Government debt by instrument coverage — Maastricht debt in Latvia
Latvia: Government debt by instrument coverage — Maastricht debt was 47.18 Percentage of GDP in 2026. ▲ Rising
Government debt by instrument coverage — Maastricht debt in Latvia, 2000–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Latvia recorded 47.18 Percentage of GDP for government debt by instrument coverage — maastricht debt in 2026.
That represents a change of down 1.0% on the previous year and up 19.7% over ten years.
Over the whole period, government debt by instrument coverage — maastricht debt in Latvia peaked at 48.93 Percentage of GDP in 2011 and was at its lowest, 10.6 Percentage of GDP, in 2008.
The long-run direction has been consistently rising across the 27 years of available data.
Government debt by instrument coverage — Maastricht debt in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 13.05 Percentage of GDP | — |
| 2001 | 13.13 Percentage of GDP | +0.7% |
| 2002 | 13.69 Percentage of GDP | +4.2% |
| 2003 | 14.97 Percentage of GDP | +9.4% |
| 2004 | 14.42 Percentage of GDP | -3.7% |
| 2005 | 14.33 Percentage of GDP | -0.6% |
| 2006 | 12.5 Percentage of GDP | -12.8% |
| 2007 | 10.64 Percentage of GDP | -14.9% |
| 2008 | 10.6 Percentage of GDP | -0.3% |
| 2009 | 34.24 Percentage of GDP | +223.0% |
| 2010 | 44.42 Percentage of GDP | +29.7% |
| 2011 | 48.93 Percentage of GDP | +10.2% |
| 2012 | 47.38 Percentage of GDP | -3.2% |
| 2013 | 43.94 Percentage of GDP | -7.3% |
| 2014 | 41.65 Percentage of GDP | -5.2% |
| 2015 | 40.64 Percentage of GDP | -2.4% |
| 2016 | 39.4 Percentage of GDP | -3.0% |
| 2017 | 42.34 Percentage of GDP | +7.4% |
| 2018 | 38.32 Percentage of GDP | -9.5% |
| 2019 | 40.58 Percentage of GDP | +5.9% |
| 2020 | 39.02 Percentage of GDP | -3.8% |
| 2021 | 46.77 Percentage of GDP | +19.9% |
| 2022 | 44.47 Percentage of GDP | -4.9% |
| 2023 | 46.28 Percentage of GDP | +4.1% |
| 2024 | 46.06 Percentage of GDP | -0.5% |
| 2025 | 47.67 Percentage of GDP | +3.5% |
| 2026 | 47.18 Percentage of GDP | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.16 Percentage of GDP | 10.6 Percentage of GDP | 34.24 Percentage of GDP | 10 |
| 2010s | 42.76 Percentage of GDP | 38.32 Percentage of GDP | 48.93 Percentage of GDP | 10 |
| 2020s | 45.35 Percentage of GDP | 39.02 Percentage of GDP | 47.67 Percentage of GDP | 7 |
Countries ranked near Latvia
- 1 Slovenia 64.82 Percentage of GDP compare
- 1 Japan 195.55 Percentage of GDP compare
- 2 Greece 143.52 Percentage of GDP compare
- 2 Poland 61.56 Percentage of GDP compare
- 3 Italy 138.93 Percentage of GDP compare
- 4 France 117.68 Percentage of GDP compare
- 4 Netherlands 43.75 Percentage of GDP compare
- 5 Lithuania 42.32 Percentage of GDP compare
- 5 United States of America 117.18 Percentage of GDP compare
- 6 Estonia 25.23 Percentage of GDP compare
- 6 Belgium 109.14 Percentage of GDP compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 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 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 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)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is government debt by instrument coverage — maastricht debt in Latvia?
- Government debt by instrument coverage — maastricht debt in Latvia was 47.18 Percentage of GDP in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest government debt by instrument coverage — maastricht debt recorded in Latvia?
- The highest recorded value was 48.93 Percentage of GDP in 2011.
- What is the lowest government debt by instrument coverage — maastricht debt recorded in Latvia?
- The lowest recorded value was 10.6 Percentage of GDP in 2008.
- How does Latvia rank for government debt by instrument coverage — maastricht debt?
- Latvia ranks 3rd out of 7 countries with data for 2026.
- Is government debt by instrument coverage — maastricht debt rising or falling in Latvia?
- Over the last ten years it is up 19.7%. 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 Government debt by instrument coverage — Maastricht debt (currency and deposits, debt securities and loans). Statizoid updates them automatically from the source API.
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About this data
The magnitude of government debt and debt-to-GDP ratios varies depending on which measure of debt is used. To promote international comparability, the IMF, the OECD and the World Bank have agreed on a set of standard debt measures, which are defined in the Public Sector Debt Statistics Guide for Compilers and Users and the Government Finance Statistics Manual 2014. Government gross debt is shown in four categories: D1 to D4. D1 is the narrowest measure, comprising only two financial instruments: debt securities and loans. D4 (‘total gross debt’) is the broadest measure and includes debt securities, loans, Special Drawing Rights, currency and deposits, other accounts payable and insurance, pensions and standardised guarantees. The D1 to D3 measures are comparable between OECD countries. D4 is the preferred measure of debt in the international accounting standards (System of National Accounts or SNA) but cross-country comparability is more difficult for D4 because countries have different approaches to recording unfunded pension liabilities for government employees. For more information, please see the document: Measuring Government Debt: D1-D4