Gross debt, General government, Domestic currency in Latvia
Latvia: Gross debt, General government, Domestic currency was 31.54 billion in 2031. ◆ Volatile
Gross debt, General government, Domestic currency in Latvia, 1998–2031
Source: International Monetary Fund.
Analysis
Latvia recorded 31.54 billion for gross debt, general government, domestic currency in 2031. That is the highest value across all 34 years on record.
The figure is up 7.6% on the previous year and up 113.0% over ten years.
Over the whole period, gross debt, general government, domestic currency in Latvia peaked at 31.54 billion in 2031 and was at its lowest, 574.50 million, in 1998.
Latvia ranks 23rd of 26 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross debt, General government, Domestic currency in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 574.50 million | — |
| 1999 | 904.60 million | +57.5% |
| 2000 | 1.01 billion | +11.8% |
| 2001 | 1.30 billion | +29.0% |
| 2002 | 1.25 billion | -4.1% |
| 2003 | 1.41 billion | +12.7% |
| 2004 | 1.63 billion | +15.5% |
| 2005 | 1.64 billion | +0.6% |
| 2006 | 1.74 billion | +6.0% |
| 2007 | 1.94 billion | +11.4% |
| 2008 | 4.51 billion | +133.1% |
| 2009 | 6.96 billion | +54.2% |
| 2010 | 8.54 billion | +22.7% |
| 2011 | 8.95 billion | +4.8% |
| 2012 | 9.36 billion | +4.6% |
| 2013 | 9.17 billion | -2.1% |
| 2014 | 9.82 billion | +7.0% |
| 2015 | 9.09 billion | -7.4% |
| 2016 | 10.22 billion | +12.5% |
| 2017 | 10.49 billion | +2.6% |
| 2018 | 10.78 billion | +2.8% |
| 2019 | 11.21 billion | +3.9% |
| 2020 | 12.87 billion | +14.8% |
| 2021 | 14.81 billion | +15.1% |
| 2022 | 16.04 billion | +8.3% |
| 2023 | 17.58 billion | +9.6% |
| 2024 | 18.80 billion | +7.0% |
| 2025 | 20.20 billion | +7.4% |
| 2026 | 21.60 billion | +6.9% |
| 2027 | 23.41 billion | +8.4% |
| 2028 | 25.30 billion | +8.1% |
| 2029 | 27.21 billion | +7.6% |
| 2030 | 29.33 billion | +7.8% |
| 2031 | 31.54 billion | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 739.55 million | 574.50 million | 904.60 million | 2 |
| 2000s | 2.34 billion | 1.01 billion | 6.96 billion | 10 |
| 2010s | 9.76 billion | 8.54 billion | 11.21 billion | 10 |
| 2020s | 19.78 billion | 12.87 billion | 27.21 billion | 10 |
| 2030s | 30.43 billion | 29.33 billion | 31.54 billion | 2 |
Countries ranked near Latvia
More external debt data for Latvia
- Net financial flows, IBRD -88.67 million NFL, current US$ (2016)
- Net financial flows, IBRD (NFL, current US$), annual growth rate -30.82 % change on previous year (2016)
- Other investment, Debt instruments 23.03 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 19.82 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 5.35 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 12,462 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.4736 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 2.35 billion (2024)
- Net lending (+) / net borrowing (-), General government, Percent of -4.32 (2030)
- Other investment, Debt instruments, Deposit taking corporations 32.86 % change on previous year (2025)
Frequently asked questions
- What is gross debt, general government, domestic currency in Latvia?
- Gross debt, general government, domestic currency in Latvia was 31.54 billion in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, domestic currency recorded in Latvia?
- The highest recorded value was 31.54 billion in 2031.
- What is the lowest gross debt, general government, domestic currency recorded in Latvia?
- The lowest recorded value was 574.50 million in 1998.
- How does Latvia rank for gross debt, general government, domestic currency?
- Latvia ranks 23rd out of 26 countries with data for 2031.
- Is gross debt, general government, domestic currency rising or falling in Latvia?
- Over the last ten years it is up 113.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.