Cash surplus/deficit as a proportion of GDP in Latvia
Latvia: Cash surplus/deficit as a proportion of GDP was -34.2% in 2023. ▼ Falling
Cash surplus/deficit as a proportion of GDP in Latvia, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, cash surplus/deficit as a proportion of gdp in Latvia stood at -34.2%.
The figure is up 5.9% on the previous year and down 7.9% over ten years.
Over the whole period, cash surplus/deficit as a proportion of gdp in Latvia peaked at -26.1% in 2007 and was at its lowest, -39.6%, in 2010.
That places Latvia 121st out of 162 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Cash surplus/deficit as a proportion of GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -32.4% | — |
| 2001 | -29.7% | -8.4% |
| 2002 | -29.8% | +0.3% |
| 2003 | -28.4% | -4.5% |
| 2004 | -28.3% | -0.6% |
| 2005 | -28.2% | -0.2% |
| 2006 | -27.8% | -1.5% |
| 2007 | -26.1% | -6.1% |
| 2008 | -30.6% | +17.4% |
| 2009 | -37.8% | +23.4% |
| 2010 | -39.6% | +4.6% |
| 2011 | -35.1% | -11.2% |
| 2012 | -31.9% | -9.1% |
| 2013 | -31.7% | -0.8% |
| 2014 | -32.3% | +1.9% |
| 2015 | -31.2% | -3.2% |
| 2016 | -30.7% | -1.7% |
| 2017 | -30.4% | -0.9% |
| 2018 | -30.7% | +0.7% |
| 2019 | -31.8% | +3.6% |
| 2020 | -36.2% | +14.0% |
| 2021 | -38.5% | +6.4% |
| 2022 | -36.4% | -5.6% |
| 2023 | -34.2% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -29.9% | -37.8% | -26.1% | 10 |
| 2010s | -32.5% | -39.6% | -30.4% | 10 |
| 2020s | -36.3% | -38.5% | -34.2% | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (2025)
Frequently asked questions
- What is cash surplus/deficit as a proportion of gdp in Latvia?
- Cash surplus/deficit as a proportion of gdp in Latvia was -34.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest cash surplus/deficit as a proportion of gdp recorded in Latvia?
- The highest recorded value was -26.1% in 2007.
- What is the lowest cash surplus/deficit as a proportion of gdp recorded in Latvia?
- The lowest recorded value was -39.6% in 2010.
- How does Latvia rank for cash surplus/deficit as a proportion of gdp?
- Latvia ranks 121st out of 162 countries with data for 2023.
- Is cash surplus/deficit as a proportion of gdp rising or falling in Latvia?
- Over the last ten years it is down 7.9%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Cash surplus/deficit as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).