Latvia—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #103 of 192Updated July 2026
Latest Value
-4.2%
2027
YoY Change
-40.0%
2026 → 2027
Global Rank
#103
of 192 countries
Maximum
0.6%
2007
Minimum
-7.1%
2009
Last
-4.2%
Previous
-3.0%
Highest
0.6%
Lowest
-7.1%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Latvia's fiscal balance (% of GDP) was -3.0% in 2026, ranking #103 out of 192 countries. This represents a -40.0% change from 2026. Over the past 27 years, the highest recorded value was 0.6% (2007) and the lowest was -7.1% (2009). The IMF WEO projects -4.2% by 2027. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2027 | -4.2% | -40.0% |
| 2026 | -3.0% | +14.3% |
| 2025 | -3.5% | -94.4% |
| 2024 | -1.8% | +47.1% |
| 2023 | -3.4% | +12.8% |
| 2022 | -3.9% | +31.6% |
| 2021 | -5.7% | -50.0% |
| 2020 | -3.8% | -850.0% |
| 2019 | -0.4% | +50.0% |
| 2018 | -0.8% | +11.1% |
| 2017 | -0.9% | -125.0% |
| 2016 | -0.4% | +75.0% |
| 2015 | -1.6% | +5.9% |
| 2014 | -1.7% | -183.3% |
| 2013 | -0.6% | -400.0% |
| 2012 | 0.2% | +105.9% |
| 2011 | -3.4% | +48.5% |
| 2010 | -6.6% | +7.0% |
| 2009 | -7.1% | -115.2% |
| 2008 | -3.3% | -650.0% |
| 2007 | 0.6% | +220.0% |
| 2006 | -0.5% | +54.5% |
| 2005 | -1.1% | -10.0% |
| 2004 | -1.0% | +41.2% |
| 2003 | -1.7% | +34.6% |
| 2002 | -2.6% | -30.0% |
| 2001 | -2.0% | +23.1% |
| 2000 | -2.6% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -3.0% | +14.3% |
| 2027Forecast | -4.2% | -40.0% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Nauru | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Macao SAR, China | 4.2% | 2026 |
| 7 | Lesotho | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP