Social benefits, Transactions (Statement of operations, General) in Latvia
Latvia: Social benefits, Transactions (Statement of operations, General) was 5.97 billion in 2024. ◆ Volatile
Social benefits, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
Latvia recorded 5.97 billion for social benefits, transactions in 2024. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 7.9% on the previous year and up 123.8% over ten years.
Over the whole period, social benefits, transactions in Latvia peaked at 5.97 billion in 2024 and was at its lowest, 830.19 million, in 2001.
Latvia ranks 33rd of 35 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Social benefits, Transactions (Statement of operations, General) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 906.66 million | — |
| 2000 | 837.25 million | -7.7% |
| 2001 | 830.19 million | -0.8% |
| 2002 | 900.85 million | +8.5% |
| 2003 | 939.27 million | +4.3% |
| 2004 | 1.07 billion | +14.2% |
| 2005 | 1.26 billion | +17.4% |
| 2006 | 1.49 billion | +18.6% |
| 2007 | 1.79 billion | +19.6% |
| 2008 | 2.21 billion | +23.6% |
| 2009 | 2.67 billion | +20.8% |
| 2010 | 2.60 billion | -2.4% |
| 2011 | 2.49 billion | -4.2% |
| 2012 | 2.49 billion | -0.3% |
| 2013 | 2.61 billion | +4.9% |
| 2014 | 2.67 billion | +2.4% |
| 2015 | 2.83 billion | +6.0% |
| 2016 | 2.98 billion | +5.4% |
| 2017 | 3.12 billion | +4.5% |
| 2018 | 3.34 billion | +7.3% |
| 2019 | 3.67 billion | +9.6% |
| 2020 | 4.05 billion | +10.4% |
| 2021 | 4.88 billion | +20.7% |
| 2022 | 5.25 billion | +7.5% |
| 2023 | 5.54 billion | +5.5% |
| 2024 | 5.97 billion | +7.9% |
Latvia compared with similar countries
- Latvia's 5.97 billion is below the median for high income countries, which is 257.62 billion, 2% of the median. (32 countries reporting)
- Latvia's 5.97 billion is below the median for Europe & Central Asia, which is 249.33 billion, 2% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 906.66 million | 906.66 million | 906.66 million | 1 |
| 2000s | 1.40 billion | 830.19 million | 2.67 billion | 10 |
| 2010s | 2.88 billion | 2.49 billion | 3.67 billion | 10 |
| 2020s | 5.14 billion | 4.05 billion | 5.97 billion | 5 |
Countries ranked near Latvia
More public sector data for Latvia
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Frequently asked questions
- What is social benefits, transactions in Latvia?
- Social benefits, transactions in Latvia was 5.97 billion in 2024, according to International Monetary Fund.
- What is the highest social benefits, transactions recorded in Latvia?
- The highest recorded value was 5.97 billion in 2024.
- What is the lowest social benefits, transactions recorded in Latvia?
- The lowest recorded value was 830.19 million in 2001.
- How does Latvia rank for social benefits, transactions?
- Latvia ranks 33rd out of 35 countries with data for 2024.
- Is social benefits, transactions rising or falling in Latvia?
- Over the last ten years it is up 123.8%. 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 Social benefits, 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.