Government Spending in Latvia increased to 1050484 EUR Thousand in the second quarter of 2018 from 868734 EUR Thousand in the first quarter of 2018. Government Spending in Latvia averaged 842675.86 EUR Thousand from 1995 until 2018, reaching an all time high of 1173167 EUR Thousand in the fourth quarter of 2006 and a record low of 604350 EUR Thousand in the third quarter of 1996.

Government Spending in Latvia is expected to be 894946.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Latvia to stand at 897402.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1227825.00 EUR Thousand in 2020, according to our econometric models.

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Latvia Government Spending
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Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.10 40.50 47.40 8.40 percent [+]
Government Budget -0.50 0.10 1.40 -9.10 percent of GDP [+]
Government Budget Value -18040630.00 38254941.00 265296344.00 -250375920.00 EUR Million [+]
Government Spending 1050484.00 868734.00 1173167.00 604350.00 EUR Thousand [+]
Government Spending to GDP 38.00 37.10 45.50 24.70 percent [+]
Government Revenues 846658.00 939161.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 10385.80 9766.10 10782.30 811.70 EUR Million [+]
Fiscal Expenditure 879214.00 893386.00 1302285.00 226009.00 EUR Thousand [+]
Military Expenditure 491.61 406.86 495.51 69.50 USD Million [+]
Credit Rating 69.35 [+]
Asylum Applications 10.00 10.00 70.00 0.00 persons [+]

Latvia Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Latvia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Spending - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1050484.00 868734.00 1173167.00 604350.00 1995 - 2018 EUR Thousand Quarterly
Constant Prices, NSA

Country Last
Argentina 97236.00 Jun/18
Australia 85568.00 Jun/18
Brazil 119639.00 Sep/18
Canada 366209.00 Jun/18
China 203330.00 Dec/17
Euro Area 541.83 Jun/18
France 135951.00 Sep/18
Germany 141.98 Jun/18
India 3972.15 Jun/18
Indonesia 205839.31 Sep/18
Italy 78678.70 Jun/18
Japan 107015.20 Sep/18
Mexico 2196413.00 Jun/18
Netherlands 44573.00 Sep/18
Russia 3972.90 Jun/18
Saudi Arabia 183426.00 Jun/18
Singapore 10674.70 Sep/18
South Africa 639964.00 Jun/18
South Korea 60585.40 Sep/18
Spain 56107.00 Sep/18
Switzerland 19857.94 Jun/18
Turkey 58800570.50 Jun/18
United Kingdom 92514.00 Sep/18
United States 3197.46 Sep/18