Government spending vs. GDP in Latvia
Latvia: Government spending vs. GDP was 6.47 billion constant 2015 US$ in 2025. ▲ Rising
Government spending vs. GDP in Latvia, 1995–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in constant 2015 US$.
Analysis
Latvia recorded 6.47 billion constant 2015 US$ for government spending vs. gdp in 2025. That is the highest value across all 31 years on record.
That represents a change of up 7.0% on the previous year and up 35.1% over ten years.
Over the whole period, government spending vs. gdp in Latvia peaked at 6.47 billion constant 2015 US$ in 2025 and was at its lowest, 3.51 billion constant 2015 US$, in 1996.
That places Latvia 85th out of 163 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.77 billion constant 2015 US$ | 3.51 billion constant 2015 US$ | 4.04 billion constant 2015 US$ | 5 |
| 2000s | 4.63 billion constant 2015 US$ | 3.91 billion constant 2015 US$ | 5.32 billion constant 2015 US$ | 10 |
| 2010s | 4.79 billion constant 2015 US$ | 4.37 billion constant 2015 US$ | 5.48 billion constant 2015 US$ | 10 |
| 2020s | 6.02 billion constant 2015 US$ | 5.70 billion constant 2015 US$ | 6.47 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 82 Lithuania 7.41 billion constant 2015 US$ compare
- 83 Bolivia 7.03 billion constant 2015 US$ compare
- 84 Bahrain 6.74 billion constant 2015 US$ compare
- 86 Botswana 5.98 billion constant 2015 US$ compare
- 87 Mozambique 5.84 billion constant 2015 US$ compare
- 88 Iceland 5.47 billion constant 2015 US$ compare
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is government spending vs. gdp in Latvia?
- Government spending vs. gdp in Latvia was 6.47 billion constant 2015 US$ in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest government spending vs. gdp recorded in Latvia?
- The highest recorded value was 6.47 billion constant 2015 US$ in 2025.
- What is the lowest government spending vs. gdp recorded in Latvia?
- The lowest recorded value was 3.51 billion constant 2015 US$ in 1996.
- How does Latvia rank for government spending vs. gdp?
- Latvia ranks 85th out of 163 countries with data for 2025.
- Is government spending vs. gdp rising or falling in Latvia?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Government spending vs. GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
General government final consumption expenditure includes all government current expenditures for purchases of goods and services (including compensation of employees). Both measures are expressed in constant 2015 US$.