Interest payments in Latvia
Latvia: Interest payments was 390.92 million current LCU in 2024. ◆ Volatile
Interest payments in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Latvia recorded 390.92 million current LCU for interest payments in 2024. That is the highest value across all 31 years on record.
That represents a change of up 55.5% on the previous year and up 20.6% over ten years.
Over the whole period, interest payments in Latvia peaked at 390.92 million current LCU in 2024 and was at its lowest, 8.72 million current LCU, in 1994.
Latvia ranks 136th 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.
Interest payments in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 8.72 million current LCU | — |
| 1995 | 42.17 million current LCU | +383.6% |
| 1996 | 59.06 million current LCU | +40.0% |
| 1997 | 41.87 million current LCU | -29.1% |
| 1998 | 41.02 million current LCU | -2.0% |
| 1999 | 40.05 million current LCU | -2.4% |
| 2000 | 64.22 million current LCU | +60.4% |
| 2001 | 59.97 million current LCU | -6.6% |
| 2002 | 62.79 million current LCU | +4.7% |
| 2003 | 66.02 million current LCU | +5.1% |
| 2004 | 74.13 million current LCU | +12.3% |
| 2005 | 68.23 million current LCU | -8.0% |
| 2006 | 74.38 million current LCU | +9.0% |
| 2007 | 84.23 million current LCU | +13.2% |
| 2008 | 115.23 million current LCU | +36.8% |
| 2009 | 242.52 million current LCU | +110.5% |
| 2010 | 296.90 million current LCU | +22.4% |
| 2011 | 339.83 million current LCU | +14.5% |
| 2012 | 353.49 million current LCU | +4.0% |
| 2013 | 332.41 million current LCU | -6.0% |
| 2014 | 324.10 million current LCU | -2.5% |
| 2015 | 307.87 million current LCU | -5.0% |
| 2016 | 267.21 million current LCU | -13.2% |
| 2017 | 251.41 million current LCU | -5.9% |
| 2018 | 211.08 million current LCU | -16.0% |
| 2019 | 206.76 million current LCU | -2.0% |
| 2020 | 191.00 million current LCU | -7.6% |
| 2021 | 164.84 million current LCU | -13.7% |
| 2022 | 170.11 million current LCU | +3.2% |
| 2023 | 251.42 million current LCU | +47.8% |
| 2024 | 390.92 million current LCU | +55.5% |
Latvia compared with similar countries
- Latvia's 390.92 million current LCU is below the median for high income countries, which is 6.90 billion current LCU, 6% of the median. (55 countries reporting)
- Latvia's 390.92 million current LCU is below the median for Europe & Central Asia, which is 9.50 billion current LCU, 4% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Interest payments 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 | +383.6% | 8.72 million current LCU | 42.17 million current LCU |
| 2009 | +110.5% | 115.23 million current LCU | 242.52 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38.81 million current LCU | 8.72 million current LCU | 59.06 million current LCU | 6 |
| 2000s | 91.17 million current LCU | 59.97 million current LCU | 242.52 million current LCU | 10 |
| 2010s | 289.11 million current LCU | 206.76 million current LCU | 353.49 million current LCU | 10 |
| 2020s | 233.66 million current LCU | 164.84 million current LCU | 390.92 million current LCU | 5 |
Countries ranked near Latvia
- 133 Seychelles 448.87 million current LCU compare
- 134 Azerbaijan 445.48 million current LCU compare
- 135 Cyprus 399.40 million current LCU compare
- 137 Malta 268.30 million current LCU compare
- 138 Luxembourg 243.70 million current LCU compare
- 139 Estonia 225.80 million current LCU compare
More public sector data for Latvia
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Latvia?
- Interest payments in Latvia was 390.92 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Latvia?
- The highest recorded value was 390.92 million current LCU in 2024.
- What is the lowest interest payments recorded in Latvia?
- The lowest recorded value was 8.72 million current LCU in 1994.
- How does Latvia rank for interest payments?
- Latvia ranks 136th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Latvia?
- Over the last ten years it is up 20.6%. 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 Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.