Transition from the deficit/surplus to the change in debt in Latvia

Latvia: Transition from the deficit/surplus to the change in debt was 1,093 Million euro in 2025. ◆ Volatile

Latest (2025)
1,093 Million euro
Change on year
up 50.5%
World rank
18th
of 23 countries
All-time high
2,331 Million euro
in 2021
All-time low
-81.3 Million euro
in 1997
Years of data
31
1995–2025

Transition from the deficit/surplus to the change in debt in Latvia, 1995–2025

05001.0k1.5k2.0k2.5k1995201020251995: 59.1 Million euro1996: 19.8 Million euro1997: -81.3 Million euro1998: -1.8 Million euro1999: 263 Million euro2000: 235.1 Million euro2001: 182.4 Million euro2002: 235.9 Million euro2003: 164.3 Million euro2004: 139 Million euro2005: 66.2 Million euro2006: 92 Million euro2007: 128.4 Million euro2008: 1.0k Million euro2009: 1.8k Million euro2010: 1.5k Million euro2011: 850.2 Million euro2012: 310.6 Million euro2013: 276.8 Million euro2014: 387.7 Million euro2015: 361.3 Million euro2016: 3.4 Million euro2017: 77.6 Million euro2018: 381.8 Million euro2019: 45.9 Million euro2020: 1.2k Million euro2021: 2.3k Million euro2022: 1.8k Million euro2023: 926.7 Million euro2024: 726.5 Million euro2025: 1.1k Million euro

Source: Eurostat. Measured in Million euro.

Analysis

In 2025, transition from the deficit/surplus to the change in debt in Latvia stood at 1,093 Million euro.

That represents a change of up 50.5% on the previous year and up 202.6% over ten years.

Over the whole period, transition from the deficit/surplus to the change in debt in Latvia peaked at 2,331 Million euro in 2021 and was at its lowest, -81.3 Million euro, in 1997.

Latvia ranks 18th of 23 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Transition from the deficit/surplus to the change in debt in Latvia, year by year

Annual values for Transition from the deficit/surplus to the change in debt in Latvia, 1995 to 2025.
Year Million euro Change
1995 59.1 Million euro —
1996 19.8 Million euro -66.5%
1997 -81.3 Million euro -510.6%
1998 -1.8 Million euro -97.8%
1999 263 Million euro -14711.1%
2000 235.1 Million euro -10.6%
2001 182.4 Million euro -22.4%
2002 235.9 Million euro +29.3%
2003 164.3 Million euro -30.4%
2004 139 Million euro -15.4%
2005 66.2 Million euro -52.4%
2006 92 Million euro +39.0%
2007 128.4 Million euro +39.6%
2008 1,044 Million euro +713.3%
2009 1,806 Million euro +73.0%
2010 1,545 Million euro -14.5%
2011 850.2 Million euro -45.0%
2012 310.6 Million euro -63.5%
2013 276.8 Million euro -10.9%
2014 387.7 Million euro +40.1%
2015 361.3 Million euro -6.8%
2016 3.4 Million euro -99.1%
2017 77.6 Million euro +2182.4%
2018 381.8 Million euro +392.0%
2019 45.9 Million euro -88.0%
2020 1,194 Million euro +2502.4%
2021 2,331 Million euro +95.1%
2022 1,754 Million euro -24.8%
2023 926.7 Million euro -47.2%
2024 726.5 Million euro -21.6%
2025 1,093 Million euro +50.5%

Latvia compared with similar countries

  • Latvia's 1,093 Million euro is below the median for Europe & Central Asia, which is 5,119 Million euro, 21% of the median. (16 countries reporting)
  • Latvia's 1,093 Million euro is below the median for high income countries, which is 2,796 Million euro, 39% of the median. (17 countries reporting)

Biggest year-on-year movements

Years where Transition from the deficit/surplus to the change in debt 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.

YearChange FromTo
1999 +14711.1% -1.8 Million euro 263 Million euro
2020 +2502.4% 45.9 Million euro 1,194 Million euro
2017 +2182.4% 3.4 Million euro 77.6 Million euro
2008 +713.3% 128.4 Million euro 1,044 Million euro
1997 -510.6% 19.8 Million euro -81.3 Million euro

Averages by decade

DecadeAverage LowestHighest Years
1990s 51.76 Million euro -81.3 Million euro 263 Million euro 5
2000s 409.41 Million euro 66.2 Million euro 1,806 Million euro 10
2010s 424.07 Million euro 3.4 Million euro 1,545 Million euro 10
2020s 1,338 Million euro 726.5 Million euro 2,331 Million euro 6

Countries ranked near Latvia

  1. 15 Luxembourg 1,756 Million euro compare
  2. 16 Lithuania 1,536 Million euro compare
  3. 16 Lithuania 1,536 Million euro compare
  4. 18 Latvia 1,093 Million euro compare
  5. 20 Malta 545.3 Million euro compare
  6. 21 Portugal -2,059 Million euro compare

See the full ranking of 23 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is transition from the deficit/surplus to the change in debt in Latvia?
Transition from the deficit/surplus to the change in debt in Latvia was 1,093 Million euro in 2025, according to Eurostat.
What is the highest transition from the deficit/surplus to the change in debt recorded in Latvia?
The highest recorded value was 2,331 Million euro in 2021.
What is the lowest transition from the deficit/surplus to the change in debt recorded in Latvia?
The lowest recorded value was -81.3 Million euro in 1997.
How does Latvia rank for transition from the deficit/surplus to the change in debt?
Latvia ranks 18th out of 23 countries with data for 2025.
Is transition from the deficit/surplus to the change in debt rising or falling in Latvia?
Over the last ten years it is up 202.6%. 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 Transition from the deficit/surplus to the change in debt. Statizoid updates them automatically from the source API.

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Transition from the deficit/surplus to the change in debt in Latvia. Statizoid, drawing on Eurostat. Retrieved 25 September 2026, from https://reference.statizoid.com/stat/transition-from-the-deficit-surplus-to-the-change-in-debt/latvia/

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About this data

Indicator
Transition from the deficit/surplus to the change in debt
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
23 places, 659 data points, 1995–2025
Last refreshed