Overall primary balance, Transactions (Statement of operations) in Latvia
Latvia: Overall primary balance, Transactions (Statement of operations) was 812.99 million in 2024. ◆ Volatile
Overall primary balance, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
Latvia recorded 812.99 million for overall primary balance, transactions in 2024. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 881.6% on the previous year and up 721.9% over ten years.
Over the whole period, overall primary balance, transactions in Latvia peaked at 812.99 million in 2024 and was at its lowest, -1.75 billion, in 2021.
That places Latvia 20th 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.
Overall primary balance, Transactions (Statement of operations) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | -381.39 million | — |
| 2000 | -290.78 million | -23.8% |
| 2001 | -245.24 million | -15.7% |
| 2002 | -287.34 million | +17.2% |
| 2003 | -78.45 million | -72.7% |
| 2004 | 59.62 million | -176.0% |
| 2005 | 78.91 million | +32.4% |
| 2006 | 355.62 million | +350.7% |
| 2007 | 720.09 million | +102.5% |
| 2008 | -430.42 million | -159.8% |
| 2009 | -1.40 billion | +226.0% |
| 2010 | -1.12 billion | -19.9% |
| 2011 | -246.32 million | -78.1% |
| 2012 | 342.18 million | -238.9% |
| 2013 | 239.90 million | -29.9% |
| 2014 | 98.91 million | -58.8% |
| 2015 | 205.22 million | +107.5% |
| 2016 | 267.03 million | +30.1% |
| 2017 | 460.98 million | +72.6% |
| 2018 | 537.39 million | +16.6% |
| 2019 | 588.18 million | +9.5% |
| 2020 | -581.65 million | -198.9% |
| 2021 | -1.75 billion | +200.1% |
| 2022 | -1.03 billion | -40.9% |
| 2023 | 82.82 million | -108.0% |
| 2024 | 812.99 million | +881.6% |
Latvia compared with similar countries
- Latvia's 812.99 million is below the median for high income countries, which is 864.22 million, 94% of the median. (32 countries reporting)
- Latvia's 812.99 million is below the median for Europe & Central Asia, which is 915.45 million, 89% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Overall primary balance, Transactions (Statement of operations) 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 |
|---|---|---|---|
| 2024 | +881.6% | 82.82 million | 812.99 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -381.39 million | -381.39 million | -381.39 million | 1 |
| 2000s | -152.10 million | -1.40 billion | 720.09 million | 10 |
| 2010s | 136.90 million | -1.12 billion | 588.18 million | 10 |
| 2020s | -492.58 million | -1.75 billion | 812.99 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)
- 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 overall primary balance, transactions in Latvia?
- Overall primary balance, transactions in Latvia was 812.99 million in 2024, according to International Monetary Fund.
- What is the highest overall primary balance, transactions recorded in Latvia?
- The highest recorded value was 812.99 million in 2024.
- What is the lowest overall primary balance, transactions recorded in Latvia?
- The lowest recorded value was -1.75 billion in 2021.
- How does Latvia rank for overall primary balance, transactions?
- Latvia ranks 20th out of 35 countries with data for 2024.
- Is overall primary balance, transactions rising or falling in Latvia?
- Over the last ten years it is up 721.9%. 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 Overall primary 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.