Latin America and the Caribbean vs Latvia: Africa's Development Dynamics (AfDD) Table 16 - Public finances

Latin America and the Caribbean
32.96 Percentage of GDP
in 2028
Latvia
38.69 Percentage of GDP
in 2029
Latin America and the Caribbean rank
8th
Latvia rank
10th

Africa's Development Dynamics (AfDD) Table 16 - Public finances over time

  • Latin America and the Caribbean
  • Latvia
010203040200020142029

How they compare

Latvia currently reports 38.69 Percentage of GDP against 32.96 Percentage of GDP in Latin America and the Caribbean, a difference of 5.73 Percentage of GDP.

That makes Latvia's figure about 1.2 times Latin America and the Caribbean's.

Across all 28 years both countries report, Latvia has been ahead every year.

Latin America and the Caribbean ranks 8th and Latvia ranks 10th of 28 groups.

Latvia has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Latin America and the Caribbean Latvia Difference Ahead
2000s 30.42 Percentage of GDP 34.94 Percentage of GDP 4.52 Percentage of GDP Latvia
2010s 33.87 Percentage of GDP 38.05 Percentage of GDP 4.18 Percentage of GDP Latvia
2020s 34.23 Percentage of GDP 40.36 Percentage of GDP 6.13 Percentage of GDP Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher africa's development dynamics (afdd) table 16 - public finances, Latin America and the Caribbean or Latvia?
Latvia, at 38.69 Percentage of GDP against 32.96 Percentage of GDP in Latin America and the Caribbean as of 2029.
What is the difference in africa's development dynamics (afdd) table 16 - public finances between Latin America and the Caribbean and Latvia?
5.73 Percentage of GDP, with Latvia ahead.
How many years of comparable data are there for Latin America and the Caribbean and Latvia?
28 years are reported by both, from 2001 to 2028.
How do Latin America and the Caribbean and Latvia rank globally for africa's development dynamics (afdd) table 16 - public finances?
Latin America and the Caribbean ranks 8th and Latvia ranks 10th of 28 groups.
Where does this data come from?
Organisation for Economic Co-operation and Development, published as Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latin America and the Caribbean vs Latvia: Africa's Development Dynamics (AfDD) Table 16 - Public finances. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 14 September 2026, from https://economy.statizoid.com/compare/africa-s-development-dynamics-afdd-table-16-public-finances-general-government-expenditure/latin-america-and-the-caribbean/latvia-2/

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About this data

Indicator
Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
240 places, 7,002 data points, 2000–2029
Last refreshed

The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.