Government Spending in Latvia decreased to 1136585 EUR Thousand in the first quarter of 2021 from 1478948 EUR Thousand in the fourth quarter of 2020. source: Central Statistical Bureau of Latvia

Government Spending in Latvia averaged 1057073.10 EUR Thousand from 1995 until 2021, reaching an all time high of 1478948 EUR Thousand in the fourth quarter of 2020 and a record low of 744659 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 July of 2021.

Government Spending in Latvia is expected to be 1430825.00 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 1594306.00 in 12 months time. In the long-term, the Latvia Government Spending is projected to trend around 1619685.00 EUR Thousand in 2022 and 1668275.00 EUR Thousand in 2023, according to our econometric models.

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Latvia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1136585.00 1478948.00 1478948.00 744659.00 1995 - 2021 EUR Thousand Quarterly
Constant Prices 2015, NSA

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 43.50 37.00 47.90 8.50 percent of GDP [+]
Government Budget -4.50 -0.60 1.40 -9.60 percent of GDP [+]
Government Budget Value -252544202.00 33166776.00 265296344.00 -664503770.00 EUR Million [+]
Government Spending 1136585.00 1478948.00 1478948.00 744659.00 EUR Thousand [+]
Government Spending to GDP 43.60 38.40 46.00 24.70 percent of GDP [+]
Government Revenues 1128291.00 1182648.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 13430.20 12749.90 13430.20 811.71 EUR Million [+]
Fiscal Expenditure 1451597.00 1138891.00 1796045.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 739.00 692.00 739.00 76.30 USD Million [+]
Asylum Applications 5.00 5.00 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.