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Latvia - Government Spending 1995

Government expenditure as % of GDP · World Bank
32.25% +14.55% from 1994 Global rank: 53rd

Latvia's government spending was 32.25% in 1995, increased +14.55% from 17.70% in 1994. This was the 53rd highest globally.

Global Ranking - 1995▾
Government Spending by Country - 1995
RankCountryValueYoY
1st Congo, Democratic Republic of 5.24% 21.0%
2nd Guatemala 7.56% -4.8%
3rd Dominican Republic 7.72% -3.3%
4th Cameroon 8.87% -2.1%
5th Indonesia 9.71% -2.7%
6th Thailand 10.81% -3.7%
7th Nicaragua 10.92% -3.4%
8th Mexico 11.28% 8.5%
9th Russian Federation 11.56% -57.2%
10th Mongolia 11.67% -18.0%
11th Singapore 11.93% 9.2%
12th Korea 12.61% -1.2%
13th Belize 14.13% -11.0%
14th Georgia 14.20% -
15th India 14.25% -2.4%
16th Iran, Islamic Republic of 14.88% -4.3%
17th Japan 15.03% 0.0%
18th Chile 15.05% -5.1%
19th Türkiye 15.12% -31.1%
20th Argentina 15.51% 4.1%
21st Bahamas, The 17.37% 1.4%
22nd Peru 17.50% 13.4%
23rd Switzerland 17.62% -0.3%
24th Bolivia, Plurinational State of 17.71% -6.7%
25th Mauritius 18.60% 0.4%
26th Maldives 18.70% 11.5%
27th Jamaica 19.23% 0.7%
28th Azerbaijan 19.83% -42.0%
29th Burundi 19.93% -15.3%
30th United States 20.53% -1.0%
31st Bahrain 20.57% -7.4%
32nd Vanuatu 20.68% 5.0%
33rd Bhutan 21.03% 3.3%
34th Albania 21.32% -
35th Costa Rica 21.54% -6.3%
36th Morocco 22.43% 10.0%
37th Canada 23.43% -1.3%
38th Papua New Guinea 24.54% -9.2%
39th Australia 25.35% 1.2%
40th Sri Lanka 25.95% 6.8%
41st South Africa 26.09% 1.1%
42nd Jordan 26.14% 4.9%
43rd Fiji 26.76% -0.8%
44th Uruguay 27.10% -10.2%
45th Romania 27.62% -7.2%
46th Bulgaria 27.97% -36.0%
47th Egypt, Arab Republic of 28.13% -9.3%
48th Tunisia 28.37% 1.2%
49th Cyprus 28.46% -4.6%
50th Belarus 28.74% -4.0%
51st Iceland 29.22% 0.6%
52nd Botswana 30.62% 5.3%
53rd Latvia 32.25% 82.2%
54th Lesotho 32.47% -1.1%
55th Lithuania 32.57% 56.3%
56th United Kingdom 36.98% -0.3%
57th Portugal 37.16% 6.3%
58th Estonia 37.16% 71.7%
59th Ireland 37.21% 0.3%
60th Malta 37.46% 23.7%
61st Luxembourg 37.63% 15.8%
62nd Norway 37.96% -1.0%
63rd Germany 38.22% 20.4%
64th Israel 38.61% 5.5%
65th Denmark 41.84% 2.7%
66th Poland 41.87% 16.4%
67th Sweden 42.63% 1.5%
68th European Union 43.65% 13.0%
69th Seychelles 44.03% -0.9%
70th Greece 44.51% 3.8%
71st Slovak Republic 45.32% -
72nd Belgium 45.57% -
73rd Kuwait 46.41% -11.0%
74th Czechia 46.93% 55.1%
75th France 47.73% 8.1%
76th Italy 48.05% 5.0%
77th Netherlands 48.62% 7.0%
78th Finland 48.67% 20.3%
79th Austria 48.85% 25.8%
80th Croatia 50.08% 36.9%
81st Hungary 50.88% -0.2%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Latvia's government spending in 1995?▾

Latvia's government spending in 1995 was 32.25%. This ranked 53rd globally.

How did Latvia's government spending change in 1995?▾

Latvia's government spending increased by 82.2% in 1995 compared to 1994.

Which country had the highest government spending in 1995?▾

Hungary had the highest government spending in 1995 at 50.88%.

What is the government spending of Latvia in 1995?▾

The government spending of Latvia in 1995 was 32.25%. This ranked 53rd globally.

How does 1995 compare to 1994 for Latvia's government spending?▾

Latvia's government spending went from 17.70% in 1994 to 32.25% in 1995, a 82.2% increase.

HistorySaid - pattern alert

Latvia matched the Stagflation Risk pattern in 1995. Historically: 307 occurrences, 117 successful (38%). Outcome 24 months later: 8.4%. View full analysis →

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