Expense, Transactions (Statement of operations, General government) in Latvia
Latvia: Expense, Transactions (Statement of operations, General government) was 17.32 billion in 2024. ▲ Rising
Expense, Transactions in Latvia, 1999–2024
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.
Expense, Transactions (Statement of operations, General government) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 2.75 billion | — |
| 2000 | 2.72 billion | -1.1% |
| 2001 | 2.76 billion | +1.5% |
| 2002 | 3.10 billion | +12.3% |
| 2003 | 3.23 billion | +4.5% |
| 2004 | 3.78 billion | +16.9% |
| 2005 | 4.68 billion | +23.9% |
| 2006 | 5.91 billion | +26.1% |
| 2007 | 7.08 billion | +19.9% |
| 2008 | 8.92 billion | +26.0% |
| 2009 | 8.46 billion | -5.2% |
| 2010 | 8.19 billion | -3.1% |
| 2011 | 8.13 billion | -0.8% |
| 2012 | 8.23 billion | +1.3% |
| 2013 | 8.60 billion | +4.4% |
| 2014 | 9.03 billion | +5.0% |
| 2015 | 9.24 billion | +2.3% |
| 2016 | 9.52 billion | +3.0% |
| 2017 | 10.02 billion | +5.3% |
| 2018 | 10.76 billion | +7.4% |
| 2019 | 11.31 billion | +5.1% |
| 2020 | 12.53 billion | +10.8% |
| 2021 | 14.61 billion | +16.6% |
| 2022 | 15.43 billion | +5.6% |
| 2023 | 16.46 billion | +6.7% |
| 2024 | 17.32 billion | +5.2% |
Latvia compared with similar countries
- Latvia's 17.32 billion is below the median for high income countries, which is 639.04 billion, 3% of the median. (32 countries reporting)
- Latvia's 17.32 billion is below the median for Europe & Central Asia, which is 523.01 billion, 3% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
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 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.
Download this data
CSV · JSON — 26 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.