Latvia recorded a government debt equivalent to 35.90 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Latvia averaged 23.93 percent from 1995 until 2018, reaching an all time high of 47.30 percent in 2010 and a record low of 8 percent in 2007.

Government Debt to GDP in Latvia is expected to be 34.60 percent by the end of this quarter, 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 33.00 percent in 2020, according to our econometric models.

Latvia Government Debt to GDP
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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 53277094.00 -95328350.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1179788.00 920083.00 1179788.00 604350.00 EUR Thousand [+]
Government Spending to GDP 38.50 37.80 45.40 24.70 percent [+]
Government Revenues 1074236.00 818464.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 10385.80 9766.10 10782.30 811.70 EUR Million [+]
Fiscal Expenditure 1001863.00 900273.00 1575709.00 226009.00 EUR Thousand [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Credit Rating 69.35 [+]
Asylum Applications 5.00 10.00 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. This page provides - Latvia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
35.90 40.00 47.30 8.00 1995 - 2018 percent Yearly




Country Last Previous
Japan 253.00 Dec/17
Italy 132.20 Dec/18
Singapore 112.20 Dec/18
United States 105.40 Dec/17
France 98.40 Dec/18
Spain 97.10 Dec/18
Canada 90.60 Dec/18
Argentina 86.20 Dec/18
Euro Area 85.10 Dec/18
United Kingdom 84.70 Dec/18
Brazil 77.22 Dec/18
India 68.70 Dec/17
Germany 60.90 Dec/18
South Africa 55.80 Dec/18
Netherlands 52.40 Dec/18
China 47.60 Dec/17
Mexico 46.00 Dec/18
Australia 40.70 Dec/18
South Korea 36.60 Dec/18
Indonesia 29.80 Dec/18
Switzerland 29.70 Dec/17
Turkey 28.30 Dec/17
Saudi Arabia 19.10 Dec/18
Russia 13.50 Dec/17


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