Interest, payable, Ratio of this level of government's … total in Latvia
Latvia: Interest, payable, Ratio of this level of government's … total was 0.8933 in 2020. ▲ Rising
Interest, payable, Ratio of this level of government's expenditure on in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
Latvia recorded 0.8933 for interest, payable, ratio of this level of government's expenditure on in 2020.
Compared with earlier readings it is down 1.3% on the previous year and down 12.3% over ten years.
Over the whole period, interest, payable, ratio of this level of government's expenditure on in Latvia peaked at 1.35 in 2008 and was at its lowest, 0.8114, in 1997.
That places Latvia 62nd out of 80 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Interest, payable, Ratio of this level of government's … total in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.9148 | — |
| 1996 | 0.8698 | -4.9% |
| 1997 | 0.8114 | -6.7% |
| 1998 | 0.874 | +7.7% |
| 1999 | 0.8176 | -6.4% |
| 2000 | 0.915 | +11.9% |
| 2001 | 0.844 | -7.8% |
| 2002 | 0.9479 | +12.3% |
| 2003 | 0.885 | -6.6% |
| 2004 | 0.8627 | -2.5% |
| 2005 | 0.8769 | +1.6% |
| 2006 | 0.8932 | +1.9% |
| 2007 | 1.27 | +42.2% |
| 2008 | 1.35 | +6.6% |
| 2009 | 1.1 | -18.6% |
| 2010 | 1.02 | -7.5% |
| 2011 | 0.9238 | -9.3% |
| 2012 | 0.9125 | -1.2% |
| 2013 | 0.8983 | -1.5% |
| 2014 | 0.9022 | +0.4% |
| 2015 | 0.91 | +0.9% |
| 2016 | 0.9052 | -0.5% |
| 2017 | 0.8873 | -2.0% |
| 2018 | 0.8965 | +1.0% |
| 2019 | 0.9052 | +1.0% |
| 2020 | 0.8933 | -1.3% |
Latvia compared with similar countries
- Latvia's 0.8933 is below the median for high income countries, which is 0.9354, 95% of the median. (42 countries reporting)
- Latvia's 0.8933 is below the median for Europe & Central Asia, which is 0.966, 92% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Interest, payable, Ratio of this level of government's … total 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 |
|---|---|---|---|
| 2007 | +42.2% | 0.8932 | 1.27 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8575 | 0.8114 | 0.9148 | 5 |
| 2000s | 0.995 | 0.844 | 1.35 | 10 |
| 2010s | 0.916 | 0.8873 | 1.02 | 10 |
| 2020s | 0.8933 | 0.8933 | 0.8933 | 1 |
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 interest, payable, ratio of this level of government's expenditure on in Latvia?
- Interest, payable, ratio of this level of government's expenditure on in Latvia was 0.8933 in 2020, according to International Monetary Fund.
- What is the highest interest, payable, ratio of this level of government's expenditure on recorded in Latvia?
- The highest recorded value was 1.35 in 2008.
- What is the lowest interest, payable, ratio of this level of government's expenditure on recorded in Latvia?
- The lowest recorded value was 0.8114 in 1997.
- How does Latvia rank for interest, payable, ratio of this level of government's expenditure on?
- Latvia ranks 62nd out of 80 countries with data for 2020.
- Is interest, payable, ratio of this level of government's expenditure on rising or falling in Latvia?
- Over the last ten years it is down 12.3%. 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 Interest, payable, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.