Estonia vs Latvia: Net incurrence of liabilities, Transactions

Estonia
1.04 billion
in 2025
Latvia
1.64 billion
in 2024
Estonia rank
27th
Latvia rank
24th

Net incurrence of liabilities, Transactions over time

  • Estonia
  • Latvia
-1.0B01.0B2.0B3.0B199920122025

How they compare

Latvia currently reports 1.64 billion against 1.04 billion in Estonia, a difference of 596.97 million.

That makes Latvia's figure about 1.6 times Estonia's.

The two have swapped places 11 times across 26 shared years of data; in 1999 it was Latvia ahead.

Estonia ranks 27th and Latvia ranks 24th of 33 countries.

Latvia has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Estonia Latvia Difference Ahead
1990s 56.70 million 261.79 million 205.09 million Latvia
2000s 152.07 million 729.12 million 577.05 million Latvia
2010s 185.75 million 435.26 million 249.51 million Latvia
2020s 1.85 billion 1.90 billion 46.93 million Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher net incurrence of liabilities, transactions, Estonia or Latvia?
Latvia, at 1.64 billion against 1.04 billion in Estonia as of 2024.
What is the difference in net incurrence of liabilities, transactions between Estonia and Latvia?
596.97 million, with Latvia ahead.
How many years of comparable data are there for Estonia and Latvia?
26 years are reported by both, from 1999 to 2024.
How do Estonia and Latvia rank globally for net incurrence of liabilities, transactions?
Estonia ranks 27th and Latvia ranks 24th of 33 countries.
Where does this data come from?
International Monetary Fund, published as Net incurrence of liabilities, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Estonia vs Latvia: Net incurrence of liabilities, Transactions. Statizoid, drawing on International Monetary Fund. Retrieved 04 September 2026, from https://debt.statizoid.com/compare/net-incurrence-of-liabilities-transactions-statement-of-operations-general-government/estonia/latvia/

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About this data

Indicator
Net incurrence of liabilities, Transactions (Statement of operations, General government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
33 places, 847 data points, 1990–2025
Last refreshed

The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.