Expense in Latvia
Latvia: Expense was 13.53 billion current LCU in 2023. ◆ Volatile
Expense in Latvia, 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Latvia is 13.53 billion current LCU, measured in 2023. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 3.1% on the previous year and up 94.4% over ten years.
Over the whole period, expense in Latvia peaked at 13.53 billion current LCU in 2023 and was at its lowest, 543.46 million current LCU, in 1994.
That places Latvia 130th out of 157 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expense in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 543.46 million current LCU | — |
| 1995 | 1.27 billion current LCU | +133.4% |
| 1996 | 1.42 billion current LCU | +11.8% |
| 1997 | 1.69 billion current LCU | +19.5% |
| 1998 | 1.97 billion current LCU | +16.5% |
| 1999 | 2.17 billion current LCU | +10.1% |
| 2000 | 2.17 billion current LCU | +0.0% |
| 2001 | 2.17 billion current LCU | +0.1% |
| 2002 | 2.42 billion current LCU | +11.5% |
| 2003 | 2.60 billion current LCU | +7.3% |
| 2004 | 3.00 billion current LCU | +15.5% |
| 2005 | 3.70 billion current LCU | +23.1% |
| 2006 | 4.53 billion current LCU | +22.5% |
| 2007 | 5.61 billion current LCU | +23.9% |
| 2008 | 7.16 billion current LCU | +27.5% |
| 2009 | 6.99 billion current LCU | -2.3% |
| 2010 | 7.01 billion current LCU | +0.3% |
| 2011 | 6.72 billion current LCU | -4.2% |
| 2012 | 6.74 billion current LCU | +0.3% |
| 2013 | 6.96 billion current LCU | +3.2% |
| 2014 | 7.36 billion current LCU | +5.7% |
| 2015 | 7.42 billion current LCU | +0.8% |
| 2016 | 7.52 billion current LCU | +1.4% |
| 2017 | 7.92 billion current LCU | +5.3% |
| 2018 | 8.63 billion current LCU | +9.0% |
| 2019 | 9.39 billion current LCU | +8.8% |
| 2020 | 10.58 billion current LCU | +12.7% |
| 2021 | 12.44 billion current LCU | +17.5% |
| 2022 | 13.12 billion current LCU | +5.5% |
| 2023 | 13.53 billion current LCU | +3.1% |
Latvia compared with similar countries
- Latvia's 13.53 billion current LCU is below the median for high income countries, which is 134.42 billion current LCU, 10% of the median. (57 countries reporting)
- Latvia's 13.53 billion current LCU is below the median for Europe & Central Asia, which is 301.38 billion current LCU, 4% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Expense 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 |
|---|---|---|---|
| 1995 | +133.4% | 543.46 million current LCU | 1.27 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.51 billion current LCU | 543.46 million current LCU | 2.17 billion current LCU | 6 |
| 2000s | 4.04 billion current LCU | 2.17 billion current LCU | 7.16 billion current LCU | 10 |
| 2010s | 7.57 billion current LCU | 6.72 billion current LCU | 9.39 billion current LCU | 10 |
| 2020s | 12.42 billion current LCU | 10.58 billion current LCU | 13.53 billion current LCU | 4 |
Countries ranked near Latvia
More public sector data for Latvia
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is expense in Latvia?
- Expense in Latvia was 13.53 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Latvia?
- The highest recorded value was 13.53 billion current LCU in 2023.
- What is the lowest expense recorded in Latvia?
- The lowest recorded value was 543.46 million current LCU in 1994.
- How does Latvia rank for expense?
- Latvia ranks 130th out of 157 countries with data for 2023.
- Is expense rising or falling in Latvia?
- Over the last ten years it is up 94.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.