Facts
- Government gross debt, % of GDP
- 46.9 % (2025)
- Fiscal balance, % of GDP
- -4.0 % (2025)
- GDP, current prices
- $48.6 bn (2025)
- Current account, % of GDP
- -5.3 % (2025)
- Debt level
- 30–60% of GDP
- Change in debt ratio, last 10 years
- +8.6 pp
- ISO code
- LVA
Sources: US Treasury Fiscal Data — Debt to the Penny, MSPD (public domain), IMF World Economic Outlook, World Bank WDI (CC BY 4.0)
GDP, current prices ($ billions)
| Period | Value |
|---|---|
| 2025 | $48.6 bn |
| 2024 | $44.0 bn |
| 2023 | $42.8 bn |
| 2022 | $38.0 bn |
| 2021 | $38.2 bn |
| 2020 | $33.4 bn |
| 2019 | $33.1 bn |
| 2018 | $33.3 bn |
| 2017 | $29.4 bn |
| 2016 | $27.1 bn |
| 2015 | $26.3 bn |
| 2014 | $30.3 bn |
Current account balance, % of GDP
| Period | Value |
|---|---|
| 2025 | -5.3 % |
| 2024 | -3.5 % |
| 2023 | -5.6 % |
| 2022 | -5.5 % |
| 2021 | -4.1 % |
| 2020 | 3.0 % |
| 2019 | -0.2 % |
| 2018 | -0.4 % |
| 2017 | 1.5 % |
| 2016 | 1.8 % |
| 2015 | -0.1 % |
| 2014 | -1.5 % |
Government gross debt, % of GDP
| Period | Value |
|---|---|
| 2025 | 46.9 % |
| 2024 | 46.2 % |
| 2023 | 44.4 % |
| 2022 | 44.4 % |
| 2021 | 45.9 % |
| 2020 | 44.0 % |
| 2019 | 37.9 % |
| 2018 | 38.3 % |
| 2017 | 40.3 % |
| 2016 | 41.7 % |
| 2015 | 38.3 % |
| 2014 | 43.1 % |
Net lending / borrowing, % of GDP
| Period | Value |
|---|---|
| 2025 | -4.0 % |
| 2024 | -1.7 % |
| 2023 | -3.4 % |
| 2022 | -3.9 % |
| 2021 | -5.7 % |
| 2020 | -3.8 % |
| 2019 | -0.4 % |
| 2018 | -0.8 % |
| 2017 | -0.9 % |
| 2016 | -0.4 % |
| 2015 | -1.6 % |
| 2014 | -1.7 % |