Latvia recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2022. source: EUROSTAT

Government Budget in Latvia averaged -2.35 percent of GDP from 1995 until 2022, reaching an all time high of 1.40 percent of GDP in 1997 and a record low of -9.50 percent of GDP in 2009. This page provides - Latvia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Budget - values, historical data and charts - was last updated on June of 2023.

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Latvia Government Budget



Related Last Previous Unit Reference
Government Debt to GDP 40.80 43.70 percent of GDP Dec 2022
Government Budget -4.40 -7.10 percent of GDP Dec 2022
Government Spending to GDP 40.20 44.20 percent of GDP Dec 2022
Asylum Applications 45.00 65.00 persons Feb 2023

Latvia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -7.10 1.40 -9.50 1995 - 2022 percent of GDP Yearly