Government procurement share gdp in Latvia
Latvia: Government procurement share gdp was 14.65 in 2024. ▲ Rising
Latest (2024)
14.65
Change on year
up 4.3%
World rank
17th
of 43 countries
All-time high
14.65
in 2024
All-time low
11.16
in 2016
Years of data
18
2007–2024
Government procurement share gdp in Latvia, 2007–2024
Source: Our World in Data.
Analysis
Latvia recorded 14.65 for government procurement share gdp in 2024. That is the highest value across all 18 years on record.
That represents a change of up 4.3% on the previous year and up 15.7% over ten years.
Over the whole period, government procurement share gdp in Latvia peaked at 14.65 in 2024 and was at its lowest, 11.16, in 2016.
Latvia ranks 17th of 43 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.15 | 12.9 | 13.37 | 3 |
| 2010s | 12.8 | 11.16 | 13.97 | 10 |
| 2020s | 14.18 | 13.34 | 14.65 | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of gdp -4.58 (2025)
- Inflation of consumer prices 3.75 (2025)
- Gdp per capita worldbank constant usd 16,892 (2025)
- Manufacturing value added to gdp 9.99 (2025)
- Gdp worldbank constant usd 31.21 billion (2025)
- Gdp per capita in international and market dollars 16,892 (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 procurement share gdp in Latvia?
- Government procurement share gdp in Latvia was 14.65 in 2024, according to Our World in Data.
- What is the highest government procurement share gdp recorded in Latvia?
- The highest recorded value was 14.65 in 2024.
- What is the lowest government procurement share gdp recorded in Latvia?
- The lowest recorded value was 11.16 in 2016.
- How does Latvia rank for government procurement share gdp?
- Latvia ranks 17th out of 43 countries with data for 2024.
- Is government procurement share gdp rising or falling in Latvia?
- Over the last ten years it is up 15.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Government procurement share gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).