Expenditure on pensions by type of pension and means-testing in Latvia
Latvia: Expenditure on pensions by type of pension and means-testing was 3,669 Million euro in 2024. ◆ Volatile
Latest (2024)
3,669 Million euro
Change on year
up 8.1%
World rank
36th
of 45 countries
All-time high
3,669 Million euro
in 2024
All-time low
521.94 Million euro
in 1997
Years of data
28
1997–2024
Expenditure on pensions by type of pension and means-testing in Latvia, 1997–2024
Source: Eurostat. Measured in Million euro.
Analysis
Latvia recorded 3,669 Million euro for expenditure on pensions by type of pension and means-testing in 2024. That is the highest value across all 28 years on record.
That represents a change of up 8.1% on the previous year and up 97.2% over ten years.
Over the whole period, expenditure on pensions by type of pension and means-testing in Latvia peaked at 3,669 Million euro in 2024 and was at its lowest, 521.94 Million euro, in 1997.
That places Latvia 36th out of 45 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Expenditure on pensions by type of pension and means-testing in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 1997 | 521.94 Million euro | — |
| 1998 | 614.94 Million euro | +17.8% |
| 1999 | 735.49 Million euro | +19.6% |
| 2000 | 808.17 Million euro | +9.9% |
| 2001 | 798.93 Million euro | -1.1% |
| 2002 | 815.46 Million euro | +2.1% |
| 2003 | 749.66 Million euro | -8.1% |
| 2004 | 766.48 Million euro | +2.2% |
| 2005 | 824.79 Million euro | +7.6% |
| 2006 | 984.87 Million euro | +19.4% |
| 2007 | 1,116 Million euro | +13.3% |
| 2008 | 1,380 Million euro | +23.7% |
| 2009 | 1,563 Million euro | +13.3% |
| 2010 | 1,803 Million euro | +15.3% |
| 2011 | 1,746 Million euro | -3.1% |
| 2012 | 1,818 Million euro | +4.1% |
| 2013 | 1,863 Million euro | +2.4% |
| 2014 | 1,861 Million euro | -0.1% |
| 2015 | 1,881 Million euro | +1.1% |
| 2016 | 1,915 Million euro | +1.8% |
| 2017 | 2,004 Million euro | +4.7% |
| 2018 | 2,170 Million euro | +8.3% |
| 2019 | 2,289 Million euro | +5.5% |
| 2020 | 2,464 Million euro | +7.6% |
| 2021 | 2,651 Million euro | +7.6% |
| 2022 | 2,975 Million euro | +12.2% |
| 2023 | 3,393 Million euro | +14.1% |
| 2024 | 3,669 Million euro | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 624.12 Million euro | 521.94 Million euro | 735.49 Million euro | 3 |
| 2000s | 980.66 Million euro | 749.66 Million euro | 1,563 Million euro | 10 |
| 2010s | 1,935 Million euro | 1,746 Million euro | 2,289 Million euro | 10 |
| 2020s | 3,031 Million euro | 2,464 Million euro | 3,669 Million euro | 5 |
Countries ranked near Latvia
More reference data data for Latvia
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- Cooling and heating degree days by NUTS 2 regions - monthly data 505.67 Number (2025)
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- IPAC Dashboard indicators — Geothermal 0 Index (2025)
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Frequently asked questions
- What is expenditure on pensions by type of pension and means-testing in Latvia?
- Expenditure on pensions by type of pension and means-testing in Latvia was 3,669 Million euro in 2024, according to Eurostat.
- What is the highest expenditure on pensions by type of pension and means-testing recorded in Latvia?
- The highest recorded value was 3,669 Million euro in 2024.
- What is the lowest expenditure on pensions by type of pension and means-testing recorded in Latvia?
- The lowest recorded value was 521.94 Million euro in 1997.
- How does Latvia rank for expenditure on pensions by type of pension and means-testing?
- Latvia ranks 36th out of 45 countries with data for 2024.
- Is expenditure on pensions by type of pension and means-testing rising or falling in Latvia?
- Over the last ten years it is up 97.2%. 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 pensions by type of pension and means-testing. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (Eurostat).