Expenditure on old age function by type of benefit and means-testing in Latvia
Latvia: Expenditure on old age function by type of benefit and means-testing was 3,387 Million euro in 2024. ◆ Volatile
Latest (2024)
3,387 Million euro
Change on year
up 6.9%
World rank
36th
of 45 countries
All-time high
3,387 Million euro
in 2024
All-time low
457.87 Million euro
in 1997
Years of data
28
1997–2024
Expenditure on old age function by type of benefit and means-testing in Latvia, 1997–2024
Source: Eurostat. Measured in Million euro.
Analysis
Latvia recorded 3,387 Million euro for expenditure on old age function by type of benefit and means-testing in 2024. That is the highest value across all 28 years on record.
The figure is up 6.9% on the previous year and up 98.4% over ten years.
Over the whole period, expenditure on old age function by type of benefit and means-testing in Latvia peaked at 3,387 Million euro in 2024 and was at its lowest, 457.87 Million euro, in 1997.
Latvia ranks 36th of 45 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expenditure on old age function by type of benefit and means-testing in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 1997 | 457.87 Million euro | — |
| 1998 | 539.78 Million euro | +17.9% |
| 1999 | 652.36 Million euro | +20.9% |
| 2000 | 718.57 Million euro | +10.1% |
| 2001 | 710.96 Million euro | -1.1% |
| 2002 | 728.91 Million euro | +2.5% |
| 2003 | 670.91 Million euro | -8.0% |
| 2004 | 677.78 Million euro | +1.0% |
| 2005 | 735.2 Million euro | +8.5% |
| 2006 | 880.9 Million euro | +19.8% |
| 2007 | 1,011 Million euro | +14.8% |
| 2008 | 1,246 Million euro | +23.3% |
| 2009 | 1,402 Million euro | +12.5% |
| 2010 | 1,645 Million euro | +17.3% |
| 2011 | 1,600 Million euro | -2.7% |
| 2012 | 1,673 Million euro | +4.6% |
| 2013 | 1,719 Million euro | +2.7% |
| 2014 | 1,707 Million euro | -0.7% |
| 2015 | 1,748 Million euro | +2.4% |
| 2016 | 1,786 Million euro | +2.2% |
| 2017 | 1,868 Million euro | +4.6% |
| 2018 | 2,027 Million euro | +8.5% |
| 2019 | 2,142 Million euro | +5.7% |
| 2020 | 2,284 Million euro | +6.6% |
| 2021 | 2,524 Million euro | +10.5% |
| 2022 | 2,789 Million euro | +10.5% |
| 2023 | 3,169 Million euro | +13.6% |
| 2024 | 3,387 Million euro | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 550 Million euro | 457.87 Million euro | 652.36 Million euro | 3 |
| 2000s | 878.25 Million euro | 670.91 Million euro | 1,402 Million euro | 10 |
| 2010s | 1,791 Million euro | 1,600 Million euro | 2,142 Million euro | 10 |
| 2020s | 2,831 Million euro | 2,284 Million euro | 3,387 Million euro | 5 |
Countries ranked near Latvia
More reference data data for Latvia
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Frequently asked questions
- What is expenditure on old age function by type of benefit and means-testing in Latvia?
- Expenditure on old age function by type of benefit and means-testing in Latvia was 3,387 Million euro in 2024, according to Eurostat.
- What is the highest expenditure on old age function by type of benefit and means-testing recorded in Latvia?
- The highest recorded value was 3,387 Million euro in 2024.
- What is the lowest expenditure on old age function by type of benefit and means-testing recorded in Latvia?
- The lowest recorded value was 457.87 Million euro in 1997.
- How does Latvia rank for expenditure on old age function by type of benefit and means-testing?
- Latvia ranks 36th out of 45 countries with data for 2024.
- Is expenditure on old age function by type of benefit and means-testing rising or falling in Latvia?
- Over the last ten years it is up 98.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Expenditure on old age function by type of benefit and means-testing. Statizoid updates them automatically from the source API.
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