Latvia recorded a Government Budget deficit equal to 4.50 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT
Government Budget in Latvia averaged -2.08 percent of GDP from 1995 until 2020, reaching an all time high of 1.40 percent of GDP in 1997 and a record low of -9.60 percent of GDP in 2009. This page provides - Latvia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Budget - values, historical data and charts - was last updated on May of 2021.
Government Budget in Latvia is expected to reach -7.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Budget is projected to trend around -2.10 percent of GDP in 2022 and -1.00 percent of GDP in 2023, according to our econometric models.