Africa's Development Dynamics (AfDD) Table 16 - Public finances in Latvia
Latvia: Africa's Development Dynamics (AfDD) Table 16 - Public finances was 38.69 Percentage of GDP in 2029. ▲ Rising
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Latvia, 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for africa's development dynamics (afdd) table 16 - public finances in Latvia is 38.69 Percentage of GDP, measured in 2029.
The figure is down 0.1% on the previous year and up 2.7% over ten years.
Over the whole period, africa's development dynamics (afdd) table 16 - public finances in Latvia peaked at 43.16 Percentage of GDP in 2021 and was at its lowest, 32.89 Percentage of GDP, in 2003.
Latvia ranks 10th of 46 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 36.12 Percentage of GDP | — |
| 2001 | 34.3 Percentage of GDP | -5.0% |
| 2002 | 34.23 Percentage of GDP | -0.2% |
| 2003 | 32.89 Percentage of GDP | -3.9% |
| 2004 | 33.33 Percentage of GDP | +1.3% |
| 2005 | 34.34 Percentage of GDP | +3.0% |
| 2006 | 33.68 Percentage of GDP | -2.0% |
| 2007 | 32.94 Percentage of GDP | -2.2% |
| 2008 | 36.35 Percentage of GDP | +10.4% |
| 2009 | 42.4 Percentage of GDP | +16.6% |
| 2010 | 42.67 Percentage of GDP | +0.6% |
| 2011 | 39.89 Percentage of GDP | -6.5% |
| 2012 | 37.11 Percentage of GDP | -7.0% |
| 2013 | 37.33 Percentage of GDP | +0.6% |
| 2014 | 37.8 Percentage of GDP | +1.3% |
| 2015 | 37.39 Percentage of GDP | -1.1% |
| 2016 | 36.13 Percentage of GDP | -3.4% |
| 2017 | 36.48 Percentage of GDP | +1.0% |
| 2018 | 38.05 Percentage of GDP | +4.3% |
| 2019 | 37.69 Percentage of GDP | -0.9% |
| 2020 | 41.39 Percentage of GDP | +9.8% |
| 2021 | 43.16 Percentage of GDP | +4.3% |
| 2022 | 40.95 Percentage of GDP | -5.1% |
| 2023 | 39.8 Percentage of GDP | -2.8% |
| 2024 | 40.8 Percentage of GDP | +2.5% |
| 2025 | 40.05 Percentage of GDP | -1.8% |
| 2026 | 39.52 Percentage of GDP | -1.3% |
| 2027 | 38.81 Percentage of GDP | -1.8% |
| 2028 | 38.74 Percentage of GDP | -0.2% |
| 2029 | 38.69 Percentage of GDP | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.06 Percentage of GDP | 32.89 Percentage of GDP | 42.4 Percentage of GDP | 10 |
| 2010s | 38.05 Percentage of GDP | 36.13 Percentage of GDP | 42.67 Percentage of GDP | 10 |
| 2020s | 40.19 Percentage of GDP | 38.69 Percentage of GDP | 43.16 Percentage of GDP | 10 |
Countries ranked near Latvia
- 7 Estonia 43.22 Percentage of GDP compare
- 7 Finland 53.73 Percentage of GDP compare
- 8 Austria 51.15 Percentage of GDP compare
- 9 Luxembourg 50.23 Percentage of GDP compare
- 10 Italy 50 Percentage of GDP compare
- 11 Denmark 49.73 Percentage of GDP compare
- 11 Eswatini 29.21 Percentage of GDP compare
- 12 Lithuania 36.84 Percentage of GDP compare
- 12 Kuwait 48.68 Percentage of GDP compare
- 13 Sweden 48.6 Percentage of GDP compare
- 13 Cabo Verde 26.54 Percentage of GDP compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
- Balanced trade in services 1.98 US dollars, exchange rate converted (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 16 - public finances in Latvia?
- Africa's development dynamics (afdd) table 16 - public finances in Latvia was 38.69 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 16 - public finances recorded in Latvia?
- The highest recorded value was 43.16 Percentage of GDP in 2021.
- What is the lowest africa's development dynamics (afdd) table 16 - public finances recorded in Latvia?
- The lowest recorded value was 32.89 Percentage of GDP in 2003.
- How does Latvia rank for africa's development dynamics (afdd) table 16 - public finances?
- Latvia ranks 10th out of 46 countries with data for 2029.
- Is africa's development dynamics (afdd) table 16 - public finances rising or falling in Latvia?
- Over the last ten years it is up 2.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid updates them automatically from the source API.
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About this data
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.