Latvia: Government spending, in dollars

* indicates monthly or quarterly data series
 Latvia

Government spending, billion USD

 Latest value 8.60
 Year 2023
 Measure billion U.S. dollars
 Data availability 1995 - 2023
 Average 4.40
 Min - Max 1.31 - 8.60
 Source The World Bank
For that indicator, we provide data for Latvia from 1995 to 2023. The average value for Latvia during that period was 4.4 billion U.S. dollars with a minimum of 1.31 billion U.S. dollars in 1996 and a maximum of 8.6 billion U.S. dollars in 2023. The latest value from 2023 is 8.6 billion U.S. dollars. For comparison, the world average in 2023 based on 131 countries is 69.63 billion U.S. dollars. 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 - Government spending, in dollars - Recent values chart

Historical chart
Latvia - Government spending, in dollars - historical chart - 1995-2023




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. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 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
This site uses cookies.
Learn more here


OK