Latvia recorded a government debt equivalent to 36.90 percent of the country's Gross Domestic Product in 2019.

Government Debt to GDP in Latvia averaged 24.83 percent from 1995 until 2019, reaching an all time high of 48.10 percent in 2010 and a record low of 8.50 percent in 2007. This page provides - Latvia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Debt to GDP - values, historical data and charts - was last updated on September of 2020.

Government Debt to GDP in Latvia is expected to reach 42.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Debt to GDP is projected to trend around 45.00 percent in 2021 and 47.00 percent in 2022, according to our econometric models.

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Latvia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
36.90 37.20 48.10 8.50 1995 - 2019 percent Yearly

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.90 37.20 48.10 8.50 percent [+]
Government Budget -0.20 -0.80 1.40 -9.60 percent of GDP [+]
Government Budget Value -73110698.00 137975307.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1346025.00 1132216.00 1469463.00 744659.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 951963.00 1205733.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 11292.00 11244.51 11391.00 811.71 EUR Million [+]
Fiscal Expenditure 998286.00 1068178.00 1621177.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Asylum Applications 5.00 0.00 70.00 0.00 persons [+]


Latvia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.