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NATIONAL PUBLIC DEBT Latvia 2023

The national debt increased in Latvia

In 2023 Latvia public debt was 17,581 million euros19,011 million dollars, has increased 1,5422,205 million since 2022.

This amount means that the debt in 2023 reached 43.6% of Latvia GDP, a 1.8 percentage point rise from 2022, when it was 41.8% of GDP.

If we check the tables we can see the evolution of Latvia debt. It has risen since 2013 in global debt terms, when it was 9,172 million euros 12,189 million dollars and also in terms of GDP percentage, when it amounted to 40.3%.

According to the last data point published, Latvia per capita debt in 2023 was 9,337 euros10,096 dollars per inhabitant. In 2022 it was 8,518 euros 8,925 dollars, afterwards rising by 819 euros1,171 dollars, and if we again check 2013 we can see that then the debt per person was 4,583 euros6,090 dollars .

The position of Latvia, as compared with the rest of the world, has worsened in 2023 in terms of GDP percentage. Currently it is country number 61 in the list of debt to GDP and 141 in debt per capita, out of the 191 we publish.

In this page we show you the progression of the public debt in Latvia. You can see debt in other countries in Public debt and see all the information about Latvia in economy of Latvia.

Latvia: Evolution of debt
DateDebt (M.€.)Debt (%GDP)Debt Per Capita
2023Q417,58143.60%€9,337
2023Q316,82742.00%€8,936
2023Q215,98540.10%€8,489
2023Q117,19243.70%€9,130
< Debt 2022
Latvia: Evolution of debt
DateDebt (M.€.)Debt ($M)Debt (%GDP)Debt Per CapitaDebt Per Capita
202317,58119,01143.60%€9,337$10,096
202216,03916,80641.80%€8,518$8,925
202114,80917,77544.40%€7,895$9,476
202012,86914,55142.70%€6,798$7,686
201911,20912,59236.70%€5,876$6,601
201810,78412,77937.00%€5,617$6,656
201710,49311,87938.90%€5,424$6,141
201610,22411,33740.30%€5,243$5,814
20159,08910,10337.00%€4,616$5,131
20149,81813,06141.60%€4,943$6,576
20139,17212,18940.30%€4,583$6,090
20129,36412,04542.40%€4,627$5,951
20118,94912,34645.10%€4,376$6,038
20108,53811,16347.60%€4,115$5,381
20096,9579,43237.00%€3,281$4,448
20084,5116,45018.50%€2,086$2,982
20071,9352,5148.40%€883$1,147
20061,7372,06910.00%€786$936
20051,6391,95311.90%€736$877
20041,6292,03314.60%€724$903
20031,4101,68714.10%€619$741
20021,2521,42413.00%€544$620
20011,3041,46013.80%€562$629
20001,0111,17212.10%€430$498
19999051,08712.10%€380$456
19985756859.00%€239$286
199762010.60%€256$283
199662613.20%€256$319
199556113.90%€227$301
Latvia: Evolution of debt as a percentage of GDP

Latvia: Evolution of debt in millions