Gross debt, Percent of own revenue in Latvia
Latvia: Gross debt, Percent of own revenue was 2.22 in 2020. ◆ Volatile
Gross debt, Percent of own revenue in Latvia, 1998–2020
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, percent of own revenue in Latvia is 2.22, measured in 2020.
That represents a change of up 9.1% on the previous year and down 5.2% over ten years.
Over the whole period, gross debt, percent of own revenue in Latvia peaked at 2.34 in 2010 and was at its lowest, 0.3625, in 2007.
That places Latvia 14th out of 23 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross debt, Percent of own revenue in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.4379 | — |
| 1999 | 0.613 | +40.0% |
| 2000 | 0.6755 | +10.2% |
| 2001 | 0.7958 | +17.8% |
| 2002 | 0.7459 | -6.3% |
| 2003 | 0.7271 | -2.5% |
| 2004 | 0.709 | -2.5% |
| 2005 | 0.5489 | -22.6% |
| 2006 | 0.424 | -22.7% |
| 2007 | 0.3625 | -14.5% |
| 2008 | 0.8849 | +144.1% |
| 2009 | 1.82 | +105.4% |
| 2010 | 2.34 | +28.5% |
| 2011 | 2.14 | -8.5% |
| 2012 | 2.08 | -2.7% |
| 2013 | 1.94 | -6.5% |
| 2014 | 2.1 | +8.0% |
| 2015 | 1.92 | -8.6% |
| 2016 | 1.98 | +2.9% |
| 2017 | 1.9 | -4.0% |
| 2018 | 1.79 | -5.4% |
| 2019 | 2.03 | +13.2% |
| 2020 | 2.22 | +9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5255 | 0.4379 | 0.613 | 2 |
| 2000s | 0.7691 | 0.3625 | 1.82 | 10 |
| 2010s | 2.02 | 1.79 | 2.34 | 10 |
| 2020s | 2.22 | 2.22 | 2.22 | 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, percent of own revenue in Latvia?
- Gross debt, percent of own revenue in Latvia was 2.22 in 2020, according to International Monetary Fund.
- What is the highest gross debt, percent of own revenue recorded in Latvia?
- The highest recorded value was 2.34 in 2010.
- What is the lowest gross debt, percent of own revenue recorded in Latvia?
- The lowest recorded value was 0.3625 in 2007.
- How does Latvia rank for gross debt, percent of own revenue?
- Latvia ranks 14th out of 23 countries with data for 2020.
- Is gross debt, percent of own revenue rising or falling in Latvia?
- Over the last ten years it is down 5.2%. 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, Percent of own revenue (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.