Total Expenditure (central government) — Value US$, 2015 prices in Latvia
Latvia: Total Expenditure (central government) — Value US$, 2015 prices was 9,027 million USD in 2024. ▲ Rising
Total Expenditure (central government) — Value US$, 2015 prices in Latvia, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, total expenditure (central government) — value us$, 2015 prices in Latvia stood at 9,027 million USD. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 7.6% on the previous year and up 53.7% over ten years.
Over the whole period, total expenditure (central government) — value us$, 2015 prices in Latvia peaked at 9,027 million USD in 2024 and was at its lowest, 2,964 million USD, in 2001.
That places Latvia 86th out of 173 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (central government) — Value US$, 2015 prices in Latvia, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 2,964 million USD | — |
| 2002 | 3,353 million USD | +13.1% |
| 2003 | 3,720 million USD | +11.0% |
| 2004 | 4,254 million USD | +14.3% |
| 2005 | 4,846 million USD | +13.9% |
| 2006 | 5,931 million USD | +22.4% |
| 2007 | 6,225 million USD | +5.0% |
| 2008 | 6,443 million USD | +3.5% |
| 2009 | 5,729 million USD | -11.1% |
| 2010 | 6,009 million USD | +4.9% |
| 2011 | 5,752 million USD | -4.3% |
| 2012 | 5,629 million USD | -2.1% |
| 2013 | 5,584 million USD | -0.8% |
| 2014 | 5,874 million USD | +5.2% |
| 2015 | 6,143 million USD | +4.6% |
| 2016 | 5,895 million USD | -4.0% |
| 2017 | 6,320 million USD | +7.2% |
| 2018 | 6,859 million USD | +8.5% |
| 2019 | 6,824 million USD | -0.5% |
| 2020 | 7,718 million USD | +13.1% |
| 2021 | 9,002 million USD | +16.6% |
| 2022 | 8,508 million USD | -5.5% |
| 2023 | 8,389 million USD | -1.4% |
| 2024 | 9,027 million USD | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4,829 million USD | 2,964 million USD | 6,443 million USD | 9 |
| 2010s | 6,089 million USD | 5,584 million USD | 6,859 million USD | 10 |
| 2020s | 8,529 million USD | 7,718 million USD | 9,027 million USD | 5 |
Countries ranked near Latvia
- 83 China, Macao SAR 9,978 million USD compare
- 84 Cyprus 9,961 million USD compare
- 85 Guatemala 9,875 million USD compare
- 87 Turkmenistan 8,903 million USD compare
- 88 Trinidad and Tobago 8,087 million USD compare
- 89 Iceland 7,967 million USD compare
More economy & growth data for Latvia
- GDP (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.642 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 16,892 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.6625 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 17,433 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 8.25 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 5,125 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is total expenditure (central government) — value us$, 2015 prices in Latvia?
- Total expenditure (central government) — value us$, 2015 prices in Latvia was 9,027 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value us$, 2015 prices recorded in Latvia?
- The highest recorded value was 9,027 million USD in 2024.
- What is the lowest total expenditure (central government) — value us$, 2015 prices recorded in Latvia?
- The lowest recorded value was 2,964 million USD in 2001.
- How does Latvia rank for total expenditure (central government) — value us$, 2015 prices?
- Latvia ranks 86th out of 173 countries with data for 2024.
- Is total expenditure (central government) — value us$, 2015 prices rising or falling in Latvia?
- Over the last ten years it is up 53.7%. 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 US$, 2015 prices. 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.