Cyclically adjusted primary balance, General government, Percent in Latvia
Latvia: Cyclically adjusted primary balance, General government, Percent was -2.73 in 2030. ◆ Volatile
Cyclically adjusted primary balance, General government, Percent of in Latvia, 2003–2030
Source: International Monetary Fund.
Analysis
The most recent figure for cyclically adjusted primary balance, general government, percent of in Latvia is -2.73, measured in 2030.
The figure is down 6.4% on the previous year and down 55.9% over ten years.
Over the whole period, cyclically adjusted primary balance, general government, percent of in Latvia peaked at 1.18 in 2012 and was at its lowest, -12.08, in 2008.
Latvia ranks 76th of 86 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Cyclically adjusted primary balance, General government, Percent in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | -3.4 | — |
| 2004 | -2.96 | -13.2% |
| 2005 | -4.16 | +40.8% |
| 2006 | -5.6 | +34.5% |
| 2007 | -5.68 | +1.4% |
| 2008 | -12.08 | +112.8% |
| 2009 | -6.1 | -49.5% |
| 2010 | -5.82 | -4.5% |
| 2011 | -1.64 | -71.8% |
| 2012 | 1.18 | -171.7% |
| 2013 | 0.0639 | -94.6% |
| 2014 | -0.1417 | -321.7% |
| 2015 | 0.0091 | -106.4% |
| 2016 | 0.1172 | +1192.9% |
| 2017 | -0.999 | -952.1% |
| 2018 | -1.6 | +60.1% |
| 2019 | -0.5049 | -68.4% |
| 2020 | -1.75 | +247.4% |
| 2021 | -5.66 | +222.6% |
| 2022 | -4.04 | -28.6% |
| 2023 | -3.81 | -5.8% |
| 2024 | -0.8686 | -77.2% |
| 2025 | -2.02 | +132.7% |
| 2026 | -1.46 | -28.0% |
| 2027 | -2.63 | +80.5% |
| 2028 | -2.3 | -12.3% |
| 2029 | -2.57 | +11.5% |
| 2030 | -2.73 | +6.4% |
Latvia compared with similar countries
- Latvia's -2.73 is below the median for high income countries, which is -1.15, 2.4× the median. (47 countries reporting)
- Latvia's -2.73 is below the median for Europe & Central Asia, which is -1.19, 2.3× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Cyclically adjusted primary balance, General government, Percent 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 |
|---|---|---|---|
| 2016 | +1192.9% | 0.0091 | 0.1172 |
| 2017 | -952.1% | 0.1172 | -0.999 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.71 | -12.08 | -2.96 | 7 |
| 2010s | -0.9341 | -5.82 | 1.18 | 10 |
| 2020s | -2.71 | -5.66 | -0.8686 | 10 |
| 2030s | -2.73 | -2.73 | -2.73 | 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)
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- Arms imports (SIPRI trend indicator values), per capita 5.36 SIPRI trend indicator values per person (2024)
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Frequently asked questions
- What is cyclically adjusted primary balance, general government, percent of in Latvia?
- Cyclically adjusted primary balance, general government, percent of in Latvia was -2.73 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted primary balance, general government, percent of recorded in Latvia?
- The highest recorded value was 1.18 in 2012.
- What is the lowest cyclically adjusted primary balance, general government, percent of recorded in Latvia?
- The lowest recorded value was -12.08 in 2008.
- How does Latvia rank for cyclically adjusted primary balance, general government, percent of?
- Latvia ranks 76th out of 86 countries with data for 2030.
- Is cyclically adjusted primary balance, general government, percent of rising or falling in Latvia?
- Over the last ten years it is down 55.9%. 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 primary 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