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Government debt — all countries

Government debt — Latvia

Government debt in Latvia in 2031 — 53.5%. Ranked 103 in the world out of 184. Since 1998, the indicator has risen by 43.7 pp.

2031 53.5% +1.3 pp vs 2030
World rank 103of 184
Period maximum 53.5%2031
Period minimum 9%2007

Trend over time

1998–2031 · % of GDP

Government debt — Latvia, 1998–203102040601998200220062010201420182022202620301998: 9.8%1999: 14.8%2000: 15.1%2001: 17.8%2002: 15.4%2003: 15.4%2004: 15.3%2005: 12.5%2006: 10.7%2007: 9%2008: 19.3%2009: 37.6%2010: 48.2%2011: 46.8%2012: 44.4%2013: 41.8%2014: 43.1%2015: 38.3%2016: 41.7%2017: 40.3%2018: 38.3%2019: 37.9%2020: 44%2021: 45.9%2022: 44.4%2023: 44.4%2024: 46.2%2025: 46.9%2026: 47.4%2027: 48.5%2028: 49.6%2029: 50.8%2030: 52.2%2031: 53.5%
Change over the period: +43.7 pp Annual average: 1.32 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Latvia

Latvia 53.5%
World computed 102.5%
Europe & Central Asia computed 76.9%
Northern Europe computed 76.5%
High-income countries computed 108.6%
Government debt — Latvia, by year Latvia All countries CSV XLSX
Year % Change, pp
2031 53.5 +1.3 pp
2030 52.2 +1.4 pp
2029 50.8 +1.2 pp
2028 49.6 +1.1 pp
2027 48.5 +1.1 pp
2026 47.4 +0.5 pp
2025 46.9 +0.7 pp
2024 46.2 +1.8 pp
2023 44.4 +0 pp
2022 44.4 −1.5 pp
2021 45.9 +1.9 pp
2020 44 +6.1 pp
2019 37.9 −0.4 pp
2018 38.3 −2 pp
2017 40.3 −1.4 pp
2016 41.7 +3.4 pp
2015 38.3 −4.8 pp
2014 43.1 +1.3 pp
2013 41.8 −2.6 pp
2012 44.4 −2.4 pp
2011 46.8 −1.4 pp
2010 48.2 +10.6 pp
2009 37.6 +18.3 pp
2008 19.3 +10.3 pp
2007 9 −1.7 pp
2006 10.7 −1.8 pp
2005 12.5 −2.8 pp
2004 15.3 −0.1 pp
2003 15.4 +0 pp
2002 15.4 −2.4 pp
2001 17.8 +2.7 pp
2000 15.1 +0.3 pp
1999 14.8 +5 pp
1998 9.8 —

Northern Europe, 2031

The same indicator for neighboring countries — with links to their pages

NO Norway 25.5 IE Ireland 28 DK Denmark 29.8 SE Sweden 36.6 EE Estonia 41.2 IS Iceland 43 LV Latvia 53.5 LT Lithuania 56.3 FI Finland 100.8 GB United Kingdom 102.6
Full table for all countries

About the indicator

Gross general government debt as a percent of GDP from the IMF World Economic Outlook database: all liabilities that require future payments of interest and/or principal. It covers the central government, regional and local budgets and extrabudgetary funds where the data allow. The threshold of 60% of GDP is used in the EU Maastricht criteria as a benchmark of sustainability.

Important: The coverage of the government sector differs between countries; when levels are compared, it matters whether regional budgets are included.

Source: World Economic Outlook (IMF), license IMF open data.

Other indicators for Latvia

Public Finance Budget balance

The budget deficit or surplus as a percent of GDP. A negative value means spending exceeds revenue.

Latvia by year Public Finance Government revenue

How much the state collects in a year — all revenue except foreign grants.

Latvia by year Public Finance Tax revenue (% of GDP)

Taxes collected as a percent of GDP — the fiscal capacity of the state.

Latvia by year
All indicators for Latvia