Interest payments in Latvia
Latvia: Interest payments was 1.9% in 2023. ▬ Flat
Interest payments in Latvia, 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Latvia stood at 1.9%.
Compared with earlier readings it is up 43.3% on the previous year and down 61.1% over ten years.
Over the whole period, interest payments in Latvia peaked at 5.2% in 2012 and was at its lowest, 1.3%, in 2022.
That places Latvia 128th out of 152 countries with data for 2023, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.6% | 1.6% | 4.2% | 6 |
| 2000s | 2.3% | 1.5% | 3.5% | 10 |
| 2010s | 3.9% | 2.2% | 5.2% | 10 |
| 2020s | 1.6% | 1.3% | 1.9% | 4 |
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)
- Other taxes 0.1% (2024)
- Compensation of employees 19.2% (2023)
Frequently asked questions
- What is interest payments in Latvia?
- Interest payments in Latvia was 1.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Latvia?
- The highest recorded value was 5.2% in 2012.
- What is the lowest interest payments recorded in Latvia?
- The lowest recorded value was 1.3% in 2022.
- How does Latvia rank for interest payments?
- Latvia ranks 128th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Latvia?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is flat.
- 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.