Latvia: Grants and other revenue (current LCU)

Key figures

What the numbers say

In 2024, Latvia's grants and other revenue (current LCU) rose 3.2% on 2023 (from 2.68 billion to 2.77 billion).

Across the 29 yearly changes before that (1995 to 2023), the average change was +23.9% and a typical year strayed about 63.9% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 335.3% in 1995 and the biggest yearly fall was 10.9% in 1999. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 161.49 million a year. A straight line explains 80% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Latvia had the 72nd highest value of the 81 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Latvia in the 2024 ranking

• Guatemala — 68th of 81: 3.46 billion
• Panama — 69th of 81: 3.1 billion
• Lithuania — 70th of 81: 2.83 billion
• Papua New Guinea — 72nd of 81: 2.38 billion
• El Salvador — 73rd of 81: 2.2 billion
• Estonia — 74th of 81: 1.9 billion

What this measures

Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 31 values

Grants and other revenue (current LCU) in nearby economies

• Albania — 121.74 billion (2024)
• Armenia — 208.75 billion (2024)
• Austria — 20.7 billion (2024)
• Azerbaijan — 20.44 billion (2024)
• Belarus — 18.14 billion (2024)
• Belgium — 9.27 billion (2024)
• Bosnia and Herzegovina — 1.48 billion (2024)
• Cyprus — 1.39 billion (2024)
• Czechia — 241.7 billion (2024)
• Estonia — 1.9 billion (2024)
• Finland

More public sector data for Latvia

• Arms imports (SIPRI trend indicator values) — 19 million (2024)
• Military expenditure (current USD) — 1.73 billion (2025)
• Military expenditure (current LCU) — 1.54 billion (2025)
• Military expenditure (% of GDP) — 3.61% (2025)
• Net investment in nonfinancial assets (current LCU) — 2.07 billion (2024)
• Net investment in nonfinancial assets (% of GDP) — 5.08% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -798.05 million (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — -1.96% (2024)
• Grants and other revenue (% of revenue) — 19.01% (2024)
• Social contributions (current LCU)

Reading data like this

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Questions people ask

What is Latvia's grants and other revenue (current LCU)?

2.77 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1994?

It is up 7,904% from 34.57 million in 1994 (15.73% a year on average, compounded). The highest value was 2.77 billion in 2024 and the lowest 34.57 million in 1994.

How does Latvia rank?

72nd highest of 81 economies with data for 2024.

Is the latest change in grants and other revenue (current LCU) unusual for Latvia?

In 2024, Latvia's grants and other revenue (current LCU) rose 3.2% on 2023 (from 2.68 billion to 2.77 billion). Across the 29 yearly changes before that (1995 to 2023), the average change was +23.9% and a typical year strayed about 63.9% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.REV.GOTR.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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