Latvia - Expense
Expense (current LCU)
The value for Expense (current LCU) in Latvia was 13,352,240,000 as of 2019. As the graph below shows, over the past 25 years this indicator reached a maximum value of 13,352,240,000 in 2019 and a minimum value of 773,273,900 in 1994.
Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1994 | 773,273,900 |
| 1995 | 1,867,637,000 |
| 1996 | 2,075,139,000 |
| 1997 | 2,476,810,000 |
| 1998 | 2,879,642,000 |
| 1999 | 3,162,101,000 |
| 2000 | 3,155,708,000 |
| 2001 | 3,139,336,000 |
| 2002 | 3,488,445,000 |
| 2003 | 3,798,894,000 |
| 2004 | 4,383,206,000 |
| 2005 | 5,396,904,000 |
| 2006 | 6,634,622,000 |
| 2007 | 8,179,754,000 |
| 2008 | 10,333,140,000 |
| 2009 | 9,959,793,000 |
| 2010 | 9,999,477,000 |
| 2011 | 9,653,323,000 |
| 2012 | 9,730,570,000 |
| 2013 | 9,986,838,000 |
| 2014 | 10,553,800,000 |
| 2015 | 10,718,940,000 |
| 2016 | 10,773,100,000 |
| 2017 | 11,567,400,000 |
| 2018 | 12,412,330,000 |
| 2019 | 13,352,240,000 |
Expense (% of GDP)
Expense (% of GDP) in Latvia was 43.57 as of 2019. Its highest value over the past 24 years was 55.28 in 2010, while its lowest value was 36.03 in 2007.
Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1995 | 46.01 |
| 1996 | 44.32 |
| 1997 | 45.90 |
| 1998 | 47.88 |
| 1999 | 50.41 |
| 2000 | 45.94 |
| 2001 | 42.02 |
| 2002 | 41.50 |
| 2003 | 39.69 |
| 2004 | 39.50 |
| 2005 | 39.50 |
| 2006 | 38.57 |
| 2007 | 36.03 |
| 2008 | 42.13 |
| 2009 | 52.42 |
| 2010 | 55.28 |
| 2011 | 48.84 |
| 2012 | 44.38 |
| 2013 | 43.90 |
| 2014 | 44.67 |
| 2015 | 43.62 |
| 2016 | 42.46 |
| 2017 | 42.87 |
| 2018 | 42.58 |
| 2019 | 43.57 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
