Latvia Government Budget
-4.0%▼ −2.32 pt
Dec 2025 · Annual
Latvia's budget balance widened to -4.05% of GDP in 2025, from -1.72% in 2024. The deficit remains above the all-time low of -7.14% recorded in 2009, and far from the all-time high surplus of 0.63% in 2007. The series spans from 1998 to 2025.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| -4.0% | -1.7% | 0.6%Dec 2007 | -7.1%Dec 2009 | 1998 – 2025 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 46.9% | 46.2% | 48.2% | 9.0% | Dec 2025 | Annual |
| Tax Revenue to GDP | 17.6% | 16.6% | 17.6% | 10.1% | Dec 2024 | Annual |
About this series
Government Budget in Latvia averaged -2.3% from 1998 until 2025, reaching an all-time high of 0.6% in Dec 2007 and a record low of -7.1% in Dec 2009. The series is reported yearly with history from 1998.
The budget balance measures the difference between government revenue and expenditure, expressed as a percentage of GDP. It is reported annually, with data available from 1998 to 2025. A negative value indicates a deficit, while a positive value indicates a surplus.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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