of potential recorded in Latvia?
- The highest recorded value was -0.4396 in 2012.
- What is the lowest cyclically adjusted balance, general government, percent of potential recorded in Latvia?
- The lowest recorded value was -12.52 in 2008.
- How does Latvia rank for cyclically adjusted balance, general government, percent of potential?
- Latvia ranks 69th out of 88 countries with data for 2030.
- Is cyclically adjusted balance, general government, percent of potential rising or falling in Latvia?
- Over the last ten years it is down 64.4%. 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 Cyclically adjusted balance, General government, Percent of potential GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October