General government expenditure by function in Latvia
Latvia: General government expenditure by function was 2,481 Million euro in 2024. ▲ Rising
Latest (2024)
2,481 Million euro
Change on year
down 1.0%
World rank
35th
of 38 countries
All-time high
2,507 Million euro
in 2023
All-time low
319.4 Million euro
in 1995
Years of data
30
1995–2024
General government expenditure by function in Latvia, 1995–2024
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for general government expenditure by function in Latvia is 2,481 Million euro, measured in 2024.
That represents a change of down 1.0% on the previous year and up 61.1% over ten years.
Over the whole period, general government expenditure by function in Latvia peaked at 2,507 Million euro in 2023 and was at its lowest, 319.4 Million euro, in 1995.
Latvia ranks 35th of 38 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
General government expenditure by function in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 1995 | 319.4 Million euro | — |
| 1996 | 326.3 Million euro | +2.2% |
| 1997 | 399.7 Million euro | +22.5% |
| 1998 | 474.9 Million euro | +18.8% |
| 1999 | 516.9 Million euro | +8.8% |
| 2000 | 581.9 Million euro | +12.6% |
| 2001 | 704.6 Million euro | +21.1% |
| 2002 | 777.4 Million euro | +10.3% |
| 2003 | 856.3 Million euro | +10.1% |
| 2004 | 961.5 Million euro | +12.3% |
| 2005 | 927.4 Million euro | -3.5% |
| 2006 | 1,091 Million euro | +17.7% |
| 2007 | 1,285 Million euro | +17.7% |
| 2008 | 1,568 Million euro | +22.0% |
| 2009 | 1,198 Million euro | -23.6% |
| 2010 | 1,218 Million euro | +1.7% |
| 2011 | 1,372 Million euro | +12.6% |
| 2012 | 1,389 Million euro | +1.2% |
| 2013 | 1,478 Million euro | +6.5% |
| 2014 | 1,540 Million euro | +4.2% |
| 2015 | 1,585 Million euro | +2.9% |
| 2016 | 1,521 Million euro | -4.0% |
| 2017 | 1,616 Million euro | +6.3% |
| 2018 | 1,710 Million euro | +5.8% |
| 2019 | 1,939 Million euro | +13.4% |
| 2020 | 1,967 Million euro | +1.4% |
| 2021 | 2,080 Million euro | +5.7% |
| 2022 | 2,427 Million euro | +16.7% |
| 2023 | 2,507 Million euro | +3.3% |
| 2024 | 2,481 Million euro | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 407.44 Million euro | 319.4 Million euro | 516.9 Million euro | 5 |
| 2000s | 995.16 Million euro | 581.9 Million euro | 1,568 Million euro | 10 |
| 2010s | 1,537 Million euro | 1,218 Million euro | 1,939 Million euro | 10 |
| 2020s | 2,293 Million euro | 1,967 Million euro | 2,507 Million euro | 5 |
Countries ranked near Latvia
More reference data data for Latvia
- Cooling and heating degree days by NUTS 2 regions - annual data 4.98 % change on previous year (2025)
- Cooling and heating degree days by NUTS 2 regions - monthly data -2.4 % change on previous year (2025)
- Exposure to extreme precipitation — Annual precipitation change 65.46 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.43 Degrees celsius (2023)
- Cooling and heating degree days by NUTS 2 regions - monthly data 505.67 Number (2025)
- Cooling and heating degree days by NUTS 2 regions - annual data 3,617 Number (2025)
- IPAC Dashboard indicators — Geothermal 0 Index (2025)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 19.46 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 4.99 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 41.31 Percentage of GDP (2022)
Frequently asked questions
- What is general government expenditure by function in Latvia?
- General government expenditure by function in Latvia was 2,481 Million euro in 2024, according to Eurostat.
- What is the highest general government expenditure by function recorded in Latvia?
- The highest recorded value was 2,507 Million euro in 2023.
- What is the lowest general government expenditure by function recorded in Latvia?
- The lowest recorded value was 319.4 Million euro in 1995.
- How does Latvia rank for general government expenditure by function?
- Latvia ranks 35th out of 38 countries with data for 2024.
- Is general government expenditure by function rising or falling in Latvia?
- Over the last ten years it is up 61.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of General government expenditure by function (COFOG). Statizoid updates them automatically from the source API.
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