Public debt ratio in Latvia
The national debt ratio of Latvia indicates the ratio between the Latvian national debt on the one hand and the Latvian nominal gross domestic product on the other.
Development in recent years
Latvia's national debt ratio rose between 2008 and 2013 due to the financial crisis . While the national debt of 3.9 billion euros at the end of 2008 corresponded to a government debt ratio of 17.2%, the national debt ratio at the end of 2013, given a debt level of 8.2 billion euros, reached a value of 35.0%.
Forecast development
The International Monetary Fund assumes that the national debt ratio of Latvia will fall to 30.8% by the end of 2019 with a debt level of EUR 9.9 billion. This would mean that Latvia would continue to meet the Maastricht criterion of no more than 60%.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)