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.
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 35th out of 38 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.
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% |
Latvia compared with similar countries
- Latvia's 2,481 Million euro is below the median for Europe & Central Asia, which is 20,187 Million euro, 12% of the median. (29 countries reporting)
- Latvia's 2,481 Million euro is below the median for high income countries, which is 19,434 Million euro, 13% of the median. (30 countries reporting)
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
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
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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CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Eurostat).