Government expenditure as a share of GDP forecast for Latvia 2020-2029

The ratio of government expenditure to GDP in Latvia was forecast to decrease between 2024 and 2029 by in total 0.3 percentage points. This overall decrease does not happen continuously, notably not in 2027, 2028 and 2029. While the ratio was increasing earlier, it deteriorated and the ratio was forecast to reach 41.81 percent in 2029.
This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Find more statistics on other topics about Latvia with key insights such as the number of employed people, the gross domestic product per capita, and the ratio of government revenue to the gross domestic product.