Interest payments in Latvia
Latvia: Interest payments was 2.7% in 2024. ▼ Falling
Interest payments in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Latvia recorded 2.7% for interest payments in 2024.
The figure is up 43.9% on the previous year and down 41.5% over ten years.
Over the whole period, interest payments in Latvia peaked at 5.6% in 2011 and was at its lowest, 1.4%, in 2007.
That places Latvia 120th out of 155 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Interest payments in Latvia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1994 | 1.7% | — |
| 1995 | 3.7% | +120.6% |
| 1996 | 4.8% | +29.8% |
| 1997 | 2.6% | -46.2% |
| 1998 | 2.2% | -13.4% |
| 1999 | 2.1% | -3.6% |
| 2000 | 3.4% | +59.2% |
| 2001 | 3.1% | -10.1% |
| 2002 | 2.8% | -6.9% |
| 2003 | 2.7% | -5.6% |
| 2004 | 2.5% | -7.1% |
| 2005 | 1.8% | -26.4% |
| 2006 | 1.5% | -17.4% |
| 2007 | 1.4% | -8.9% |
| 2008 | 1.8% | +27.8% |
| 2009 | 4.5% | +154.7% |
| 2010 | 5.5% | +22.9% |
| 2011 | 5.6% | +1.7% |
| 2012 | 5.4% | -4.9% |
| 2013 | 4.9% | -8.7% |
| 2014 | 4.6% | -6.1% |
| 2015 | 4.2% | -8.1% |
| 2016 | 3.5% | -16.3% |
| 2017 | 3.1% | -11.9% |
| 2018 | 2.4% | -23.7% |
| 2019 | 2.2% | -6.9% |
| 2020 | 2.0% | -10.7% |
| 2021 | 1.6% | -19.9% |
| 2022 | 1.5% | -7.5% |
| 2023 | 1.9% | +27.7% |
| 2024 | 2.7% | +43.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.8% | 1.7% | 4.8% | 6 |
| 2000s | 2.6% | 1.4% | 4.5% | 10 |
| 2010s | 4.1% | 2.2% | 5.6% | 10 |
| 2020s | 1.9% | 1.5% | 2.7% | 5 |
Countries ranked near Latvia
More public sector data for Latvia
- Arms imports 10.00 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)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 763.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0324 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.43 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 674.92 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Latvia?
- Interest payments in Latvia was 2.7% 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 5.6% in 2011.
- What is the lowest interest payments recorded in Latvia?
- The lowest recorded value was 1.4% in 2007.
- How does Latvia rank for interest payments?
- Latvia ranks 120th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Latvia?
- Over the last ten years it is down 41.5%. 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 Interest payments (% of revenue). Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.