Latvia Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Latvia's interest payments to revenue was 1.34% in 2025, ranked 96th globally. This represents a 28.3% decrease from 2024. Data from World Bank, covering 1994–2025.
Overview
Latvia's interest payments to revenue stood at 1.34% in 2025, a decline of +0.53pp from 2023. Based on recent trends, this figure is projected to reach 1.34% by 2025. Latvia ranked 96th globally.
Latvia's interest payments to revenue ratio has exhibited a downward trend over the past three decades, with the all-time peak of 5.63% occurring in 2011 and a significant decline to 1.34% in 2025, the lowest recorded value. This ratio has become one of the most favorable globally, ranking 96th out of 196 countries. A comparison with peer countries reveals that Latvia's ratio is lower than that of Finland, which ranked 10th with 1.51% in 2025. The ratio has experienced a substantial decrease from the early 1990s, when it stood at 1.66%. The decline in the interest payments to revenue ratio in Latvia is likely due to the country's ability to manage its debt effectively, maintaining a stable macroeconomic environment. However, potential fiscal challenges, such as increased borrowing costs or a rise in government spending, could alter this trajectory and lead to a reversal in the downward trend.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 1.22% | - | - |
| 2025* trend | 1.34% | - | - |
| 2025 | 1.34% | −0.53pp | #96 |
| 2023 | 1.86% | +0.40pp | #18 |
| 2022 | 1.46% | −0.12pp | #20 |
| 2021 | 1.58% | −0.39pp | #23 |
| 2020 | 1.97% | −0.24pp | #28 |
| 2019 | 2.21% | −0.16pp | #31 |
| 2018 | 2.37% | −0.74pp | #30 |
| 2017 | 3.11% | −0.42pp | #38 |
| 2016 | 3.53% | −0.69pp | #41 |
| 2015 | 4.22% | −0.37pp | #53 |
| 2014 | 4.59% | −0.30pp | #59 |
| 2013 | 4.89% | −0.47pp | #54 |
| 2012 | 5.36% | −0.27pp | #67 |
| 2011 | 5.63% | +0.09pp | #69 |
| 2010 | 5.53% | +1.03pp | #64 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's interest payments to revenue was 1.34% in 2025. Ranked 96th globally. This represents a 28.3% decrease from the previous year.
Latvia's interest payments to revenue peaked at 5.63% in 2011.
The lowest interest payments to revenue in Latvia was 1.34% in 2025.
Latvia ranks 96th globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
Latvia's interest payments to revenue is projected to reach 1.34% by 2025 based on trend extrapolation.
The interest payments to revenue of Latvia in 2025 was 1.34%. This ranks 96th in the world.
Cite this page
@misc{historysaid_latvia_interest-to-revenue,
title = {Latvia Interest Payments to Revenue},
url = {https://historysaid.com/latvia/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}