Vertical fiscal imbalance, Percent (Central government) in Latvia
Latvia: Vertical fiscal imbalance, Percent (Central government) 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 (Central government) 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% |
Latvia compared with similar countries
- Latvia's 0.0149 is above the median for high income countries, which is -0.1062. (27 countries reporting)
- Latvia's 0.0149 is above the median for Europe & Central Asia, which is -0.1454. (31 countries reporting)
Biggest year-on-year movements
Years where Vertical fiscal imbalance, Percent (Central government) 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 |
|---|---|---|---|
| 1997 | -552.8% | 0.051 | -0.2307 |
| 2012 | -257.2% | 0.046 | -0.0724 |
| 2016 | -240.1% | -0.0622 | -0.2116 |
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
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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.