Goods and services expense (% of expense) in Latvia
Latvia: Goods and services expense (% of expense) was 11.0% in 2023. ▼ Falling
Goods and services expense in Latvia, 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Latvia stood at 11.0%.
That represents a change of up 1.4% on the previous year and down 2.1% over ten years.
Over the whole period, goods and services expense in Latvia peaked at 20.1% in 2004 and was at its lowest, 10.1%, in 2009.
That places Latvia 98th out of 154 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Goods and services expense (% of expense) in Latvia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1994 | 17.9% | — |
| 1995 | 15.4% | -14.2% |
| 1996 | 14.4% | -6.3% |
| 1997 | 14.9% | +3.3% |
| 1998 | 13.5% | -9.3% |
| 1999 | 12.1% | -10.4% |
| 2000 | 12.7% | +4.9% |
| 2001 | 17.4% | +37.4% |
| 2002 | 17.1% | -1.7% |
| 2003 | 19.3% | +12.8% |
| 2004 | 20.1% | +4.1% |
| 2005 | 17.1% | -14.9% |
| 2006 | 13.6% | -20.8% |
| 2007 | 12.1% | -10.8% |
| 2008 | 12.1% | -0.5% |
| 2009 | 10.1% | -16.5% |
| 2010 | 11.6% | +14.8% |
| 2011 | 12.0% | +3.9% |
| 2012 | 11.4% | -5.4% |
| 2013 | 11.3% | -0.6% |
| 2014 | 11.5% | +2.2% |
| 2015 | 11.7% | +1.5% |
| 2016 | 10.5% | -10.3% |
| 2017 | 10.6% | +1.2% |
| 2018 | 10.3% | -2.6% |
| 2019 | 11.7% | +13.6% |
| 2020 | 11.5% | -2.3% |
| 2021 | 10.1% | -11.6% |
| 2022 | 10.9% | +7.4% |
| 2023 | 11.0% | +1.4% |
Latvia compared with similar countries
- Latvia's 11.0% is above the median for high income countries, which is 9.6%, 1.2× the median. (56 countries reporting)
- Latvia's 11.0% is above the median for Europe & Central Asia, which is 9.0%, 1.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.7% | 12.1% | 17.9% | 6 |
| 2000s | 15.2% | 10.1% | 20.1% | 10 |
| 2010s | 11.3% | 10.3% | 12.0% | 10 |
| 2020s | 10.9% | 10.1% | 11.5% | 4 |
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 11.0% in 2023, 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 20.1% in 2004.
- What is the lowest goods and services expense recorded in Latvia?
- The lowest recorded value was 10.1% in 2009.
- How does Latvia rank for goods and services expense?
- Latvia ranks 98th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Latvia?
- Over the last ten years it is down 2.1%. The long-run trend across the full record is falling.
- 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 (% of expense). 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.