Latvia recorded a Government Debt to GDP of 43.50 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Government Debt to GDP in Latvia averaged 25.46 percent from 1995 until 2020, reaching an all time high of 47.90 percent in 2010 and a record low of 8.50 percent in 2007. This page provides - Latvia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Government Debt to GDP - values, historical data and charts - was last updated on July of 2021.

Government Debt to GDP in Latvia is expected to reach 45.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Debt to GDP is projected to trend around 47.00 percent in 2022, according to our econometric models.

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Latvia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
43.50 37.00 47.90 8.50 1995 - 2020 percent of GDP Yearly

Latvia Government Last Previous Highest Lowest Unit
Government Debt to GDP 43.50 37.00 47.90 8.50 percent of GDP [+]
Government Budget -4.50 -0.60 1.40 -9.60 percent of GDP [+]
Government Budget Value -252544202.00 33166776.00 265296344.00 -664503770.00 EUR Million [+]
Government Spending 1136585.00 1478948.00 1478948.00 744659.00 EUR Thousand [+]
Government Spending to GDP 43.60 38.40 46.00 24.70 percent of GDP [+]
Government Revenues 1128291.00 1182648.00 1230009.00 228388.00 EUR Thousand [+]
Government Debt 13430.20 12749.90 13430.20 811.71 EUR Million [+]
Fiscal Expenditure 1451597.00 1138891.00 1796045.00 226009.00 EUR Thousand [+]
Credit Rating 73.00 [+]
Military Expenditure 739.00 692.00 739.00 76.30 USD Million [+]
Asylum Applications 5.00 5.00 70.00 0.00 persons [+]

Latvia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.