Economic affairs, Ratio of this level of government's expenditure on in Latvia
Latvia: Economic affairs, Ratio of this level of government's expenditure on was 0.8102 in 2020. ▼ Falling
Economic affairs, Ratio of this level of government's expenditure on in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
Latvia recorded 0.8102 for economic affairs, ratio of this level of government's expenditure on in 2020.
The figure is up 8.4% on the previous year and down 1.2% over ten years.
Over the whole period, economic affairs, ratio of this level of government's expenditure on in Latvia peaked at 0.9121 in 1996 and was at its lowest, 0.7147, in 2006.
That places Latvia 29th out of 60 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Economic affairs, Ratio of this level of government's expenditure on in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.8382 | — |
| 1996 | 0.9121 | +8.8% |
| 1997 | 0.8717 | -4.4% |
| 1998 | 0.8961 | +2.8% |
| 1999 | 0.8539 | -4.7% |
| 2000 | 0.8269 | -3.2% |
| 2001 | 0.8118 | -1.8% |
| 2002 | 0.7917 | -2.5% |
| 2003 | 0.8087 | +2.2% |
| 2004 | 0.7778 | -3.8% |
| 2005 | 0.7375 | -5.2% |
| 2006 | 0.7147 | -3.1% |
| 2007 | 0.7538 | +5.5% |
| 2008 | 0.7708 | +2.3% |
| 2009 | 0.7593 | -1.5% |
| 2010 | 0.8204 | +8.0% |
| 2011 | 0.8079 | -1.5% |
| 2012 | 0.7797 | -3.5% |
| 2013 | 0.7696 | -1.3% |
| 2014 | 0.8009 | +4.1% |
| 2015 | 0.8457 | +5.6% |
| 2016 | 0.7922 | -6.3% |
| 2017 | 0.7684 | -3.0% |
| 2018 | 0.7775 | +1.2% |
| 2019 | 0.7472 | -3.9% |
| 2020 | 0.8102 | +8.4% |
Latvia compared with similar countries
- Latvia's 0.8102 is above the median for high income countries, which is 0.7843, 1.0× the median. (36 countries reporting)
- Latvia's 0.8102 is above the median for Europe & Central Asia, which is 0.7841, 1.0× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8744 | 0.8382 | 0.9121 | 5 |
| 2000s | 0.7753 | 0.7147 | 0.8269 | 10 |
| 2010s | 0.791 | 0.7472 | 0.8457 | 10 |
| 2020s | 0.8102 | 0.8102 | 0.8102 | 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 economic affairs, ratio of this level of government's expenditure on in Latvia?
- Economic affairs, ratio of this level of government's expenditure on in Latvia was 0.8102 in 2020, according to International Monetary Fund.
- What is the highest economic affairs, ratio of this level of government's expenditure on recorded in Latvia?
- The highest recorded value was 0.9121 in 1996.
- What is the lowest economic affairs, ratio of this level of government's expenditure on recorded in Latvia?
- The lowest recorded value was 0.7147 in 2006.
- How does Latvia rank for economic affairs, ratio of this level of government's expenditure on?
- Latvia ranks 29th out of 60 countries with data for 2020.
- Is economic affairs, ratio of this level of government's expenditure on rising or falling in Latvia?
- Over the last ten years it is down 1.2%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Economic affairs, 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.