Other expense in Latvia
Latvia: Other expense was 1.44 billion current LCU in 2024. ◆ Volatile
Other expense in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for other expense in Latvia is 1.44 billion current LCU, measured in 2024.
That represents a change of down 7.8% on the previous year and up 43.8% over ten years.
Over the whole period, other expense in Latvia peaked at 1.56 billion current LCU in 2023 and was at its lowest, 2.86 million current LCU, in 1994.
Latvia ranks 117th of 149 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Other expense in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 2.86 million current LCU | — |
| 1995 | 173.04 million current LCU | +5950.2% |
| 1996 | 151.25 million current LCU | -12.6% |
| 1997 | 244.18 million current LCU | +61.4% |
| 1998 | 356.57 million current LCU | +46.0% |
| 1999 | 349.88 million current LCU | -1.9% |
| 2000 | 359.74 million current LCU | +2.8% |
| 2001 | 254.12 million current LCU | -29.4% |
| 2002 | 296.99 million current LCU | +16.9% |
| 2003 | 210.66 million current LCU | -29.1% |
| 2004 | 287.81 million current LCU | +36.6% |
| 2005 | 560.55 million current LCU | +94.8% |
| 2006 | 868.50 million current LCU | +54.9% |
| 2007 | 881.30 million current LCU | +1.5% |
| 2008 | 1.21 billion current LCU | +36.8% |
| 2009 | 1.01 billion current LCU | -16.2% |
| 2010 | 1.24 billion current LCU | +22.7% |
| 2011 | 1.07 billion current LCU | -13.8% |
| 2012 | 966.67 million current LCU | -9.5% |
| 2013 | 869.72 million current LCU | -10.0% |
| 2014 | 1.00 billion current LCU | +15.2% |
| 2015 | 940.46 million current LCU | -6.1% |
| 2016 | 946.33 million current LCU | +0.6% |
| 2017 | 973.33 million current LCU | +2.9% |
| 2018 | 1.13 billion current LCU | +16.3% |
| 2019 | 941.57 million current LCU | -16.8% |
| 2020 | 1.24 billion current LCU | +31.6% |
| 2021 | 1.44 billion current LCU | +16.0% |
| 2022 | 1.43 billion current LCU | -0.6% |
| 2023 | 1.56 billion current LCU | +9.4% |
| 2024 | 1.44 billion current LCU | -7.8% |
Latvia compared with similar countries
- Latvia's 1.44 billion current LCU is below the median for high income countries, which is 13.99 billion current LCU, 10% of the median. (56 countries reporting)
- Latvia's 1.44 billion current LCU is below the median for Europe & Central Asia, which is 17.49 billion current LCU, 8% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Other 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 |
|---|---|---|---|
| 1995 | +5950.2% | 2.86 million current LCU | 173.04 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 212.96 million current LCU | 2.86 million current LCU | 356.57 million current LCU | 6 |
| 2000s | 593.61 million current LCU | 210.66 million current LCU | 1.21 billion current LCU | 10 |
| 2010s | 1.01 billion current LCU | 869.72 million current LCU | 1.24 billion current LCU | 10 |
| 2020s | 1.42 billion current LCU | 1.24 billion current LCU | 1.56 billion current LCU | 5 |
Countries ranked near Latvia
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 other expense in Latvia?
- Other expense in Latvia was 1.44 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other expense recorded in Latvia?
- The highest recorded value was 1.56 billion current LCU in 2023.
- What is the lowest other expense recorded in Latvia?
- The lowest recorded value was 2.86 million current LCU in 1994.
- How does Latvia rank for other expense?
- Latvia ranks 117th out of 149 countries with data for 2024.
- Is other expense rising or falling in Latvia?
- Over the last ten years it is up 43.8%. 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 Other expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. 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.