Government Spending in Latvia increased to 1458977 EUR Thousand in the fourth quarter of 2019 from 1146903 EUR Thousand in the third quarter of 2019.

Government Spending in Latvia averaged 1043997.26 EUR Thousand from 1995 until 2019, reaching an all time high of 1458977 EUR Thousand in the fourth quarter of 2019 and a record low of 744550 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 May of 2020.

Government Spending in Latvia is expected to be 1256385.00 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 1463354.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1455330.00 EUR Thousand in 2021 and 1498989.00 EUR Thousand in 2022, according to our econometric models.

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Latvia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1458977.00 1146903.00 1458977.00 744550.00 1995 - 2019 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 -85981066.00 -127807870.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 1458977.00 1146903.00 1458977.00 744550.00 EUR Thousand [+]
Government Spending to GDP 38.90 39.50 46.10 24.70 percent [+]
Government Revenues 1091280.00 877873.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 11244.51 11244.04 11391.00 811.71 EUR Million [+]
Fiscal Expenditure 1173902.00 1022166.00 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 20.00 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.