Expenditure, General government, Percent of GDP (Percent GDP) in Latvia
Latvia: Expenditure, General government, Percent of GDP (Percent GDP) was 45.02 in 2030. ▲ Rising
Latest (2030)
45.02
Change on year
up 0.2%
World rank
29th
of 195 countries
All-time high
45.02
in 2030
All-time low
34.43
in 2003
Years of data
32
1999–2030
Expenditure, General government, Percent of GDP in Latvia, 1999–2030
Source: International Monetary Fund.
Analysis
In 2030, expenditure, general government, percent of gdp in Latvia stood at 45.02. That is the highest value across all 32 years on record.
That represents a change of up 0.2% on the previous year and up 5.6% over ten years.
Over the whole period, expenditure, general government, percent of gdp in Latvia peaked at 45.02 in 2030 and was at its lowest, 34.43, in 2003.
That places Latvia 29th out of 195 countries with data for 2030, putting it in the top quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Expenditure, General government, Percent of GDP (Percent GDP) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 40.43 | — |
| 2000 | 37.04 | -8.4% |
| 2001 | 35.02 | -5.5% |
| 2002 | 35.36 | +1.0% |
| 2003 | 34.43 | -2.6% |
| 2004 | 34.8 | +1.1% |
| 2005 | 35.81 | +2.9% |
| 2006 | 35.55 | -0.7% |
| 2007 | 34.76 | -2.2% |
| 2008 | 38.18 | +9.8% |
| 2009 | 43.59 | +14.1% |
| 2010 | 43.55 | -0.1% |
| 2011 | 41.24 | -5.3% |
| 2012 | 38.55 | -6.5% |
| 2013 | 38.68 | +0.3% |
| 2014 | 39.18 | +1.3% |
| 2015 | 38.7 | -1.2% |
| 2016 | 37.41 | -3.3% |
| 2017 | 37.83 | +1.1% |
| 2018 | 39.4 | +4.1% |
| 2019 | 38.98 | -1.1% |
| 2020 | 42.64 | +9.4% |
| 2021 | 44.59 | +4.6% |
| 2022 | 43.54 | -2.3% |
| 2023 | 43.07 | -1.1% |
| 2024 | 44.47 | +3.2% |
| 2025 | 44.29 | -0.4% |
| 2026 | 44.04 | -0.6% |
| 2027 | 44.84 | +1.8% |
| 2028 | 44.63 | -0.5% |
| 2029 | 44.91 | +0.6% |
| 2030 | 45.02 | +0.2% |
Latvia compared with similar countries
- Latvia's 45.02 is above the median for high income countries, which is 39.25, 1.1× the median. (66 countries reporting)
- Latvia's 45.02 is above the median for Europe & Central Asia, which is 42.81, 1.1× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.43 | 40.43 | 40.43 | 1 |
| 2000s | 36.46 | 34.43 | 43.59 | 10 |
| 2010s | 39.35 | 37.41 | 43.55 | 10 |
| 2020s | 44.1 | 42.64 | 44.91 | 10 |
| 2030s | 45.02 | 45.02 | 45.02 | 1 |
Countries ranked near Latvia
- 26 Croatia 47.48 compare
- 27 Netherlands 47.04 compare
- 28 Slovakia 46.8 compare
- 30 Montenegro 44.82 compare
- 31 Brazil 44.69 compare
- 32 Bosnia and Herzegovina 44.39 compare
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 expenditure, general government, percent of gdp in Latvia?
- Expenditure, general government, percent of gdp in Latvia was 45.02 in 2030, according to International Monetary Fund.
- What is the highest expenditure, general government, percent of gdp recorded in Latvia?
- The highest recorded value was 45.02 in 2030.
- What is the lowest expenditure, general government, percent of gdp recorded in Latvia?
- The lowest recorded value was 34.43 in 2003.
- How does Latvia rank for expenditure, general government, percent of gdp?
- Latvia ranks 29th out of 195 countries with data for 2030.
- Is expenditure, general government, percent of gdp rising or falling in Latvia?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Expenditure, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October