Government spending in Latvia was last recorded at 38.9 percent of GDP in 2019 .

Government Spending to GDP in Latvia averaged 36.86 percent from 1990 until 2019, reaching an all time high of 46.10 percent in 2010 and a record low of 24.70 percent in 1992. This page provides the latest reported value for - Latvia Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Government Spending to GDP - values, historical data and charts - was last updated on May of 2020.

Government Spending to GDP in Latvia is expected to reach 46.20 percent by the end of 2020, 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 41.80 percent in 2021 and 39.00 percent in 2022, according to our econometric models.

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Latvia Government Spending to GDP

Actual Previous Highest Lowest Dates Unit Frequency
38.90 39.50 46.10 24.70 1990 - 2019 percent Yearly

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 1132216.00 1469463.00 1469463.00 744659.00 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 [+]