Latvia recorded a Government Budget deficit equal to 1 percent of the country's Gross Domestic Product in 2018. Government Budget in Latvia averaged -2 percent of GDP from 1995 until 2018, reaching an all time high of 1.40 percent of GDP in 1997 and a record low of -9.50 percent of GDP in 2009.

Government Budget in Latvia is expected to be -0.90 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Budget is projected to trend around -0.70 percent of GDP in 2020, according to our econometric models.

Latvia Government Budget
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Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 35.90 40.00 47.30 8.00 percent [+]
Government Budget -1.00 -0.60 1.40 -9.50 percent of GDP [+]
Government Budget Value -86307636.00 -10500983.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1087253.00 899824.00 1179788.00 604350.00 EUR Thousand [+]
Government Spending to GDP 38.50 37.80 45.40 24.70 percent [+]
Government Revenues 859644.00 895304.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 11150.54 10607.95 11150.54 811.71 EUR Million [+]
Fiscal Expenditure 934892.00 895615.00 1575709.00 226009.00 EUR Thousand [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Credit Rating 69.35 [+]
Asylum Applications 25.00 25.00 70.00 0.00 persons [+]


Latvia Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Latvia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Budget - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -0.60 1.40 -9.50 1995 - 2018 percent of GDP Yearly




Country Last Previous
Argentina -5.50 Dec/18
Australia -0.60 Dec/18
Brazil -7.10 Dec/18
Canada -0.70 Dec/18
China -4.20 Dec/18
Euro Area -0.50 Dec/18
France -2.50 Dec/18
Germany 1.70 Dec/18
India -3.42 Dec/18
Indonesia -1.76 Dec/18
Italy -2.10 Dec/18
Japan -3.80 Dec/18
Mexico -2.00 Dec/18
Netherlands 1.50 Dec/18
Russia 2.70 Dec/18
Saudi Arabia -9.20 Dec/18
Singapore 0.40 Dec/18
South Africa -4.40 Dec/18
South Korea -1.60 Dec/18
Spain -2.50 Dec/18
Switzerland 1.30 Dec/18
Turkey -2.00 Dec/18
United Kingdom -2.00 Dec/18
United States -3.80 Dec/18


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