Government spending vs. GDP, per unit of GDP in Latvia
Latvia: Government spending vs. GDP, per unit of GDP was 0.1331 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile
Government spending vs. GDP, per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Latvia recorded 0.1331 constant 2015 US$ per US$ of GDP for government spending vs. gdp, per unit of gdp in 2025. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 3.2% on the previous year and down 26.8% over ten years.
Over the whole period, government spending vs. gdp, per unit of gdp in Latvia peaked at 0.6634 constant 2015 US$ per US$ of GDP in 1995 and was at its lowest, 0.1331 constant 2015 US$ per US$ of GDP, in 2025.
Latvia ranks 72nd of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Government spending vs. GDP, per unit of GDP in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.6634 constant 2015 US$ per US$ of GDP | — |
| 1996 | 0.6054 constant 2015 US$ per US$ of GDP | -8.7% |
| 1997 | 0.5594 constant 2015 US$ per US$ of GDP | -7.6% |
| 1998 | 0.5752 constant 2015 US$ per US$ of GDP | +2.8% |
| 1999 | 0.5516 constant 2015 US$ per US$ of GDP | -4.1% |
| 2000 | 0.5032 constant 2015 US$ per US$ of GDP | -8.8% |
| 2001 | 0.5015 constant 2015 US$ per US$ of GDP | -0.3% |
| 2002 | 0.4638 constant 2015 US$ per US$ of GDP | -7.5% |
| 2003 | 0.3984 constant 2015 US$ per US$ of GDP | -14.1% |
| 2004 | 0.3327 constant 2015 US$ per US$ of GDP | -16.5% |
| 2005 | 0.2857 constant 2015 US$ per US$ of GDP | -14.1% |
| 2006 | 0.2434 constant 2015 US$ per US$ of GDP | -14.8% |
| 2007 | 0.1758 constant 2015 US$ per US$ of GDP | -27.8% |
| 2008 | 0.1558 constant 2015 US$ per US$ of GDP | -11.3% |
| 2009 | 0.1851 constant 2015 US$ per US$ of GDP | +18.8% |
| 2010 | 0.1861 constant 2015 US$ per US$ of GDP | +0.5% |
| 2011 | 0.1672 constant 2015 US$ per US$ of GDP | -10.1% |
| 2012 | 0.1635 constant 2015 US$ per US$ of GDP | -2.2% |
| 2013 | 0.1552 constant 2015 US$ per US$ of GDP | -5.1% |
| 2014 | 0.1553 constant 2015 US$ per US$ of GDP | +0.1% |
| 2015 | 0.1818 constant 2015 US$ per US$ of GDP | +17.0% |
| 2016 | 0.181 constant 2015 US$ per US$ of GDP | -0.4% |
| 2017 | 0.1733 constant 2015 US$ per US$ of GDP | -4.3% |
| 2018 | 0.1562 constant 2015 US$ per US$ of GDP | -9.9% |
| 2019 | 0.1657 constant 2015 US$ per US$ of GDP | +6.1% |
| 2020 | 0.1708 constant 2015 US$ per US$ of GDP | +3.1% |
| 2021 | 0.1547 constant 2015 US$ per US$ of GDP | -9.4% |
| 2022 | 0.156 constant 2015 US$ per US$ of GDP | +0.8% |
| 2023 | 0.142 constant 2015 US$ per US$ of GDP | -9.0% |
| 2024 | 0.1375 constant 2015 US$ per US$ of GDP | -3.2% |
| 2025 | 0.1331 constant 2015 US$ per US$ of GDP | -3.2% |
Latvia compared with similar countries
- Latvia's 0.1331 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.1423 constant 2015 US$ per US$ of GDP, 94% of the median. (60 countries reporting)
- Latvia's 0.1331 constant 2015 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.1195 constant 2015 US$ per US$ of GDP, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.591 constant 2015 US$ per US$ of GDP | 0.5516 constant 2015 US$ per US$ of GDP | 0.6634 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.3245 constant 2015 US$ per US$ of GDP | 0.1558 constant 2015 US$ per US$ of GDP | 0.5032 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.1685 constant 2015 US$ per US$ of GDP | 0.1552 constant 2015 US$ per US$ of GDP | 0.1861 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.149 constant 2015 US$ per US$ of GDP | 0.1331 constant 2015 US$ per US$ of GDP | 0.1708 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 69 Colombia 0.1365 constant 2015 US$ per US$ of GDP compare
- 70 Laos 0.1365 constant 2015 US$ per US$ of GDP compare
- 71 Slovenia 0.1337 constant 2015 US$ per US$ of GDP compare
- 73 Thailand 0.1317 constant 2015 US$ per US$ of GDP compare
- 74 Egypt 0.1316 constant 2015 US$ per US$ of GDP compare
- 75 United Arab Emirates 0.131 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is government spending vs. gdp, per unit of gdp in Latvia?
- Government spending vs. gdp, per unit of gdp in Latvia was 0.1331 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest government spending vs. gdp, per unit of gdp recorded in Latvia?
- The highest recorded value was 0.6634 constant 2015 US$ per US$ of GDP in 1995.
- What is the lowest government spending vs. gdp, per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.1331 constant 2015 US$ per US$ of GDP in 2025.
- How does Latvia rank for government spending vs. gdp, per unit of gdp?
- Latvia ranks 72nd out of 166 countries with data for 2025.
- Is government spending vs. gdp, per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Government spending vs. GDP, per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Government spending vs. GDP divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Government spending vs. GDP ÷ GDP (current US$)
Computed from
- Government spending vs. GDP National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Government spending vs. GDP divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.