Expenditure, General government, Domestic currency in Latvia
Latvia: Expenditure, General government, Domestic currency was 26.74 billion in 2031. ◆ Volatile
Expenditure, General government, Domestic currency in Latvia, 1998–2031
Source: International Monetary Fund.
Analysis
The most recent figure for expenditure, general government, domestic currency in Latvia is 26.74 billion, measured in 2031. That is the highest value across all 34 years on record.
That represents a change of up 5.2% on the previous year and up 85.8% over ten years.
Over the whole period, expenditure, general government, domestic currency in Latvia peaked at 26.74 billion in 2031 and was at its lowest, 2.23 billion, in 1998.
That places Latvia 23rd out of 26 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expenditure, General government, Domestic currency in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 2.23 billion | — |
| 1999 | 2.47 billion | +10.6% |
| 2000 | 2.48 billion | +0.6% |
| 2001 | 2.56 billion | +3.3% |
| 2002 | 2.88 billion | +12.3% |
| 2003 | 3.15 billion | +9.4% |
| 2004 | 3.70 billion | +17.5% |
| 2005 | 4.69 billion | +26.9% |
| 2006 | 5.79 billion | +23.4% |
| 2007 | 7.48 billion | +29.1% |
| 2008 | 8.92 billion | +19.2% |
| 2009 | 8.06 billion | -9.7% |
| 2010 | 7.72 billion | -4.2% |
| 2011 | 7.88 billion | +2.1% |
| 2012 | 8.14 billion | +3.2% |
| 2013 | 8.49 billion | +4.4% |
| 2014 | 8.93 billion | +5.2% |
| 2015 | 9.19 billion | +2.9% |
| 2016 | 9.17 billion | -0.2% |
| 2017 | 9.84 billion | +7.4% |
| 2018 | 11.09 billion | +12.7% |
| 2019 | 11.52 billion | +3.9% |
| 2020 | 12.46 billion | +8.1% |
| 2021 | 14.39 billion | +15.5% |
| 2022 | 15.72 billion | +9.2% |
| 2023 | 16.96 billion | +7.9% |
| 2024 | 17.87 billion | +5.4% |
| 2025 | 19.52 billion | +9.2% |
| 2026 | 20.44 billion | +4.7% |
| 2027 | 21.84 billion | +6.9% |
| 2028 | 22.95 billion | +5.1% |
| 2029 | 24.10 billion | +5.0% |
| 2030 | 25.42 billion | +5.5% |
| 2031 | 26.74 billion | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.35 billion | 2.23 billion | 2.47 billion | 2 |
| 2000s | 4.97 billion | 2.48 billion | 8.92 billion | 10 |
| 2010s | 9.20 billion | 7.72 billion | 11.52 billion | 10 |
| 2020s | 18.63 billion | 12.46 billion | 24.10 billion | 10 |
| 2030s | 26.08 billion | 25.42 billion | 26.74 billion | 2 |
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 expenditure, general government, domestic currency in Latvia?
- Expenditure, general government, domestic currency in Latvia was 26.74 billion in 2031, according to International Monetary Fund.
- What is the highest expenditure, general government, domestic currency recorded in Latvia?
- The highest recorded value was 26.74 billion in 2031.
- What is the lowest expenditure, general government, domestic currency recorded in Latvia?
- The lowest recorded value was 2.23 billion in 1998.
- How does Latvia rank for expenditure, general government, domestic currency?
- Latvia ranks 23rd out of 26 countries with data for 2031.
- Is expenditure, general government, domestic currency rising or falling in Latvia?
- Over the last ten years it is up 85.8%. 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 Expenditure, General government, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.