Net lending (+) / net borrowing (-) in Latvia
Latvia: Net lending (+) / net borrowing (-) was -798.05 million current LCU in 2024. ◆ Volatile
Net lending (+) / net borrowing (-) in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Latvia recorded -798.05 million current LCU for net lending (+) / net borrowing (-) in 2024.
Compared with earlier readings it is down 0.6% on the previous year and down 158.0% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Latvia peaked at 40.61 million current LCU in 1997 and was at its lowest, -2.24 billion current LCU, in 2021.
Latvia ranks 56th of 156 countries on this measure, in the middle of the range.
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 | -64.19 million current LCU | -197.59 million current LCU | 40.61 million current LCU | 6 |
| 2000s | -283.14 million current LCU | -1.47 billion current LCU | 28.96 million current LCU | 10 |
| 2010s | -375.18 million current LCU | -1.48 billion current LCU | 8.17 million current LCU | 10 |
| 2020s | -1.35 billion current LCU | -2.24 billion current LCU | -793.11 million current LCU | 5 |
Countries ranked near Latvia
- 53 Barbados -471.26 million current LCU compare
- 54 Estonia -527.80 million current LCU compare
- 55 El Salvador -718.10 million current LCU compare
- 57 Bosnia and Herzegovina -804.04 million current LCU compare
- 58 Malta -808.40 million current LCU compare
- 59 Lithuania -995.90 million current LCU compare
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 net lending (+) / net borrowing (-) in Latvia?
- Net lending (+) / net borrowing (-) in Latvia was -798.05 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Latvia?
- The highest recorded value was 40.61 million current LCU in 1997.
- What is the lowest net lending (+) / net borrowing (-) recorded in Latvia?
- The lowest recorded value was -2.24 billion current LCU in 2021.
- How does Latvia rank for net lending (+) / net borrowing (-)?
- Latvia ranks 56th out of 156 countries with data for 2024.
- Is net lending (+) / net borrowing (-) rising or falling in Latvia?
- Over the last ten years it is down 158.0%. 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 Net lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.