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.
Historical gov spending gdp in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 38.09 | — |
| 1999 | 40.43 | +6.1% |
| 2000 | 37.04 | -8.4% |
| 2001 | 35.02 | -5.5% |
| 2002 | 35.36 | +1.0% |
| 2003 | 34.43 | -2.6% |
| 2004 | 34.8 | +1.1% |
| 2005 | 35.81 | +2.9% |
| 2006 | 35.55 | -0.7% |
| 2007 | 34.76 | -2.2% |
| 2008 | 38.18 | +9.8% |
| 2009 | 43.59 | +14.1% |
| 2010 | 43.55 | -0.1% |
| 2011 | 41.24 | -5.3% |
| 2012 | 38.55 | -6.5% |
| 2013 | 38.68 | +0.3% |
| 2014 | 39.18 | +1.3% |
| 2015 | 38.7 | -1.2% |
| 2016 | 37.41 | -3.3% |
| 2017 | 37.83 | +1.1% |
| 2018 | 39.4 | +4.1% |
| 2019 | 38.98 | -1.1% |
| 2020 | 42.64 | +9.4% |
| 2021 | 44.59 | +4.6% |
| 2022 | 43.54 | -2.3% |
| 2023 | 43.07 | -1.1% |
| 2024 | 44.47 | +3.2% |
Latvia compared with similar countries
- Latvia's 44.47 is above the median for high income countries, which is 42.31, 1.1× the median. (56 countries reporting)
- Latvia's 44.47 is above the median for Europe & Central Asia, which is 44.41, 1.0× the median. (41 countries reporting)
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
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (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.
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