Social contributions, Transactions (Statement of operations, General) in Latvia
Latvia: Social contributions, Transactions (Statement of operations, General) was 4.67 billion in 2024. ◆ Volatile
Social contributions, Transactions in Latvia, 1999–2024
Source: International Monetary Fund.
Analysis
In 2024, social contributions, transactions in Latvia stood at 4.67 billion. That is the highest value across all 26 years on record.
That represents a change of up 9.5% on the previous year and up 127.2% over ten years.
Over the whole period, social contributions, transactions in Latvia peaked at 4.67 billion in 2024 and was at its lowest, 662.05 million, in 1999.
That places Latvia 33rd out of 35 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions, Transactions (Statement of operations, General) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 662.05 million | — |
| 2000 | 681.73 million | +3.0% |
| 2001 | 691.84 million | +1.5% |
| 2002 | 773.01 million | +11.7% |
| 2003 | 823.41 million | +6.5% |
| 2004 | 935.79 million | +13.6% |
| 2005 | 1.11 billion | +18.2% |
| 2006 | 1.42 billion | +28.1% |
| 2007 | 1.82 billion | +28.9% |
| 2008 | 2.04 billion | +11.6% |
| 2009 | 1.81 billion | -11.3% |
| 2010 | 1.59 billion | -11.9% |
| 2011 | 1.80 billion | +13.0% |
| 2012 | 1.95 billion | +8.4% |
| 2013 | 1.99 billion | +2.3% |
| 2014 | 2.05 billion | +3.1% |
| 2015 | 2.11 billion | +2.8% |
| 2016 | 2.16 billion | +2.1% |
| 2017 | 2.36 billion | +9.4% |
| 2018 | 2.77 billion | +17.4% |
| 2019 | 3.06 billion | +10.6% |
| 2020 | 3.13 billion | +2.5% |
| 2021 | 3.33 billion | +6.4% |
| 2022 | 3.78 billion | +13.3% |
| 2023 | 4.26 billion | +12.8% |
| 2024 | 4.67 billion | +9.5% |
Latvia compared with similar countries
- Latvia's 4.67 billion is below the median for high income countries, which is 90.24 billion, 5% of the median. (32 countries reporting)
- Latvia's 4.67 billion is below the median for Europe & Central Asia, which is 97.51 billion, 5% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 662.05 million | 662.05 million | 662.05 million | 1 |
| 2000s | 1.21 billion | 681.73 million | 2.04 billion | 10 |
| 2010s | 2.18 billion | 1.59 billion | 3.06 billion | 10 |
| 2020s | 3.84 billion | 3.13 billion | 4.67 billion | 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 social contributions, transactions in Latvia?
- Social contributions, transactions in Latvia was 4.67 billion in 2024, according to International Monetary Fund.
- What is the highest social contributions, transactions recorded in Latvia?
- The highest recorded value was 4.67 billion in 2024.
- What is the lowest social contributions, transactions recorded in Latvia?
- The lowest recorded value was 662.05 million in 1999.
- How does Latvia rank for social contributions, transactions?
- Latvia ranks 33rd out of 35 countries with data for 2024.
- Is social contributions, transactions rising or falling in Latvia?
- Over the last ten years it is up 127.2%. 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 contributions, 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.