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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 125 countries on the atlas (lower is better). Period 2025.

46.90%

Checked 23 Oct 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 125
lower is better
Ranked behind
61 %
76 of 125 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: #17 of 37vs median 54.70 %: −7.80 pp (better)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Latvia: ahead of 61 % of the 125 countries with a published government debtLatvia 46.90 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Latvia is ahead of 61 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Latvia
47 Malta46.20 %−0.70 pp
48 Armenia46.90 %—
49 Latvia46.90 %—
50 Nepal47.40 %+0.50 pp
51 Madagascar47.70 %+0.80 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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