Gross debt, General government, Percent of GDP in Latvia
Latvia: Gross debt, General government, Percent of GDP was 53.49 in 2031. ▲ Rising
Gross debt, General government, Percent of GDP in Latvia, 1998–2031
Source: International Monetary Fund.
Analysis
In 2031, gross debt, general government, percent of gdp in Latvia stood at 53.49. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 2.5% on the previous year and up 16.6% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Latvia peaked at 53.49 in 2031 and was at its lowest, 9, in 2007.
That places Latvia 13th out of 26 countries with data for 2031, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross debt, General government, Percent of GDP in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 9.81 | — |
| 1999 | 14.83 | +51.1% |
| 2000 | 15.09 | +1.8% |
| 2001 | 17.83 | +18.1% |
| 2002 | 15.38 | -13.7% |
| 2003 | 15.42 | +0.3% |
| 2004 | 15.32 | -0.7% |
| 2005 | 12.51 | -18.4% |
| 2006 | 10.66 | -14.8% |
| 2007 | 9 | -15.6% |
| 2008 | 19.32 | +114.7% |
| 2009 | 37.64 | +94.8% |
| 2010 | 48.18 | +28.0% |
| 2011 | 46.81 | -2.9% |
| 2012 | 44.37 | -5.2% |
| 2013 | 41.77 | -5.9% |
| 2014 | 43.08 | +3.1% |
| 2015 | 38.28 | -11.1% |
| 2016 | 41.73 | +9.0% |
| 2017 | 40.33 | -3.4% |
| 2018 | 38.3 | -5.0% |
| 2019 | 37.91 | -1.0% |
| 2020 | 44.04 | +16.2% |
| 2021 | 45.87 | +4.2% |
| 2022 | 44.44 | -3.1% |
| 2023 | 44.43 | -0.0% |
| 2024 | 46.25 | +4.1% |
| 2025 | 46.95 | +1.5% |
| 2026 | 47.44 | +1.1% |
| 2027 | 48.54 | +2.3% |
| 2028 | 49.64 | +2.3% |
| 2029 | 50.83 | +2.4% |
| 2030 | 52.2 | +2.7% |
| 2031 | 53.49 | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.32 | 9.81 | 14.83 | 2 |
| 2000s | 16.82 | 9 | 37.64 | 10 |
| 2010s | 42.08 | 37.91 | 48.18 | 10 |
| 2020s | 46.84 | 44.04 | 50.83 | 10 |
| 2030s | 52.85 | 52.2 | 53.49 | 2 |
Countries ranked near Latvia
- 10 Republic of Korea 63.15 compare
- 11 Lithuania 56.25 compare
- 12 Ecuador 54.42 compare
- 14 Dominican Republic 50.02 compare
- 15 Australia 49.12 compare
- 16 Iran, Islamic Republic of 44.15 compare
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, percent of gdp in Latvia?
- Gross debt, general government, percent of gdp in Latvia was 53.49 in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Latvia?
- The highest recorded value was 53.49 in 2031.
- What is the lowest gross debt, general government, percent of gdp recorded in Latvia?
- The lowest recorded value was 9 in 2007.
- How does Latvia rank for gross debt, general government, percent of gdp?
- Latvia ranks 13th out of 26 countries with data for 2031.
- Is gross debt, general government, percent of gdp rising or falling in Latvia?
- Over the last ten years it is up 16.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP (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.