Gross debt, General government, Percent of GDP in Latvia
Latvia: Gross debt, General government, Percent of GDP was 53.52 in 2030. ▲ Rising
Gross debt, General government, Percent of GDP in Latvia, 1999–2030
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, general government, percent of gdp in Latvia is 53.52, measured in 2030. That is the highest value across all 32 years on record.
That represents a change of up 3.0% on the previous year and up 21.5% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Latvia peaked at 53.52 in 2030 and was at its lowest, 9, in 2007.
That places Latvia 91st out of 193 countries with data for 2030, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Gross debt, General government, Percent of GDP in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 14.83 | — |
| 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 | 44.43 | -3.1% |
| 2023 | 44.65 | +0.5% |
| 2024 | 46.76 | +4.7% |
| 2025 | 47.13 | +0.8% |
| 2026 | 47.44 | +0.7% |
| 2027 | 48.96 | +3.2% |
| 2028 | 50.39 | +2.9% |
| 2029 | 51.94 | +3.1% |
| 2030 | 53.52 | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.83 | 14.83 | 14.83 | 1 |
| 2000s | 16.82 | 9 | 37.64 | 10 |
| 2010s | 42.08 | 37.91 | 48.18 | 10 |
| 2020s | 47.16 | 44.04 | 51.94 | 10 |
| 2030s | 53.52 | 53.52 | 53.52 | 1 |
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, percent of gdp in Latvia?
- Gross debt, general government, percent of gdp in Latvia was 53.52 in 2030, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Latvia?
- The highest recorded value was 53.52 in 2030.
- 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 91st out of 193 countries with data for 2030.
- Is gross debt, general government, percent of gdp rising or falling in Latvia?
- Over the last ten years it is up 21.5%. 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. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October