Latvia: Budget balance forecast

* indicates monthly or quarterly data series
 Latvia

Budget balance forecast, percent of GDP

 Latest value -1.20
 Year 2028
 Measure percent
 Data availability 2002 - 2028
 Average -2.36
 Min - Max -7.47 - -0.40
 Source International Monetary Fund
For that indicator, we provide data for Latvia from 2002 to 2028. The average value for Latvia during that period was -2.36 percent with a minimum of -7.47 percent in 2021 and a maximum of -0.4 percent in 2012. The latest value from 2028 is -1.2 percent. For comparison, the world average in 2028 based on 80 countries is -2.11 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Latvia - Budget balance forecast - Recent values chart

Historical chart
Latvia - Budget balance forecast - historical chart - 2002-2028




Definition: The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle. The series includes actual historical values for past years and forecast values for the current and the next few years.


 Related indicators Latest value Reference Measure
 Economic growth forecast 2.49 2028 percent
 Investment forecast 21.60 2028 percent
 Inflation forecast 2.34 2028 percent
 Unemployment rate forecast 6.32 2028 percent
 Budget balance forecast -1.20 2028 percent
 Current account forecast -3.14 2028 percent
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