Historical gov spending gdp in Latvia
Latvia: Historical gov spending gdp was 44.47 in 2024. ▲ Rising
Latest (2024)
44.47
Change on year
up 3.2%
World rank
29th
of 151 countries
All-time high
44.59
in 2021
All-time low
34.43
in 2003
Years of data
27
1998–2024
Historical gov spending gdp in Latvia, 1998–2024
Source: Our World in Data.
Analysis
In 2024, historical gov spending gdp in Latvia stood at 44.47.
The figure is up 3.2% on the previous year and up 13.5% over ten years.
Over the whole period, historical gov spending gdp in Latvia peaked at 44.59 in 2021 and was at its lowest, 34.43, in 2003.
Latvia ranks 29th of 151 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39.26 | 38.09 | 40.43 | 2 |
| 2000s | 36.46 | 34.43 | 43.59 | 10 |
| 2010s | 39.35 | 37.41 | 43.55 | 10 |
| 2020s | 43.66 | 42.64 | 44.59 | 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 historical gov spending gdp in Latvia?
- Historical gov spending gdp in Latvia was 44.47 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Latvia?
- The highest recorded value was 44.59 in 2021.
- What is the lowest historical gov spending gdp recorded in Latvia?
- The lowest recorded value was 34.43 in 2003.
- How does Latvia rank for historical gov spending gdp?
- Latvia ranks 29th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in Latvia?
- Over the last ten years it is up 13.5%. 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 Historical gov spending gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (Our World in Data).