Government guarantees in Latvia
Latvia: Government guarantees was 640.17 Million units of national currency in 2024. ▲ Rising
Government guarantees in Latvia, 2010–2024
Source: Eurostat. Measured in Million units of national currency.
Analysis
The most recent figure for government guarantees in Latvia is 640.17 Million units of national currency, measured in 2024. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 5.6% on the previous year and up 182.0% over ten years.
Over the whole period, government guarantees in Latvia peaked at 640.17 Million units of national currency in 2024 and was at its lowest, 227.02 Million units of national currency, in 2014.
That places Latvia 31st out of 35 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Government guarantees in Latvia, year by year
| Year | Million units of national currency | Change |
|---|---|---|
| 2010 | 498.25 Million units of national currency | — |
| 2011 | 581.4 Million units of national currency | +16.7% |
| 2012 | 605.1 Million units of national currency | +4.1% |
| 2013 | 497.6 Million units of national currency | -17.8% |
| 2014 | 227.02 Million units of national currency | -54.4% |
| 2015 | 319.84 Million units of national currency | +40.9% |
| 2016 | 313.32 Million units of national currency | -2.0% |
| 2017 | 324.3 Million units of national currency | +3.5% |
| 2018 | 358.88 Million units of national currency | +10.7% |
| 2019 | 395.67 Million units of national currency | +10.3% |
| 2020 | 503.56 Million units of national currency | +27.3% |
| 2021 | 547.38 Million units of national currency | +8.7% |
| 2022 | 610.11 Million units of national currency | +11.5% |
| 2023 | 606 Million units of national currency | -0.7% |
| 2024 | 640.17 Million units of national currency | +5.6% |
Biggest year-on-year movements
Years where Government guarantees in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | -54.4% | 497.6 Million units of national currency | 227.02 Million units of national currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 412.14 Million units of national currency | 227.02 Million units of national currency | 605.1 Million units of national currency | 10 |
| 2020s | 581.44 Million units of national currency | 503.56 Million units of national currency | 640.17 Million units of national currency | 5 |
Countries ranked near Latvia
- 29 Malta 985.45 Million units of national currency compare
- 30 Cyprus 817 Million units of national currency compare
- 31 Latvia 640.17 Million units of national currency compare
- 33 Bulgaria 545.83 Million units of national currency compare
- 34 Estonia 443.4 Million units of national currency compare
- 34 Estonia 443.4 Million units of national currency compare
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 government guarantees in Latvia?
- Government guarantees in Latvia was 640.17 Million units of national currency in 2024, according to Eurostat.
- What is the highest government guarantees recorded in Latvia?
- The highest recorded value was 640.17 Million units of national currency in 2024.
- What is the lowest government guarantees recorded in Latvia?
- The lowest recorded value was 227.02 Million units of national currency in 2014.
- How does Latvia rank for government guarantees?
- Latvia ranks 31st out of 35 countries with data for 2024.
- Is government guarantees rising or falling in Latvia?
- Over the last ten years it is up 182.0%. 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 Government guarantees. Statizoid updates them automatically from the source API.
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