Expense, Transactions in Latvia

Latvia: Expense, Transactions was 17.32 billion in 2024. β–² Rising

Latest (2024)
17.32 billion
Change on year
up 5.2%
World rank
32nd
of 35 countries
All-time high
17.32 billion
in 2024
All-time low
2.72 billion
in 2000
Years of data
26
1999–2024

Expense, Transactions in Latvia, 1999–2024

5.0B10.0B15.0B1999201120241999: 2.7B2000: 2.7B2001: 2.8B2002: 3.1B2003: 3.2B2004: 3.8B2005: 4.7B2006: 5.9B2007: 7.1B2008: 8.9B2009: 8.5B2010: 8.2B2011: 8.1B2012: 8.2B2013: 8.6B2014: 9.0B2015: 9.2B2016: 9.5B2017: 10.0B2018: 10.8B2019: 11.3B2020: 12.5B2021: 14.6B2022: 15.4B2023: 16.5B2024: 17.3B

Source: International Monetary Fund.

Analysis

The most recent figure for expense, transactions in Latvia is 17.32 billion, measured in 2024. That is the highest value across all 26 years on record.

Compared with earlier readings it is up 5.2% on the previous year and up 91.8% over ten years.

Over the whole period, expense, transactions in Latvia peaked at 17.32 billion in 2024 and was at its lowest, 2.72 billion, in 2000.

Latvia ranks 32nd of 35 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 2.75 billion 2.75 billion 2.75 billion 1
2000s 5.06 billion 2.72 billion 8.92 billion 10
2010s 9.30 billion 8.13 billion 11.31 billion 10
2020s 15.27 billion 12.53 billion 17.32 billion 5

Countries ranked near Latvia

  1. 29 Luxembourg 41.56 billion compare
  2. 30 Lithuania 33.46 billion compare
  3. 31 Slovenia 33.02 billion compare
  4. 33 Estonia 17.16 billion compare
  5. 34 Cyprus 14.21 billion compare
  6. 35 Malta 8.75 billion compare

See the full ranking of 35 places β†’

More public sector data for Latvia

All data for Latvia β†’

Frequently asked questions

What is expense, transactions in Latvia?
Expense, transactions in Latvia was 17.32 billion in 2024, according to International Monetary Fund.
What is the highest expense, transactions recorded in Latvia?
The highest recorded value was 17.32 billion in 2024.
What is the lowest expense, transactions recorded in Latvia?
The lowest recorded value was 2.72 billion in 2000.
How does Latvia rank for expense, transactions?
Latvia ranks 32nd out of 35 countries with data for 2024.
Is expense, transactions rising or falling in Latvia?
Over the last ten years it is up 91.8%. 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 Expense, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.

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Expense, Transactions in Latvia. Statizoid, drawing on International Monetary Fund. Retrieved 20 August 2026, from https://public-sector.statizoid.com/stat/expense-transactions-statement-of-operations-general-government/latvia/

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About this data

Indicator
Expense, Transactions (Statement of operations, General government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
35 places, 879 data points, 1990–2025
Last refreshed

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.