Government deficit/surplus, debt and associated data in Latvia
Latvia: Government deficit/surplus, debt and associated data was 43,026 Million euro in 2025. ◆ Volatile
Latest (2025)
43,026 Million euro
Change on year
up 5.8%
World rank
30th
of 35 countries
All-time high
43,026 Million euro
in 2025
All-time low
4,008 Million euro
in 1995
Years of data
31
1995–2025
Government deficit/surplus, debt and associated data in Latvia, 1995–2025
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for government deficit/surplus, debt and associated data in Latvia is 43,026 Million euro, measured in 2025. That is the highest value across all 31 years on record.
That represents a change of up 5.8% on the previous year and up 81.2% over ten years.
Over the whole period, government deficit/surplus, debt and associated data in Latvia peaked at 43,026 Million euro in 2025 and was at its lowest, 4,008 Million euro, in 1995.
That places Latvia 30th out of 35 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Government deficit/surplus, debt and associated data in Latvia, year by year
| Year | Million euro | Change |
|---|---|---|
| 1995 | 4,008 Million euro | — |
| 1996 | 4,565 Million euro | +13.9% |
| 1997 | 5,594 Million euro | +22.5% |
| 1998 | 6,231 Million euro | +11.4% |
| 1999 | 6,851 Million euro | +10.0% |
| 2000 | 8,418 Million euro | +22.9% |
| 2001 | 9,182 Million euro | +9.1% |
| 2002 | 9,841 Million euro | +7.2% |
| 2003 | 10,029 Million euro | +1.9% |
| 2004 | 11,230 Million euro | +12.0% |
| 2005 | 13,227 Million euro | +17.8% |
| 2006 | 16,449 Million euro | +24.4% |
| 2007 | 21,592 Million euro | +31.3% |
| 2008 | 23,355 Million euro | +8.2% |
| 2009 | 18,407 Million euro | -21.2% |
| 2010 | 17,572 Million euro | -4.5% |
| 2011 | 19,023 Million euro | +8.3% |
| 2012 | 21,271 Million euro | +11.8% |
| 2013 | 21,997 Million euro | +3.4% |
| 2014 | 22,790 Million euro | +3.6% |
| 2015 | 23,744 Million euro | +4.2% |
| 2016 | 24,498 Million euro | +3.2% |
| 2017 | 26,017 Million euro | +6.2% |
| 2018 | 28,153 Million euro | +8.2% |
| 2019 | 29,567 Million euro | +5.0% |
| 2020 | 29,224 Million euro | -1.2% |
| 2021 | 32,284 Million euro | +10.5% |
| 2022 | 36,089 Million euro | +11.8% |
| 2023 | 39,564 Million euro | +9.6% |
| 2024 | 40,652 Million euro | +2.8% |
| 2025 | 43,026 Million euro | +5.8% |
Latvia compared with similar countries
- Latvia's 43,026 Million euro is below the median for Europe & Central Asia, which is 326,674 Million euro, 13% of the median. (26 countries reporting)
- Latvia's 43,026 Million euro is below the median for high income countries, which is 306,766 Million euro, 14% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,450 Million euro | 4,008 Million euro | 6,851 Million euro | 5 |
| 2000s | 14,173 Million euro | 8,418 Million euro | 23,355 Million euro | 10 |
| 2010s | 23,463 Million euro | 17,572 Million euro | 29,567 Million euro | 10 |
| 2020s | 36,807 Million euro | 29,224 Million euro | 43,026 Million euro | 6 |
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 government deficit/surplus, debt and associated data in Latvia?
- Government deficit/surplus, debt and associated data in Latvia was 43,026 Million euro in 2025, according to Eurostat.
- What is the highest government deficit/surplus, debt and associated data recorded in Latvia?
- The highest recorded value was 43,026 Million euro in 2025.
- What is the lowest government deficit/surplus, debt and associated data recorded in Latvia?
- The lowest recorded value was 4,008 Million euro in 1995.
- How does Latvia rank for government deficit/surplus, debt and associated data?
- Latvia ranks 30th out of 35 countries with data for 2025.
- Is government deficit/surplus, debt and associated data rising or falling in Latvia?
- Over the last ten years it is up 81.2%. 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 Government deficit/surplus, debt and associated data. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Eurostat).