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
28th
of 30 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

5001.0k1.5k2.0k2.5k1995200920241995: 319.4 Million euro1996: 326.3 Million euro1997: 399.7 Million euro1998: 474.9 Million euro1999: 516.9 Million euro2000: 581.9 Million euro2001: 704.6 Million euro2002: 777.4 Million euro2003: 856.3 Million euro2004: 961.5 Million euro2005: 927.4 Million euro2006: 1.1k Million euro2007: 1.3k Million euro2008: 1.6k Million euro2009: 1.2k Million euro2010: 1.2k Million euro2011: 1.4k Million euro2012: 1.4k Million euro2013: 1.5k Million euro2014: 1.5k Million euro2015: 1.6k Million euro2016: 1.5k Million euro2017: 1.6k Million euro2018: 1.7k Million euro2019: 1.9k Million euro2020: 2.0k Million euro2021: 2.1k Million euro2022: 2.4k Million euro2023: 2.5k Million euro2024: 2.5k Million euro

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.

Compared with earlier readings it is 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.

That places Latvia 28th out of 30 countries with data for 2024, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 30 years of available data.

Averages by decade

DecadeAverage LowestHighest 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

  1. 25 Lithuania 3,469 Million euro compare
  2. 26 Iceland 2,860 Million euro compare
  3. 27 Estonia 2,500 Million euro compare
  4. 29 Malta 1,714 Million euro compare
  5. 30 Cyprus 1,476 Million euro compare

See the full ranking of 34 places →

More reference data data for Latvia

All data for Latvia →

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 28th out of 30 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.

Download this data

CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Eurostat).

About this data

Indicator
General government expenditure by function (COFOG)
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
34 places, 948 data points, 1990–2025
Last refreshed