Latvia recorded a Government Budget deficit equal to 0.20 percent of the country's Gross Domestic Product in 2019.
Government Budget in Latvia averaged -1.98 percent of GDP from 1995 until 2019, reaching an all time high of 1.40 percent of GDP in 1997 and a record low of -9.60 percent of GDP in 2009. This page provides - Latvia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Budget - values, historical data and charts - was last updated on October of 2020.
Government Budget in Latvia is expected to reach -6.60 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Budget is projected to trend around -7.20 percent of GDP in 2021 and -5.80 percent of GDP in 2022, according to our econometric models.