Government Spending in Latvia increased to 1478948 EUR Thousand in the fourth quarter of 2020 from 1157723 EUR Thousand in the third quarter of 2020. source: Central Statistical Bureau of Latvia

Government Spending in Latvia averaged 1056308.57 EUR Thousand from 1995 until 2020, reaching an all time high of 1478948 EUR Thousand in the fourth quarter of 2020 and a record low of 744659 EUR Thousand in the third quarter of 1996. This page provides - Latvia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Spending - values, historical data and charts - was last updated on April of 2021.

Government Spending in Latvia is expected to be 1146935.00 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 1215609.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1276390.00 EUR Thousand in 2022 and 1314681.00 EUR Thousand in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Latvia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1478948.00 1157723.00 1478948.00 744659.00 1995 - 2020 EUR Thousand Quarterly
Constant Prices 2015, NSA

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.90 37.20 48.10 8.50 percent [+]
Government Budget -0.20 -0.80 1.40 -9.60 percent of GDP [+]
Government Budget Value -125850748.00 82687376.00 265296344.00 -465259486.00 EUR Million [+]
Government Spending 1478948.00 1157723.00 1478948.00 744659.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 1146779.00 1096690.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 13152.60 12755.90 13152.60 811.71 EUR Million [+]
Fiscal Expenditure 1216817.00 926532.00 1796045.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 727.00 724.00 727.00 78.30 USD Million [+]
Asylum Applications 5.00 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.