Government Spending in Latvia decreased to 1146164 EUR Thousand in the third quarter of 2019 from 1312494 EUR Thousand in the second quarter of 2019. Government Spending in Latvia averaged 860686 EUR Thousand from 1995 until 2019, reaching an all time high of 1424199 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 1093134.00 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 1175964.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1247580.00 EUR Thousand in 2020, according to our econometric models.

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Latvia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1146164.00 1312494.00 1424199.00 604350.00 1995 - 2019 EUR Thousand Quarterly
Constant Prices, NSA


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.

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 133551709.00 -93516418.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1146164.00 1312494.00 1424199.00 604350.00 EUR Thousand [+]
Government Spending to GDP 38.50 37.80 45.40 24.70 percent [+]
Government Revenues 924417.00 1086941.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 10993.06 11151.48 11151.48 811.71 EUR Million [+]
Fiscal Expenditure 1063578.00 1164556.00 1575709.00 226009.00 EUR Thousand [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 25.00 15.00 70.00 0.00 persons [+]