24Peaks / Europe / Latvia / Government Expenditure (% of GDP)

Latvia - Government Expenditure (% of GDP) 34.2

World Bank WDI · updated 2026-10-15 · 161 economies tracked

Latest value

34.2 (2023)

Global rank

##26 of 161 economies

Share of global total

1.4%

Growth since 1994

1.93×

Ranking Race — Government Expenditure (% of GDP)

1 = global #1 · higher value ranks higher

#1#22#43#64#85#106#1271972198219922002201220222024#55#262019 overtook Trinidad and Tobago2021 overtook Macao
LatviaBotswanaTanzania

Real annual global ranks, 1972 - 2024. Latvia climbed from #55 to #26 (overtook Trinidad and Tobago). Gaps in a lane = missing data that year.

Key events for Latvia ↓

Key Events — Latvia

Auto-detected from rank data + curated milestones

1995
Climbed 27 places in global rank auto
2019
Overtook Trinidad and Tobago in global rank auto
2021
Overtook Macao in global rank auto
2021
Climbed 24 places in global rank auto

Government Expenditure (% of GDP), 1994-2023

World Bank WDI · % of GDP · linear scale · ranking in the race above
199420042014202317.724.9932.2939.58

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