Subsidies and other transfers in Latvia
Latvia: Subsidies and other transfers was 58.2% in 2023. ▲ Rising
Subsidies and other transfers in Latvia, 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Latvia recorded 58.2% for subsidies and other transfers in 2023.
Compared with earlier readings it is down 0.2% on the previous year and up 5.2% over ten years.
Over the whole period, subsidies and other transfers in Latvia peaked at 61.6% in 1994 and was at its lowest, 44.1%, in 1995.
Latvia ranks 34th of 152 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Subsidies and other transfers in Latvia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1994 | 61.6% | — |
| 1995 | 44.1% | -28.4% |
| 1996 | 47.6% | +8.0% |
| 1997 | 49.8% | +4.6% |
| 1998 | 49.3% | -1.0% |
| 1999 | 52.0% | +5.5% |
| 2000 | 48.5% | -6.7% |
| 2001 | 47.8% | -1.5% |
| 2002 | 48.0% | +0.5% |
| 2003 | 48.1% | +0.1% |
| 2004 | 48.7% | +1.4% |
| 2005 | 46.8% | -3.8% |
| 2006 | 47.3% | +0.9% |
| 2007 | 48.9% | +3.4% |
| 2008 | 48.8% | -0.1% |
| 2009 | 55.2% | +13.0% |
| 2010 | 52.5% | -5.0% |
| 2011 | 51.6% | -1.6% |
| 2012 | 53.4% | +3.4% |
| 2013 | 55.3% | +3.6% |
| 2014 | 53.9% | -2.5% |
| 2015 | 54.3% | +0.6% |
| 2016 | 55.3% | +1.9% |
| 2017 | 55.2% | -0.2% |
| 2018 | 55.4% | +0.4% |
| 2019 | 57.3% | +3.5% |
| 2020 | 56.7% | -1.1% |
| 2021 | 59.5% | +5.0% |
| 2022 | 58.3% | -2.1% |
| 2023 | 58.2% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 50.7% | 44.1% | 61.6% | 6 |
| 2000s | 48.8% | 46.8% | 55.2% | 10 |
| 2010s | 54.4% | 51.6% | 57.3% | 10 |
| 2020s | 58.2% | 56.7% | 59.5% | 4 |
Countries ranked near Latvia
More public sector data for Latvia
- Arms imports 10.00 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)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 763.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0324 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.43 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 674.92 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is subsidies and other transfers in Latvia?
- Subsidies and other transfers in Latvia was 58.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Latvia?
- The highest recorded value was 61.6% in 1994.
- What is the lowest subsidies and other transfers recorded in Latvia?
- The lowest recorded value was 44.1% in 1995.
- How does Latvia rank for subsidies and other transfers?
- Latvia ranks 34th out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Latvia?
- Over the last ten years it is up 5.2%. The long-run trend across the full record is rising.
- 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.