Fiscal Balance in Latvia
The fiscal balance in Latvia averaged -2.2% of GDP in the decade to 2022, slightly above the Euro Area's average of -2.7% of GDP. However, the fiscal balance in Latvia was -4.6% of GDP in 2022. For more fiscal balance information, visit our dedicated page.
Latvia Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Latvia from 2020 to 2019.
Source: Macrobond.
Latvia Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -0.2 | -4.1 | -7.2 | -4.9 | -2.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Latvian fiscal balance projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Latvian fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Latvian fiscal balance projections.
Want to get access to the full dataset of Latvian fiscal balance forecasts? Send an email to info@focus-economics.com.