Latvia: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Latvia

Government spending as percent of GDP

 Latest value 19.03
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 19.55
 Min - Max 17.22 - 23.55
 Source The World Bank
For that indicator, we provide data for Latvia from 1995 to 2022. The average value for Latvia during that period was 19.55 percent with a minimum of 17.22 percent in 2006 and a maximum of 23.55 percent in 1995. The latest value from 2022 is 19.03 percent. For comparison, the world average in 2022 based on 143 countries is 16.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Government spending, percent of GDP - Recent values chart

Historical chart
Latvia - Government spending, percent of GDP - historical chart - 1995-2022




The government size of Latvia and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 19.03 2022 percent
 Government spending, in dollars 8.60 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -4.40 2022 percent
 Government debt 43.60 2023 percent
 Government expenditure 1.93 Q3/2023 billion
 Long-term government bond yield 3.88 9/2023 percent
 Tax revenue 21.92 2021 percent
 Commercial tax rate 38.10 2019 percent
 Tax preparation time 169 2019 hours
 Number of taxes 7 2019 taxes
 Taxes on goods and services 42.40 2021 percent
 Taxes on international trade 0.04 2021 percent
 Income and profits taxes 7.45 2021 percent
 Foreign aid 161.81 2004 million U.S. dollars
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