Gross operating balance, Transactions (Statement of operations) in Latvia
Latvia: Gross operating balance, Transactions (Statement of operations) was 1.98 billion in 2024. ◆ Volatile
Gross operating balance, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
The most recent figure for gross operating balance, transactions in Latvia is 1.98 billion, measured in 2024. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 47.0% on the previous year and up 177.8% over ten years.
Over the whole period, gross operating balance, transactions in Latvia peaked at 1.98 billion in 2024 and was at its lowest, -974.63 million, in 2009.
Latvia ranks 22nd of 35 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross operating balance, Transactions (Statement of operations) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | -122.92 million | — |
| 2000 | -63.67 million | -48.2% |
| 2001 | -26.70 million | -58.1% |
| 2002 | -61.77 million | +131.4% |
| 2003 | 154.39 million | -349.9% |
| 2004 | 321.26 million | +108.1% |
| 2005 | 425.19 million | +32.4% |
| 2006 | 821.99 million | +93.3% |
| 2007 | 1.35 billion | +64.2% |
| 2008 | 245.83 million | -81.8% |
| 2009 | -974.63 million | -496.5% |
| 2010 | -710.01 million | -27.2% |
| 2011 | 183.31 million | -125.8% |
| 2012 | 834.97 million | +355.5% |
| 2013 | 796.61 million | -4.6% |
| 2014 | 713.28 million | -10.5% |
| 2015 | 845.14 million | +18.5% |
| 2016 | 948.82 million | +12.3% |
| 2017 | 1.19 billion | +25.1% |
| 2018 | 1.36 billion | +14.5% |
| 2019 | 1.48 billion | +8.6% |
| 2020 | 483.02 million | -67.3% |
| 2021 | -576.96 million | -219.4% |
| 2022 | 269.41 million | -146.7% |
| 2023 | 1.35 billion | +400.4% |
| 2024 | 1.98 billion | +47.0% |
Latvia compared with similar countries
- Latvia's 1.98 billion is below the median for high income countries, which is 2.68 billion, 74% of the median. (32 countries reporting)
- Latvia's 1.98 billion is below the median for Europe & Central Asia, which is 2.87 billion, 69% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross operating balance, Transactions (Statement of operations) 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 |
|---|---|---|---|
| 2009 | -496.5% | 245.83 million | -974.63 million |
| 2023 | +400.4% | 269.41 million | 1.35 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -122.92 million | -122.92 million | -122.92 million | 1 |
| 2000s | 219.17 million | -974.63 million | 1.35 billion | 10 |
| 2010s | 763.41 million | -710.01 million | 1.48 billion | 10 |
| 2020s | 701.05 million | -576.96 million | 1.98 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 gross operating balance, transactions in Latvia?
- Gross operating balance, transactions in Latvia was 1.98 billion in 2024, according to International Monetary Fund.
- What is the highest gross operating balance, transactions recorded in Latvia?
- The highest recorded value was 1.98 billion in 2024.
- What is the lowest gross operating balance, transactions recorded in Latvia?
- The lowest recorded value was -974.63 million in 2009.
- How does Latvia rank for gross operating balance, transactions?
- Latvia ranks 22nd out of 35 countries with data for 2024.
- Is gross operating balance, transactions rising or falling in Latvia?
- Over the last ten years it is up 177.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross operating balance, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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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.