Government spending in Latvia was last recorded at 38.5 percent of GDP in 2018 . Government Spending to GDP in Latvia averaged 36.37 percent from 1990 until 2018, reaching an all time high of 45.40 percent in 2010 and a record low of 24.70 percent in 1992.

Government Spending to GDP in Latvia is expected to be 38.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Spending to GDP is projected to trend around 37.50 percent in 2020, according to our econometric models.

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Latvia Government Spending to GDP

Actual Previous Highest Lowest Dates Unit Frequency
38.50 37.80 45.40 24.70 1990 - 2018 percent Yearly
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 [+]