Economic Outlook No 118 — Government final consumption expenditure in Latvia
Latvia: Economic Outlook No 118 — Government final consumption expenditure was 6.90 billion in 2027. ▲ Rising
Economic Outlook No 118 — Government final consumption expenditure in Latvia, 1995–2027
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2027, economic outlook no 118 — government final consumption expenditure in Latvia stood at 6.90 billion. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 26.0% over ten years.
Over the whole period, economic outlook no 118 — government final consumption expenditure in Latvia peaked at 6.90 billion in 2027 and was at its lowest, 3.78 billion, in 1996.
The long-run direction has been consistently rising across the 33 years of available data.
Economic Outlook No 118 — Government final consumption expenditure in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 4.00 billion | — |
| 1996 | 3.78 billion | -5.6% |
| 1997 | 3.82 billion | +1.2% |
| 1998 | 4.31 billion | +12.9% |
| 1999 | 4.34 billion | +0.7% |
| 2000 | 4.20 billion | -3.3% |
| 2001 | 4.42 billion | +5.2% |
| 2002 | 4.61 billion | +4.4% |
| 2003 | 4.82 billion | +4.4% |
| 2004 | 4.95 billion | +2.7% |
| 2005 | 5.01 billion | +1.3% |
| 2006 | 5.35 billion | +6.7% |
| 2007 | 5.56 billion | +4.0% |
| 2008 | 5.72 billion | +2.9% |
| 2009 | 5.11 billion | -10.6% |
| 2010 | 4.70 billion | -8.2% |
| 2011 | 4.78 billion | +1.7% |
| 2012 | 4.77 billion | -0.2% |
| 2013 | 4.86 billion | +2.0% |
| 2014 | 5.06 billion | +4.0% |
| 2015 | 5.15 billion | +1.8% |
| 2016 | 5.28 billion | +2.5% |
| 2017 | 5.48 billion | +3.8% |
| 2018 | 5.58 billion | +1.9% |
| 2019 | 5.90 billion | +5.6% |
| 2020 | 6.13 billion | +3.9% |
| 2021 | 6.35 billion | +3.7% |
| 2022 | 6.38 billion | +0.4% |
| 2023 | 6.53 billion | +2.5% |
| 2024 | 6.50 billion | -0.4% |
| 2025 | 6.65 billion | +2.2% |
| 2026 | 6.79 billion | +2.1% |
| 2027 | 6.90 billion | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.05 billion | 3.78 billion | 4.34 billion | 5 |
| 2000s | 4.97 billion | 4.20 billion | 5.72 billion | 10 |
| 2010s | 5.15 billion | 4.70 billion | 5.90 billion | 10 |
| 2020s | 6.53 billion | 6.13 billion | 6.90 billion | 8 |
Countries ranked near Latvia
- 4 Chile 38.75 trillion compare
- 4 Netherlands 259.29 billion compare
- 5 India 19.73 trillion compare
- 5 Lithuania 10.90 billion compare
- 6 OECD 13.93 trillion compare
- 6 Slovenia 9.98 billion compare
- 7 Hungary 12.66 trillion compare
- 8 Costa Rica 6.59 trillion compare
- 8 Estonia 6.31 billion compare
- 9 United States of America 3.17 trillion compare
- 10 Mexico 2.84 trillion 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)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (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)
Frequently asked questions
- What is economic outlook no 118 — government final consumption expenditure in Latvia?
- Economic outlook no 118 — government final consumption expenditure in Latvia was 6.90 billion in 2027, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 118 — government final consumption expenditure recorded in Latvia?
- The highest recorded value was 6.90 billion in 2027.
- What is the lowest economic outlook no 118 — government final consumption expenditure recorded in Latvia?
- The lowest recorded value was 3.78 billion in 1996.
- How does Latvia rank for economic outlook no 118 — government final consumption expenditure?
- Latvia ranks 7th out of 8 countries with data for 2027.
- Is economic outlook no 118 — government final consumption expenditure rising or falling in Latvia?
- Over the last ten years it is up 26.0%. 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 Economic Outlook No 118 — Government final consumption expenditure, volume. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 118 (Edition 2025/2) EO118 Database documentation EO118 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP