Goods and services expense in Latvia
Latvia: Goods and services expense was 1.47 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Latvia stood at 1.47 billion current LCU.
The figure is down 1.9% on the previous year and up 72.9% over ten years.
Over the whole period, goods and services expense in Latvia peaked at 1.49 billion current LCU in 2023 and was at its lowest, 97.47 million current LCU, in 1994.
Latvia ranks 129th of 155 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 212.98 million current LCU | 97.47 million current LCU | 266.31 million current LCU | 6 |
| 2000s | 567.39 million current LCU | 275.63 million current LCU | 862.54 million current LCU | 10 |
| 2010s | 850.77 million current LCU | 765.01 million current LCU | 1.10 billion current LCU | 10 |
| 2020s | 1.37 billion current LCU | 1.21 billion current LCU | 1.49 billion current LCU | 5 |
Countries ranked near Latvia
More public sector data for Latvia
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Tax revenue 17.6% (2024)
- Taxes on income, profits and capital gains 10.3% (2024)
- Taxes on goods and services 38.9% (2024)
- Net investment in nonfinancial assets 5.1% (2024)
- Net lending (+) / net borrowing (-) -2.0% (2024)
- Interest payments 2.7% (2024)
- Grants and other revenue 19.0% (2024)
- Interest payments 1.9% (2023)
- Other taxes 0.1% (2024)
Frequently asked questions
- What is goods and services expense in Latvia?
- Goods and services expense in Latvia was 1.47 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Latvia?
- The highest recorded value was 1.49 billion current LCU in 2023.
- What is the lowest goods and services expense recorded in Latvia?
- The lowest recorded value was 97.47 million current LCU in 1994.
- How does Latvia rank for goods and services expense?
- Latvia ranks 129th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Latvia?
- Over the last ten years it is up 72.9%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.