Government gross debt in Latvia

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 47.4% 2027: 48.5% 2028: 49.6% 2029: 50.8% 2030: 52.2% 2031: 53.5%

14.8 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	14.8
Jan 1998	9.8

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Measures the total gross debt owed by Latvia's general government to its creditors. Compiled by the Central Statistical Bureau and Eurostat under the Maastricht definition, it is reported in absolute terms and as a share of GDP.

How it's calculated

Compiled under the Excessive Deficit Procedure (EDP debt) by summing debt securities, loans and currency and deposits at nominal value, consolidated across subsectors. Eurostat publishes the debt-to-GDP ratio on a quarterly and annual basis.

Market implications

As a euro-area member, Latvia's debt is assessed against the Stability and Growth Pact thresholds. A contained ratio, historically among the lowest in the EU, underpins the rating and market confidence in Baltic sovereign debt.

Limitations

It is a low-frequency series subject to revision alongside the national accounts. The ratio depends on nominal GDP, so it can shift with inflation or growth even when underlying borrowing is unchanged.