Government Spending in Latvia decreased to 899824 EUR Thousand in the first quarter of 2019 from 1179788 EUR Thousand in the fourth quarter of 2018. Government Spending in Latvia averaged 848643.64 EUR Thousand from 1995 until 2019, reaching an all time high of 1179788 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 1072698.00 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 1209283.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1281668.00 EUR Thousand in 2020, according to our econometric models.

Latvia Government Spending
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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 -77075794.00 204911201.00 265296344.00 -424470810.00 EUR Million [+]
Government Spending 899824.00 1179788.00 1179788.00 604350.00 EUR Thousand [+]
Government Spending to GDP 38.50 37.80 45.40 24.70 percent [+]
Government Revenues 956313.00 1200918.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 11150.54 10607.95 11150.54 811.71 EUR Million [+]
Fiscal Expenditure 1038365.00 1036121.00 1575709.00 226009.00 EUR Thousand [+]
Military Expenditure 629.00 509.00 629.00 72.60 USD Million [+]
Credit Rating 69.35 [+]
Asylum Applications 10.00 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. This page provides - Latvia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Spending - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
899824.00 1179788.00 1179788.00 604350.00 1995 - 2019 EUR Thousand Quarterly
Constant Prices, NSA




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