Total Expenditure (central government) — Value Standard Local Currency in Latvia
Latvia: Total Expenditure (central government) — Value Standard Local Currency was 11,537 million SLC in 2024. ▲ Rising
Total Expenditure (central government) — Value Standard Local Currency in Latvia, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total expenditure (central government) — value standard local currency in Latvia stood at 11,537 million SLC. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 10.4% on the previous year and up 118.7% over ten years.
Over the whole period, total expenditure (central government) — value standard local currency in Latvia peaked at 11,537 million SLC in 2024 and was at its lowest, 1,358 million SLC, in 2001.
Latvia ranks 140th of 174 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (central government) — Value Standard Local Currency in Latvia, year by year
| Year | million SLC | Change |
|---|---|---|
| 2001 | 1,358 million SLC | — |
| 2002 | 1,586 million SLC | +16.8% |
| 2003 | 1,824 million SLC | +15.0% |
| 2004 | 2,230 million SLC | +22.3% |
| 2005 | 2,806 million SLC | +25.8% |
| 2006 | 3,786 million SLC | +34.9% |
| 2007 | 4,750 million SLC | +25.5% |
| 2008 | 5,525 million SLC | +16.3% |
| 2009 | 4,631 million SLC | -16.2% |
| 2010 | 4,834 million SLC | +4.4% |
| 2011 | 4,845 million SLC | +0.2% |
| 2012 | 4,878 million SLC | +0.7% |
| 2013 | 4,931 million SLC | +1.1% |
| 2014 | 5,274 million SLC | +6.9% |
| 2015 | 5,537 million SLC | +5.0% |
| 2016 | 5,346 million SLC | -3.5% |
| 2017 | 5,886 million SLC | +10.1% |
| 2018 | 6,627 million SLC | +12.6% |
| 2019 | 6,877 million SLC | +3.8% |
| 2020 | 7,965 million SLC | +15.8% |
| 2021 | 9,596 million SLC | +20.5% |
| 2022 | 9,962 million SLC | +3.8% |
| 2023 | 10,452 million SLC | +4.9% |
| 2024 | 11,537 million SLC | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,166 million SLC | 1,358 million SLC | 5,525 million SLC | 9 |
| 2010s | 5,504 million SLC | 4,834 million SLC | 6,877 million SLC | 10 |
| 2020s | 9,902 million SLC | 7,965 million SLC | 11,537 million SLC | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
Frequently asked questions
- What is total expenditure (central government) — value standard local currency in Latvia?
- Total expenditure (central government) — value standard local currency in Latvia was 11,537 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value standard local currency recorded in Latvia?
- The highest recorded value was 11,537 million SLC in 2024.
- What is the lowest total expenditure (central government) — value standard local currency recorded in Latvia?
- The lowest recorded value was 1,358 million SLC in 2001.
- How does Latvia rank for total expenditure (central government) — value standard local currency?
- Latvia ranks 140th out of 174 countries with data for 2024.
- Is total expenditure (central government) — value standard local currency rising or falling in Latvia?
- Over the last ten years it is up 118.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.