GDP reading: Peru’s GDP expanded 2.6% in annual terms in Q2, following a 3.6% expansion in the prior quarter. Q2’s...
Government Consumption in Latvia
The economy of Latvia recorded an average growth rate of 4.0% in government consumption in the decade to 2024. In 2024, government consumption growth was 7.6%.
Latvia Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Latvia from 2014 to 2025.
Source: Macrobond.
Latvia Government Consumption Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 3.7 | 0.4 | 2.5 | -0.4 | 7.0 |
Economic growth decelerates in the first quarter of 2026
GDP reading: Latvia's GDP increased 2.5% in annual terms in Q1, following 2.9% growth in the prior quarter. In seasonally adjusted quarter-on-quarter terms, the economy expanded 0.6% in Q1, following a 0.7% expansion in the prior quarter.
Drivers: Compared to the prior period's data, figures in Q1 softened for private consumption (+2.0% on a year-on-year basis vs +2.2% in Q4), government consumption (-1.5% vs +9.2% in Q4), fixed investment (+3.2% vs +11.8% in Q4) and imports of goods and services (+3.0% vs +6.1% in Q4). In contrast, the reading for exports of goods and services improved in Q1 (+1.4% vs -2.1% in Q4).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Latvian government consumption projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Latvian government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Latvian government consumption projections.
Want to get access to the full dataset of Latvian government consumption forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
-
Peru: Economic growth decelerates in the second quarter of 2026 -
Denmark: Economic growth decelerates in the second quarter of 2026 Q2 clocks over one-year low: Denmark’s GDP expanded 0.3% in seasonally adjusted quarter-on-quarter terms in Q2, following downwardly revised 1.5%... -
Israel: Economy rebounds in Q2 2026 GDP reading: Israel’s GDP increased 15.4% in seasonally adjusted quarter-on-quarter annualized (SAAR) terms in Q2, following a 2.2% contraction in... -
Colombia: Economic growth strongly picks up in Q2 2026 GDP growth accelerates more than expected: Colombia’s GDP expanded 3.5% in annual terms in Q2, following a 2.2% expansion in... -
Chile: Economy stagnates in Q2 2026 Q2’s flat reading undershoots market expectations: Chile’s GDP stagnated on a seasonally adjusted quarter-on-quarter basis in Q2, improving slightly from... -
Japan: Economic growth unexpectedly slows in Q2 GDP underperforms: Japan’s GDP increased 1.1% on a seasonally adjusted quarter-on-quarter annualized (SAAR) basis in Q2, following 1.9% growth in... -
Slovenia: Economic growth accelerates in Q2 2026 GDP growth picks up: Slovenia’s GDP increased 5.0% on a year-on-year basis in Q2, following already solid 3.2% growth in...