Government Spending in Latvia decreased to 1157723 EUR Thousand in the third quarter of 2020 from 1346025 EUR Thousand in the second quarter of 2020. source: Central Statistical Bureau of Latvia

Government Spending in Latvia averaged 1052205.27 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 January 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.

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Latvia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1157723.00 1346025.00 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 -465259486.00 -107323232.00 265296344.00 -465259486.00 EUR Million [+]
Government Spending 1157723.00 1346025.00 1469463.00 744659.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 1188450.00 968119.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 13152.60 12755.90 13152.60 811.71 EUR Million [+]
Fiscal Expenditure 1796045.00 1099522.00 1796045.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 629.00 509.00 629.00 72.60 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.