Deficit, Percent of own spending (Central government) in Latvia
Latvia: Deficit, Percent of own spending (Central government) was -0.2415 in 2020. ◆ Volatile
Deficit, Percent of own spending in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
Latvia recorded -0.2415 for deficit, percent of own spending in 2020.
That represents a change of down 91.9% on the previous year and up 10.8% over ten years.
Over the whole period, deficit, percent of own spending in Latvia peaked at 0.0023 in 2016 and was at its lowest, -0.3079, in 2009.
That places Latvia 30th out of 66 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deficit, Percent of own spending (Central government) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | -0.1455 | — |
| 1996 | -0.1664 | +14.3% |
| 1997 | 0.0017 | -101.0% |
| 1998 | -0.0049 | -387.7% |
| 1999 | -0.0989 | +1915.7% |
| 2000 | -0.1196 | +21.0% |
| 2001 | -0.0659 | -44.9% |
| 2002 | -0.1068 | +62.0% |
| 2003 | -0.1278 | +19.7% |
| 2004 | -0.1054 | -17.5% |
| 2005 | -0.0852 | -19.2% |
| 2006 | -0.1016 | +19.2% |
| 2007 | -0.1312 | +29.2% |
| 2008 | -0.2398 | +82.8% |
| 2009 | -0.3079 | +28.4% |
| 2010 | -0.2708 | -12.1% |
| 2011 | -0.1401 | -48.3% |
| 2012 | -0.0436 | -68.9% |
| 2013 | -0.0228 | -47.7% |
| 2014 | -0.0931 | +308.5% |
| 2015 | -0.1001 | +7.5% |
| 2016 | 0.0023 | -102.3% |
| 2017 | -0.0476 | -2147.7% |
| 2018 | -0.0548 | +15.1% |
| 2019 | -0.1259 | +129.8% |
| 2020 | -0.2415 | +91.9% |
Latvia compared with similar countries
- Latvia's -0.2415 is above the median for high income countries, which is -0.2946, 82% of the median. (29 countries reporting)
- Latvia's -0.2415 is above the median for Europe & Central Asia, which is -0.2415, 1.0× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Deficit, Percent of own spending (Central government) 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 |
|---|---|---|---|
| 2017 | -2147.7% | 0.0023 | -0.0476 |
| 1999 | -1915.7% | -0.0049 | -0.0989 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.0828 | -0.1664 | 0.0017 | 5 |
| 2000s | -0.1391 | -0.3079 | -0.0659 | 10 |
| 2010s | -0.0896 | -0.2708 | 0.0023 | 10 |
| 2020s | -0.2415 | -0.2415 | -0.2415 | 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 deficit, percent of own spending in Latvia?
- Deficit, percent of own spending in Latvia was -0.2415 in 2020, according to International Monetary Fund.
- What is the highest deficit, percent of own spending recorded in Latvia?
- The highest recorded value was 0.0023 in 2016.
- What is the lowest deficit, percent of own spending recorded in Latvia?
- The lowest recorded value was -0.3079 in 2009.
- How does Latvia rank for deficit, percent of own spending?
- Latvia ranks 30th out of 66 countries with data for 2020.
- Is deficit, percent of own spending rising or falling in Latvia?
- Over the last ten years it is up 10.8%. 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 Deficit, Percent of own spending (Central government). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.