Budget balance in Latvia in 2031 — -4%. Ranked 149 in the world out of 188. Since 1998, the indicator has fallen by 3.3 pp.
1998–2031 · % of GDP
How the value compares with the world and the groups this territory belongs to: Latvia
| Year | % | Change, pp |
|---|---|---|
| 2031 | -4 | −0.1 pp |
| 2030 | -3.9 | −0.2 pp |
| 2029 | -3.7 | +0 pp |
| 2028 | -3.7 | +0.2 pp |
| 2027 | -3.9 | −0.6 pp |
| 2026 | -3.3 | +0.7 pp |
| 2025 | -4 | −2.3 pp |
| 2024 | -1.7 | +1.7 pp |
| 2023 | -3.4 | +0.5 pp |
| 2022 | -3.9 | +1.8 pp |
| 2021 | -5.7 | −1.9 pp |
| 2020 | -3.8 | −3.4 pp |
| 2019 | -0.4 | +0.4 pp |
| 2018 | -0.8 | +0.1 pp |
| 2017 | -0.9 | −0.5 pp |
| 2016 | -0.4 | +1.2 pp |
| 2015 | -1.6 | +0.1 pp |
| 2014 | -1.7 | −1.1 pp |
| 2013 | -0.6 | −0.8 pp |
| 2012 | 0.2 | +3.6 pp |
| 2011 | -3.4 | +3.2 pp |
| 2010 | -6.6 | +0.5 pp |
| 2009 | -7.1 | −3.8 pp |
| 2008 | -3.3 | −3.9 pp |
| 2007 | 0.6 | +1.1 pp |
| 2006 | -0.5 | +0.6 pp |
| 2005 | -1.1 | −0.1 pp |
| 2004 | -1 | +0.7 pp |
| 2003 | -1.7 | +0.9 pp |
| 2002 | -2.6 | −0.6 pp |
| 2001 | -2 | +0.6 pp |
| 2000 | -2.6 | +0.9 pp |
| 1999 | -3.5 | −2.8 pp |
| 1998 | -0.7 | — |
The same indicator for neighboring countries — with links to their pages
Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.
Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.
Source: World Economic Outlook (IMF), license IMF open data.
Gross general government debt as a percent of GDP.
Public Finance Government revenueHow much the state collects in a year — all revenue except foreign grants.
Public Finance Government expenseHow much the state spends in a year — including wages, pensions, benefits and interest on debt.
Finance Current account balance in US dollarsHow much more a country receives from abroad than it pays out there. A minus means it pays more.
