Transfer dependency method 1, Ratio of net transfers to own spending in Latvia
Latvia: Transfer dependency method 1, Ratio of net transfers to own spending was -0.2266 in 2020. ▼ Falling
Transfer dependency method 1, Ratio of net transfers to own spending in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
In 2020, transfer dependency method 1, ratio of net transfers to own spending in Latvia stood at -0.2266.
Compared with earlier readings it is down 0.4% on the previous year and down 72.6% over ten years.
Over the whole period, transfer dependency method 1, ratio of net transfers to own spending in Latvia peaked at -0.0044 in 1995 and was at its lowest, -0.229, in 1997.
That places Latvia 31st out of 64 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Transfer dependency method 1, Ratio of net transfers to own spending in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | -0.0044 | — |
| 1996 | -0.1154 | +2522.6% |
| 1997 | -0.229 | +98.4% |
| 1998 | -0.1616 | -29.4% |
| 1999 | -0.1462 | -9.5% |
| 2000 | -0.1595 | +9.1% |
| 2001 | -0.1716 | +7.6% |
| 2002 | -0.1786 | +4.1% |
| 2003 | -0.1847 | +3.4% |
| 2004 | -0.1545 | -16.3% |
| 2005 | -0.1274 | -17.5% |
| 2006 | -0.1318 | +3.5% |
| 2007 | -0.2002 | +51.9% |
| 2008 | -0.2034 | +1.6% |
| 2009 | -0.2116 | +4.0% |
| 2010 | -0.1313 | -38.0% |
| 2011 | -0.0941 | -28.3% |
| 2012 | -0.1159 | +23.2% |
| 2013 | -0.1507 | +30.0% |
| 2014 | -0.1865 | +23.7% |
| 2015 | -0.1623 | -13.0% |
| 2016 | -0.2093 | +29.0% |
| 2017 | -0.1771 | -15.4% |
| 2018 | -0.161 | -9.1% |
| 2019 | -0.2257 | +40.2% |
| 2020 | -0.2266 | +0.4% |
Latvia compared with similar countries
- Latvia's -0.2266 is above the median for high income countries, which is -0.3052, 74% of the median. (27 countries reporting)
- Latvia's -0.2266 is above the median for Europe & Central Asia, which is -0.4039, 56% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Transfer dependency method 1, Ratio of net transfers to own spending 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 |
|---|---|---|---|
| 1996 | -2522.6% | -0.0044 | -0.1154 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.1313 | -0.229 | -0.0044 | 5 |
| 2000s | -0.1723 | -0.2116 | -0.1274 | 10 |
| 2010s | -0.1614 | -0.2257 | -0.0941 | 10 |
| 2020s | -0.2266 | -0.2266 | -0.2266 | 1 |
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 transfer dependency method 1, ratio of net transfers to own spending in Latvia?
- Transfer dependency method 1, ratio of net transfers to own spending in Latvia was -0.2266 in 2020, according to International Monetary Fund.
- What is the highest transfer dependency method 1, ratio of net transfers to own spending recorded in Latvia?
- The highest recorded value was -0.0044 in 1995.
- What is the lowest transfer dependency method 1, ratio of net transfers to own spending recorded in Latvia?
- The lowest recorded value was -0.229 in 1997.
- How does Latvia rank for transfer dependency method 1, ratio of net transfers to own spending?
- Latvia ranks 31st out of 64 countries with data for 2020.
- Is transfer dependency method 1, ratio of net transfers to own spending rising or falling in Latvia?
- Over the last ten years it is down 72.6%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Transfer dependency method 1, Ratio of net transfers to own spending, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.