Name: Latvia Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Latvia,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

Government Spending in Latvia decreased to 1793842 EUR Thousand in the third quarter of 2024 from 1971307 EUR Thousand in the second quarter of 2024. Government Spending in Latvia averaged 1284183.18 EUR Thousand from 1995 until 2024, reaching an all time high of 2036063.00 EUR Thousand in the fourth quarter of 2023 and a record low of 864111.00 EUR Thousand in the second quarter of 1997. source: Central Statistical Bureau of Latvia

Government Spending in Latvia is expected to be 1586843.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Government Spending is projected to trend around 1893859.00 EUR Thousand in 2026 and 1946888.00 EUR Thousand in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Asylum Applications	55.00	75.00	persons	Oct 2024
Credit Rating	72.00			Jan 2025
Fiscal Expenditure	1591920.00	1710671.00	EUR Thousand	Nov 2024
Government Budget	-2.40	-4.90	percent of GDP	Dec 2023
Government Budget Value	-242155.00	-295435.00	EUR Thousand	Nov 2024
Government Debt	18852.30	18192.50	EUR Million	Sep 2024
Government Debt to GDP	45.00	44.40	percent of GDP	Dec 2023
Government Revenues	1349764.00	1415236.00	EUR Thousand	Nov 2024
Government Spending	1793842.00	1971307.00	EUR Thousand	Sep 2024
Government Spending to GDP	44.00	44.20	percent of GDP	Dec 2023
Holidays
Military Expenditure	1045.30	856.10	USD Million	Dec 2023

Latvia Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.