Vertical fiscal imbalance, Percent in Latvia
Latvia: Vertical fiscal imbalance, Percent was 0.0149 in 2020. ◆ Volatile
Vertical fiscal imbalance, Percent in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
The most recent figure for vertical fiscal imbalance, percent in Latvia is 0.0149, measured in 2020.
Compared with earlier readings it is up 114.9% on the previous year and down 89.3% over ten years.
Over the whole period, vertical fiscal imbalance, percent in Latvia peaked at 0.1411 in 1995 and was at its lowest, -0.2307, in 1997.
Latvia ranks 30th of 64 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Vertical fiscal imbalance, Percent in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.1411 | — |
| 1996 | 0.051 | -63.9% |
| 1997 | -0.2307 | -552.8% |
| 1998 | -0.1567 | -32.1% |
| 1999 | -0.0473 | -69.8% |
| 2000 | -0.0399 | -15.8% |
| 2001 | -0.1057 | +165.1% |
| 2002 | -0.0718 | -32.1% |
| 2003 | -0.0569 | -20.8% |
| 2004 | -0.0491 | -13.7% |
| 2005 | -0.0422 | -14.0% |
| 2006 | -0.0303 | -28.3% |
| 2007 | -0.0691 | +128.0% |
| 2008 | 0.0364 | -152.6% |
| 2009 | 0.0963 | +164.9% |
| 2010 | 0.1396 | +44.9% |
| 2011 | 0.046 | -67.0% |
| 2012 | -0.0724 | -257.2% |
| 2013 | -0.128 | +76.8% |
| 2014 | -0.0935 | -27.0% |
| 2015 | -0.0622 | -33.4% |
| 2016 | -0.2116 | +240.1% |
| 2017 | -0.1295 | -38.8% |
| 2018 | -0.1062 | -18.0% |
| 2019 | -0.0998 | -6.0% |
| 2020 | 0.0149 | -114.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.0485 | -0.2307 | 0.1411 | 5 |
| 2000s | -0.0332 | -0.1057 | 0.0963 | 10 |
| 2010s | -0.0718 | -0.2116 | 0.1396 | 10 |
| 2020s | 0.0149 | 0.0149 | 0.0149 | 1 |
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 vertical fiscal imbalance, percent in Latvia?
- Vertical fiscal imbalance, percent in Latvia was 0.0149 in 2020, according to International Monetary Fund.
- What is the highest vertical fiscal imbalance, percent recorded in Latvia?
- The highest recorded value was 0.1411 in 1995.
- What is the lowest vertical fiscal imbalance, percent recorded in Latvia?
- The lowest recorded value was -0.2307 in 1997.
- How does Latvia rank for vertical fiscal imbalance, percent?
- Latvia ranks 30th out of 64 countries with data for 2020.
- Is vertical fiscal imbalance, percent rising or falling in Latvia?
- Over the last ten years it is down 89.3%. 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 Vertical fiscal imbalance, 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.