Expenditure, Transactions in Latvia
Latvia: Expenditure, Transactions was 18.42 billion in 2024. ◆ Volatile
Expenditure, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
The most recent figure for expenditure, transactions in Latvia is 18.42 billion, measured in 2024. That is the highest value across all 26 years on record.
The figure is up 7.1% on the previous year and up 100.3% over ten years.
Over the whole period, expenditure, transactions in Latvia peaked at 18.42 billion in 2024 and was at its lowest, 2.55 billion, in 2000.
Latvia ranks 33rd of 35 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expenditure, Transactions in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 2.56 billion | — |
| 2000 | 2.55 billion | -0.5% |
| 2001 | 2.59 billion | +1.6% |
| 2002 | 2.94 billion | +13.6% |
| 2003 | 3.23 billion | +9.9% |
| 2004 | 3.89 billion | +20.3% |
| 2005 | 4.75 billion | +22.2% |
| 2006 | 6.27 billion | +32.0% |
| 2007 | 7.84 billion | +25.0% |
| 2008 | 9.39 billion | +19.8% |
| 2009 | 8.57 billion | -8.7% |
| 2010 | 8.30 billion | -3.1% |
| 2011 | 8.38 billion | +0.9% |
| 2012 | 8.52 billion | +1.7% |
| 2013 | 8.77 billion | +3.0% |
| 2014 | 9.20 billion | +4.9% |
| 2015 | 9.49 billion | +3.2% |
| 2016 | 9.52 billion | +0.2% |
| 2017 | 10.29 billion | +8.2% |
| 2018 | 11.46 billion | +11.3% |
| 2019 | 11.72 billion | +2.3% |
| 2020 | 12.93 billion | +10.3% |
| 2021 | 15.02 billion | +16.1% |
| 2022 | 15.96 billion | +6.3% |
| 2023 | 17.19 billion | +7.7% |
| 2024 | 18.42 billion | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.56 billion | 2.56 billion | 2.56 billion | 1 |
| 2000s | 5.20 billion | 2.55 billion | 9.39 billion | 10 |
| 2010s | 9.56 billion | 8.30 billion | 11.72 billion | 10 |
| 2020s | 15.91 billion | 12.93 billion | 18.42 billion | 5 |
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, transactions in Latvia?
- Expenditure, transactions in Latvia was 18.42 billion in 2024, according to International Monetary Fund.
- What is the highest expenditure, transactions recorded in Latvia?
- The highest recorded value was 18.42 billion in 2024.
- What is the lowest expenditure, transactions recorded in Latvia?
- The lowest recorded value was 2.55 billion in 2000.
- How does Latvia rank for expenditure, transactions?
- Latvia ranks 33rd out of 35 countries with data for 2024.
- Is expenditure, transactions rising or falling in Latvia?
- Over the last ten years it is up 100.3%. 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, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.