Finland vs Latvia: Share of government spending going to interest payments
Finland
2.0%
in 2023
Latvia
1.9%
in 2023
Finland rank
126th
Latvia rank
128th
Share of government spending going to interest payments over time
- Finland
- Latvia
How they compare
Finland currently reports 2.0% against 1.9% in Latvia, a difference of 0.1%.
That makes Finland's figure about 1.1 times Latvia's.
The two have swapped places 2 times across 30 shared years of data; in 1994 it was Finland ahead.
Finland ranks 126th and Latvia ranks 128th of 152 countries.
Across the 4 decades both report, Finland averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Finland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.8% | 2.6% | 6.2% | Finland |
| 2000s | 5.0% | 2.3% | 2.7% | Finland |
| 2010s | 2.9% | 3.9% | 1.0% | Latvia |
| 2020s | 1.5% | 1.6% | 0.1% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher share of government spending going to interest payments, Finland or Latvia?
- Finland, at 2.0% against 1.9% in Latvia as of 2023.
- What is the difference in share of government spending going to interest payments between Finland and Latvia?
- 0.1%, with Finland ahead.
- How many years of comparable data are there for Finland and Latvia?
- 30 years are reported by both, from 1994 to 2023.
- How do Finland and Latvia rank globally for share of government spending going to interest payments?
- Finland ranks 126th and Latvia ranks 128th of 152 countries.
- Where does this data come from?
- International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as Share of government spending going to interest payments. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Interest expenditures on government debt, as share of total central government expenditures. Interest expenditures on government debt include payments on long-term bonds, long-term loans, and other debt instruments.