Goods and services expense (current LCU) in Latvia
Latvia: Goods and services expense (current LCU) was 1.47 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Latvia stood at 1.47 billion current LCU.
The figure is down 1.9% on the previous year and up 72.9% over ten years.
Over the whole period, goods and services expense in Latvia peaked at 1.49 billion current LCU in 2023 and was at its lowest, 97.47 million current LCU, in 1994.
Latvia ranks 129th of 155 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 97.47 million current LCU | — |
| 1995 | 195.09 million current LCU | +100.2% |
| 1996 | 204.23 million current LCU | +4.7% |
| 1997 | 252.12 million current LCU | +23.4% |
| 1998 | 266.31 million current LCU | +5.6% |
| 1999 | 262.65 million current LCU | -1.4% |
| 2000 | 275.63 million current LCU | +4.9% |
| 2001 | 379.01 million current LCU | +37.5% |
| 2002 | 415.56 million current LCU | +9.6% |
| 2003 | 503.10 million current LCU | +21.1% |
| 2004 | 605.32 million current LCU | +20.3% |
| 2005 | 634.10 million current LCU | +4.8% |
| 2006 | 615.12 million current LCU | -3.0% |
| 2007 | 679.81 million current LCU | +10.5% |
| 2008 | 862.54 million current LCU | +26.9% |
| 2009 | 703.75 million current LCU | -18.4% |
| 2010 | 810.14 million current LCU | +15.1% |
| 2011 | 806.15 million current LCU | -0.5% |
| 2012 | 765.01 million current LCU | -5.1% |
| 2013 | 784.83 million current LCU | +2.6% |
| 2014 | 847.75 million current LCU | +8.0% |
| 2015 | 867.74 million current LCU | +2.4% |
| 2016 | 789.23 million current LCU | -9.0% |
| 2017 | 840.73 million current LCU | +6.5% |
| 2018 | 892.65 million current LCU | +6.2% |
| 2019 | 1.10 billion current LCU | +23.6% |
| 2020 | 1.21 billion current LCU | +10.1% |
| 2021 | 1.26 billion current LCU | +3.9% |
| 2022 | 1.43 billion current LCU | +13.2% |
| 2023 | 1.49 billion current LCU | +4.5% |
| 2024 | 1.47 billion current LCU | -1.9% |
Latvia compared with similar countries
- Latvia's 1.47 billion current LCU is below the median for high income countries, which is 14.51 billion current LCU, 10% of the median. (57 countries reporting)
- Latvia's 1.47 billion current LCU is below the median for Europe & Central Asia, which is 17.80 billion current LCU, 8% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) 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 | +100.2% | 97.47 million current LCU | 195.09 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 212.98 million current LCU | 97.47 million current LCU | 266.31 million current LCU | 6 |
| 2000s | 567.39 million current LCU | 275.63 million current LCU | 862.54 million current LCU | 10 |
| 2010s | 850.77 million current LCU | 765.01 million current LCU | 1.10 billion current LCU | 10 |
| 2020s | 1.37 billion current LCU | 1.21 billion current LCU | 1.49 billion current LCU | 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 goods and services expense in Latvia?
- Goods and services expense in Latvia was 1.47 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Latvia?
- The highest recorded value was 1.49 billion current LCU in 2023.
- What is the lowest goods and services expense recorded in Latvia?
- The lowest recorded value was 97.47 million current LCU in 1994.
- How does Latvia rank for goods and services expense?
- Latvia ranks 129th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Latvia?
- Over the last ten years it is up 72.9%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.