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
24th
of 27 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

010.0k20.0k30.0k40.0k1995201020251995: 4.0k Million euro1996: 4.6k Million euro1997: 5.6k Million euro1998: 6.2k Million euro1999: 6.9k Million euro2000: 8.4k Million euro2001: 9.2k Million euro2002: 9.8k Million euro2003: 10.0k Million euro2004: 11.2k Million euro2005: 13.2k Million euro2006: 16.4k Million euro2007: 21.6k Million euro2008: 23.4k Million euro2009: 18.4k Million euro2010: 17.6k Million euro2011: 19.0k Million euro2012: 21.3k Million euro2013: 22.0k Million euro2014: 22.8k Million euro2015: 23.7k Million euro2016: 24.5k Million euro2017: 26.0k Million euro2018: 28.2k Million euro2019: 29.6k Million euro2020: 29.2k Million euro2021: 32.3k Million euro2022: 36.1k Million euro2023: 39.6k Million euro2024: 40.7k Million euro2025: 43.0k Million euro

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 24th out of 27 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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 21 Luxembourg 89,522 Million euro compare
  2. 22 Lithuania 84,258 Million euro compare
  3. 23 Slovenia 70,486 Million euro compare
  4. 25 Estonia 41,621 Million euro compare
  5. 26 Cyprus 36,484 Million euro compare
  6. 27 Malta 24,577 Million euro compare

See the full ranking of 31 places →

More reference data data for Latvia

All data for Latvia →

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 24th out of 27 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).

About this data

Indicator
Government deficit/surplus, debt and associated data
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
31 places, 961 data points, 1995–2025
Last refreshed