Expenditure on social benefits by function in Latvia
Latvia: Expenditure on social benefits by function was 7,553 Million euro in 2024. ◆ Volatile
Latest (2024)
7,553 Million euro
Change on year
up 8.0%
World rank
37th
of 45 countries
All-time high
7,553 Million euro
in 2024
All-time low
823.66 Million euro
in 1997
Years of data
28
1997–2024
Expenditure on social benefits by function in Latvia, 1997–2024
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for expenditure on social benefits by function in Latvia is 7,553 Million euro, measured in 2024. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 8.0% on the previous year and up 124.5% over ten years.
Over the whole period, expenditure on social benefits by function in Latvia peaked at 7,553 Million euro in 2024 and was at its lowest, 823.66 Million euro, in 1997.
Latvia ranks 37th 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 social benefits by function in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 1997 | 823.66 Million euro | — |
| 1998 | 949.16 Million euro | +15.2% |
| 1999 | 1,150 Million euro | +21.2% |
| 2000 | 1,287 Million euro | +11.9% |
| 2001 | 1,323 Million euro | +2.8% |
| 2002 | 1,353 Million euro | +2.2% |
| 2003 | 1,325 Million euro | -2.1% |
| 2004 | 1,401 Million euro | +5.8% |
| 2005 | 1,611 Million euro | +15.0% |
| 2006 | 2,004 Million euro | +24.4% |
| 2007 | 2,343 Million euro | +16.9% |
| 2008 | 2,898 Million euro | +23.7% |
| 2009 | 3,103 Million euro | +7.0% |
| 2010 | 3,168 Million euro | +2.1% |
| 2011 | 3,020 Million euro | -4.7% |
| 2012 | 3,106 Million euro | +2.8% |
| 2013 | 3,272 Million euro | +5.4% |
| 2014 | 3,365 Million euro | +2.8% |
| 2015 | 3,582 Million euro | +6.4% |
| 2016 | 3,733 Million euro | +4.2% |
| 2017 | 3,916 Million euro | +4.9% |
| 2018 | 4,369 Million euro | +11.6% |
| 2019 | 4,708 Million euro | +7.8% |
| 2020 | 5,183 Million euro | +10.1% |
| 2021 | 6,361 Million euro | +22.7% |
| 2022 | 6,710 Million euro | +5.5% |
| 2023 | 6,991 Million euro | +4.2% |
| 2024 | 7,553 Million euro | +8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 974.26 Million euro | 823.66 Million euro | 1,150 Million euro | 3 |
| 2000s | 1,865 Million euro | 1,287 Million euro | 3,103 Million euro | 10 |
| 2010s | 3,624 Million euro | 3,020 Million euro | 4,708 Million euro | 10 |
| 2020s | 6,560 Million euro | 5,183 Million euro | 7,553 Million euro | 5 |
Countries ranked near Latvia
More reference data data for Latvia
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Frequently asked questions
- What is expenditure on social benefits by function in Latvia?
- Expenditure on social benefits by function in Latvia was 7,553 Million euro in 2024, according to Eurostat.
- What is the highest expenditure on social benefits by function recorded in Latvia?
- The highest recorded value was 7,553 Million euro in 2024.
- What is the lowest expenditure on social benefits by function recorded in Latvia?
- The lowest recorded value was 823.66 Million euro in 1997.
- How does Latvia rank for expenditure on social benefits by function?
- Latvia ranks 37th out of 45 countries with data for 2024.
- Is expenditure on social benefits by function rising or falling in Latvia?
- Over the last ten years it is up 124.5%. 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 social benefits by function. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (Eurostat).