Interest payments (% of expense) in Latvia
Latvia: Interest payments (% of expense) was 1.9% in 2023. ▬ Flat
Interest payments in Latvia, 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Latvia stood at 1.9%.
Compared with earlier readings it is up 43.3% on the previous year and down 61.1% over ten years.
Over the whole period, interest payments in Latvia peaked at 5.2% in 2012 and was at its lowest, 1.3%, in 2022.
That places Latvia 128th out of 152 countries with data for 2023, putting it in the bottom quarter.
Interest payments (% of expense) in Latvia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1994 | 1.6% | — |
| 1995 | 3.3% | +107.2% |
| 1996 | 4.2% | +25.3% |
| 1997 | 2.5% | -40.7% |
| 1998 | 2.1% | -15.9% |
| 1999 | 1.8% | -11.3% |
| 2000 | 3.0% | +60.3% |
| 2001 | 2.8% | -6.7% |
| 2002 | 2.6% | -6.1% |
| 2003 | 2.5% | -2.0% |
| 2004 | 2.5% | -2.8% |
| 2005 | 1.8% | -25.2% |
| 2006 | 1.6% | -11.0% |
| 2007 | 1.5% | -8.6% |
| 2008 | 1.6% | +7.3% |
| 2009 | 3.5% | +115.4% |
| 2010 | 4.2% | +22.0% |
| 2011 | 5.1% | +19.5% |
| 2012 | 5.2% | +3.7% |
| 2013 | 4.8% | -8.9% |
| 2014 | 4.4% | -7.8% |
| 2015 | 4.2% | -5.8% |
| 2016 | 3.6% | -14.4% |
| 2017 | 3.2% | -10.6% |
| 2018 | 2.4% | -23.0% |
| 2019 | 2.2% | -10.0% |
| 2020 | 1.8% | -18.0% |
| 2021 | 1.3% | -26.6% |
| 2022 | 1.3% | -2.2% |
| 2023 | 1.9% | +43.3% |
Latvia compared with similar countries
- Latvia's 1.9% is below the median for high income countries, which is 3.3%, 57% of the median. (54 countries reporting)
- Latvia's 1.9% is below the median for Europe & Central Asia, which is 3.3%, 56% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Interest payments (% of expense) 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 | +115.4% | 1.6% | 3.5% |
| 1995 | +107.2% | 1.6% | 3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.6% | 1.6% | 4.2% | 6 |
| 2000s | 2.3% | 1.5% | 3.5% | 10 |
| 2010s | 3.9% | 2.2% | 5.2% | 10 |
| 2020s | 1.6% | 1.3% | 1.9% | 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 interest payments in Latvia?
- Interest payments in Latvia was 1.9% in 2023, 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 5.2% in 2012.
- What is the lowest interest payments recorded in Latvia?
- The lowest recorded value was 1.3% in 2022.
- How does Latvia rank for interest payments?
- Latvia ranks 128th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Latvia?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is flat.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.