Government Spending in Latvia increased to 1087253 EUR Thousand in the second quarter of 2019 from 899824 EUR Thousand in the first quarter of 2019. Government Spending in Latvia averaged 851078.43 EUR Thousand from 1995 until 2019, reaching an all time high of 1179788 EUR Thousand in the fourth quarter of 2018 and a record low of 604350 EUR Thousand in the third quarter of 1996.

Government Spending in Latvia is expected to be 943085.00 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 924119.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1281668.00 EUR Thousand in 2020, according to our econometric models.

Latvia Government Spending
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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 -77075794.00 204911201.00 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 956313.00 1200918.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 11150.54 10607.95 11150.54 811.71 EUR Million [+]
Fiscal Expenditure 1038365.00 1036121.00 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 5.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1087253.00 899824.00 1179788.00 604350.00 1995 - 2019 EUR Thousand Quarterly
Constant Prices, NSA




Country Last Previous
Argentina 94555.00 Jun/19
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Brazil 120212.48 Jul/19
Canada 424534.00 Jun/19
China 220906.00 Dec/18
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Germany 163.06 Jun/19
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Spain 58162.00 Jun/19
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Turkey 62009834.30 Jun/19
United Kingdom 94259.00 Jun/19
United States 3293.82 Jun/19


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