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
30th
of 36 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

02.0k4.0k6.0k8.0k1997201020241997: 823.7 Million euro1998: 949.2 Million euro1999: 1.1k Million euro2000: 1.3k Million euro2001: 1.3k Million euro2002: 1.4k Million euro2003: 1.3k Million euro2004: 1.4k Million euro2005: 1.6k Million euro2006: 2.0k Million euro2007: 2.3k Million euro2008: 2.9k Million euro2009: 3.1k Million euro2010: 3.2k Million euro2011: 3.0k Million euro2012: 3.1k Million euro2013: 3.3k Million euro2014: 3.4k Million euro2015: 3.6k Million euro2016: 3.7k Million euro2017: 3.9k Million euro2018: 4.4k Million euro2019: 4.7k Million euro2020: 5.2k Million euro2021: 6.4k Million euro2022: 6.7k Million euro2023: 7.0k Million euro2024: 7.6k Million euro

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.

That places Latvia 30th out of 36 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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 27 Serbia 15,165 Million euro compare
  2. 28 Lithuania 13,335 Million euro compare
  3. 29 Iceland 8,268 Million euro compare
  4. 31 Estonia 7,098 Million euro compare
  5. 32 Cyprus 6,275 Million euro compare
  6. 33 Bosnia and Herzegovina 5,661 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 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 30th out of 36 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).

About this data

Indicator
Expenditure on social benefits by function
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
45 places, 1,202 data points, 1990–2024
Last refreshed