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
29th
of 36 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

01.0k2.0k3.0k1997201020241997: 457.9 Million euro1998: 539.8 Million euro1999: 652.4 Million euro2000: 718.6 Million euro2001: 711 Million euro2002: 728.9 Million euro2003: 670.9 Million euro2004: 677.8 Million euro2005: 735.2 Million euro2006: 880.9 Million euro2007: 1.0k Million euro2008: 1.2k Million euro2009: 1.4k Million euro2010: 1.6k Million euro2011: 1.6k Million euro2012: 1.7k Million euro2013: 1.7k Million euro2014: 1.7k Million euro2015: 1.7k Million euro2016: 1.8k Million euro2017: 1.9k Million euro2018: 2.0k Million euro2019: 2.1k Million euro2020: 2.3k Million euro2021: 2.5k Million euro2022: 2.8k Million euro2023: 3.2k Million euro2024: 3.4k Million euro

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.

Compared with earlier readings it 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 29th of 36 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest 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

  1. 26 Croatia 6,326 Million euro compare
  2. 27 Slovenia 5,790 Million euro compare
  3. 28 Lithuania 4,827 Million euro compare
  4. 30 Estonia 3,060 Million euro compare
  5. 31 Cyprus 2,483 Million euro compare
  6. 32 Iceland 2,155 Million euro compare

See the full ranking of 45 places →

More reference data data for Latvia

All data for Latvia →

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 29th out of 36 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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About this data

Indicator
Expenditure on old age function by type of benefit and means-testing
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
45 places, 1,186 data points, 1990–2024
Last refreshed