Government spending in Latvia was last recorded at 43.6 percent of GDP in 2020 . source: EUROSTAT

Government Spending to GDP in Latvia averaged 36.98 percent from 1990 until 2020, reaching an all time high of 46 percent in 2010 and a record low of 24.70 percent in 1992. This page provides the latest reported value for - Latvia Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Government Spending to GDP - values, historical data and charts - was last updated on June of 2021.

Government Spending to GDP in Latvia is expected to reach 41.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Spending to GDP is projected to trend around 39.00 percent in 2022, according to our econometric models.

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Latvia Government Spending to GDP

Actual Previous Highest Lowest Dates Unit Frequency
43.60 38.40 46.00 24.70 1990 - 2020 percent of GDP Yearly

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 43.50 37.00 47.90 8.50 percent of GDP [+]
Government Budget -4.50 -0.60 1.40 -9.60 percent of GDP [+]
Government Budget Value 33166776.00 -98266920.00 265296344.00 -664503770.00 EUR Million [+]
Government Spending 1136585.00 1478948.00 1478948.00 744659.00 EUR Thousand [+]
Government Spending to GDP 43.60 38.40 46.00 24.70 percent of GDP [+]
Government Revenues 1182648.00 1214919.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 12749.90 13152.60 13152.60 811.71 EUR Million [+]
Fiscal Expenditure 1138891.00 1362729.00 1796045.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 739.00 692.00 739.00 76.30 USD Million [+]
Asylum Applications 5.00 5.00 70.00 0.00 persons [+]