Other expense in Latvia

Latvia: Other expense was 11.6% in 2023. ▬ Flat

Latest (2023)
11.6%
Change on year
up 6.1%
World rank
37th
of 147 countries
All-time high
19.2%
in 2006
All-time low
0.5%
in 1994
Years of data
30
1994–2023

Other expense in Latvia, 1994–2023

051015201994200820231994: 0.526 % of expense1995: 13.6 % of expense1996: 10.7 % of expense1997: 14.4 % of expense1998: 18.1 % of expense1999: 16.1 % of expense2000: 16.6 % of expense2001: 11.7 % of expense2002: 12.3 % of expense2003: 8.1 % of expense2004: 9.6 % of expense2005: 15.2 % of expense2006: 19.2 % of expense2007: 15.7 % of expense2008: 16.9 % of expense2009: 14.5 % of expense2010: 17.7 % of expense2011: 15.9 % of expense2012: 14.3 % of expense2013: 12.5 % of expense2014: 13.6 % of expense2015: 12.7 % of expense2016: 12.6 % of expense2017: 12.3 % of expense2018: 13.1 % of expense2019: 10 % of expense2020: 11.7 % of expense2021: 11.6 % of expense2022: 10.9 % of expense2023: 11.6 % of expense

Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.

Analysis

The most recent figure for other expense in Latvia is 11.6%, measured in 2023.

Compared with earlier readings it is up 6.1% on the previous year and down 7.6% over ten years.

Over the whole period, other expense in Latvia peaked at 19.2% in 2006 and was at its lowest, 0.5%, in 1994.

Latvia ranks 37th of 147 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
1990s 12.2% 0.5% 18.1% 6
2000s 14.0% 8.1% 19.2% 10
2010s 13.5% 10.0% 17.7% 10
2020s 11.4% 10.9% 11.7% 4

Countries ranked near Latvia

  1. 34 Thailand 12.0% compare
  2. 35 Greece 11.7% compare
  3. 36 Georgia 11.6% compare
  4. 38 Bahamas 11.5% compare
  5. 39 Croatia 11.3% compare
  6. 40 Iceland 10.6% compare

See the full ranking of 188 places →

More public sector data for Latvia

All data for Latvia →

Frequently asked questions

What is other expense in Latvia?
Other expense in Latvia was 11.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
What is the highest other expense recorded in Latvia?
The highest recorded value was 19.2% in 2006.
What is the lowest other expense recorded in Latvia?
The lowest recorded value was 0.5% in 1994.
How does Latvia rank for other expense?
Latvia ranks 37th out of 147 countries with data for 2023.
Is other expense rising or falling in Latvia?
Over the last ten years it is down 7.6%. 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 Other expense (% of expense). Statizoid updates them automatically from the source API.

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About this data

Indicator
Other expense (% of expense)
Unit
% of expense
Source
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
188 places, 3,953 data points, 1990–2024
Last refreshed

Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.