Government Spending in Latvia increased to 1346025 EUR Thousand in the second quarter of 2020 from 1132216 EUR Thousand in the first quarter of 2020.

Government Spending in Latvia averaged 1051170.78 EUR Thousand from 1995 until 2020, reaching an all time high of 1469463 EUR Thousand in the fourth quarter of 2019 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 October of 2020.

Government Spending in Latvia is expected to be 1128009.00 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 1523700.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1465789.00 EUR Thousand in 2021 and 1509763.00 EUR Thousand in 2022, according to our econometric models.

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Latvia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1346025.00 1132216.00 1469463.00 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 -128615337.00 -73110698.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1346025.00 1132216.00 1469463.00 744659.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 924419.00 951963.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 12755.90 11211.10 12755.90 811.71 EUR Million [+]
Fiscal Expenditure 1054372.00 998286.00 1621177.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Asylum Applications 10.00 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.