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Government debt in Latvia

How indebted is the state my taxes would go to?

Latvia's government debt is 46.90 % — #49 of 124 countries on the atlas (lower is better). Period 2025.

46.90%

Checked 8 Sept 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.5 years' worth of the country's entire economic output.

Government debt in Latvia over time

48.20 %28.60 %9.00 %48.20 % · 20109.00 % · 20071998: 9.80 %1999: 14.80 %2000: 15.10 %2001: 17.80 %2002: 15.40 %2003: 15.40 %2004: 15.30 %2005: 12.50 %2006: 10.70 %2007: 9.00 %2008: 19.30 %2009: 37.60 %2010: 48.20 %2011: 46.80 %2012: 44.40 %2013: 41.80 %2014: 43.10 %2015: 38.30 %2016: 41.70 %2017: 40.30 %2018: 38.30 %2019: 37.90 %2020: 44.00 %2021: 45.90 %2022: 44.40 %2023: 44.40 %2024: 46.20 %2025: 46.90 %19982012202546.90 %
28 official observations, 1998 → 2025. Every point is a published value — never interpolated.
Rank
#49 of 124
lower is better
Ranked behind
60 %
75 of 124 countries
Latest move
▲ 0.70 pp
since 2024
Below its peak
1.30 pp
peak 48.20 % in 2010
Full series
▲ 37.10 pp
since 1998

In Europe: #18 of 37vs median 54.55 %: −7.65 pp (better)

Among 124 countries

5 of 124 countries between 12.30 % and 17.86 %4 of 124 countries between 17.86 % and 23.42 %9 of 124 countries between 23.42 % and 28.97 %9 of 124 countries between 28.97 % and 34.53 %9 of 124 countries between 34.53 % and 40.09 %11 of 124 countries between 40.09 % and 45.65 %8 of 124 countries between 45.65 % and 51.21 %11 of 124 countries between 51.21 % and 56.77 %8 of 124 countries between 56.77 % and 62.32 %7 of 124 countries between 62.32 % and 67.88 %6 of 124 countries between 67.88 % and 73.44 %5 of 124 countries between 73.44 % and 79.00 %6 of 124 countries between 79.00 % and 84.56 %7 of 124 countries between 84.56 % and 90.12 %2 of 124 countries between 90.12 % and 95.67 %3 of 124 countries between 95.67 % and 101.23 %4 of 124 countries between 101.23 % and 106.79 %1 of 124 countries between 106.79 % and 112.35 %2 of 124 countries between 112.35 % and 117.91 %1 of 124 countries between 123.47 % and 129.02 %2 of 124 countries between 134.58 % and 140.14 %4 of 124 countries between 140.14 % and 145.70 %median 54.40 %Latvia: ahead of 60 % of the 124 countries with a published government debtLatvia 46.90 %12.30 %145.70 %
Half of all 124 countries sit between 36.00 % and 80.30 %. Latvia is ahead of 60 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Latvia
47 Mongolia45.10 %−1.80 pp
48 Malta46.80 %−0.10 pp
49 Latvia46.90 %—
50 Nepal48.10 %+1.20 pp
51 Madagascar48.70 %+1.80 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Latvia

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Latvia with another country →Everything about Latvia →
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