Net operating balance, Transactions (Statement of operations, General) in Latvia
Latvia: Net operating balance, Transactions (Statement of operations, General) was 369.64 million in 2024. ◆ Volatile
Net operating balance, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
In 2024, net operating balance, transactions in Latvia stood at 369.64 million.
The figure is up 281.2% on the previous year and up 266.4% over ten years.
Over the whole period, net operating balance, transactions in Latvia peaked at 634.70 million in 2007 and was at its lowest, -1.92 billion, in 2021.
That places Latvia 11th out of 35 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net operating balance, Transactions (Statement of operations, General) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | -421.24 million | — |
| 2000 | -355.08 million | -15.7% |
| 2001 | -312.89 million | -11.9% |
| 2002 | -347.83 million | +11.2% |
| 2003 | -150.95 million | -56.6% |
| 2004 | -22.72 million | -85.0% |
| 2005 | 4.25 million | -118.7% |
| 2006 | 277.47 million | +6425.7% |
| 2007 | 634.70 million | +128.7% |
| 2008 | -571.75 million | -190.1% |
| 2009 | -1.70 billion | +196.7% |
| 2010 | -1.45 billion | -14.7% |
| 2011 | -605.95 million | -58.1% |
| 2012 | -25.96 million | -95.7% |
| 2013 | -104.86 million | +303.9% |
| 2014 | -222.15 million | +111.8% |
| 2015 | -105.96 million | -52.3% |
| 2016 | -6.85 million | -93.5% |
| 2017 | 196.58 million | -2969.8% |
| 2018 | 311.56 million | +58.5% |
| 2019 | 365.15 million | +17.2% |
| 2020 | -793.41 million | -317.3% |
| 2021 | -1.92 billion | +142.1% |
| 2022 | -1.21 billion | -36.8% |
| 2023 | -204.04 million | -83.2% |
| 2024 | 369.64 million | -281.2% |
Latvia compared with similar countries
- Latvia's 369.64 million is above the median for high income countries, which is -10.11 billion. (32 countries reporting)
- Latvia's 369.64 million is above the median for Europe & Central Asia, which is -3.65 billion. (29 countries reporting)
Biggest year-on-year movements
Years where Net operating balance, Transactions (Statement of operations, General) 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 |
|---|---|---|---|
| 2006 | +6425.7% | 4.25 million | 277.47 million |
| 2017 | +2969.8% | -6.85 million | 196.58 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -421.24 million | -421.24 million | -421.24 million | 1 |
| 2000s | -254.14 million | -1.70 billion | 634.70 million | 10 |
| 2010s | -164.49 million | -1.45 billion | 365.15 million | 10 |
| 2020s | -752.66 million | -1.92 billion | 369.64 million | 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)
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- 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 net operating balance, transactions in Latvia?
- Net operating balance, transactions in Latvia was 369.64 million in 2024, according to International Monetary Fund.
- What is the highest net operating balance, transactions recorded in Latvia?
- The highest recorded value was 634.70 million in 2007.
- What is the lowest net operating balance, transactions recorded in Latvia?
- The lowest recorded value was -1.92 billion in 2021.
- How does Latvia rank for net operating balance, transactions?
- Latvia ranks 11th out of 35 countries with data for 2024.
- Is net operating balance, transactions rising or falling in Latvia?
- Over the last ten years it is up 266.4%. 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 Net 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.