Belarus vs Latvia: Government debt
Government debt in 2025: 31.3% of GDP in Belarus and 46.9% of GDP in Latvia, by IMF estimates. In 2025 the value was higher in Latvia, by 15.6 percentage points, or 1.5 times that in Belarus.
BelarusLatvia
Watch it change on the map% of GDP · IMF · log scale
Latest figures
% of GDP · IMF
| Country | Latest | 10 years before | Rank in 2025 | Projected |
|---|---|---|---|---|
| Belarus | 31.3 2025 | 53 | 124 of 149 | 27 2031 |
| Latvia | 46.9 2025 | 38.3 | 88 of 149 | 54.9 2031 |
What the numbers say
- Latvia has been higher since 2021, when it overtook Belarus.
- In 2025, Belarus ranked 124 and Latvia ranked 88 of 149 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Belarus at 27% of GDP and Latvia at 54.9% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Belarus | Latvia |
|---|---|---|
| 2025 | 31.3 | 46.9 |
| 2024 | 38.7 | 46.3 |
| 2023 | 40.7 | 44.4 |
| 2022 | 40.8 | 44.4 |
| 2021 | 41.2 | 45.9 |
| 2020 | 47.5 | 44 |
| 2019 | 41 | 37.9 |
| 2018 | 47.5 | 38.3 |
| 2017 | 53.2 | 40.3 |
| 2016 | 53.5 | 41.7 |
| 2015 | 53 | 38.3 |
| 2014 | 38.8 | 43.1 |
| 2013 | 36.9 | 41.8 |
| 2012 | 37 | 44.4 |
| 2011 | 58.2 | 46.8 |
| 2010 | 36.8 | 48.2 |
| 2009 | 32.6 | 37.6 |
| 2008 | 20.3 | 19.3 |
| 2007 | 15.8 | 9 |
| 2006 | 12.3 | 10.7 |
| 2005 | 8.1 | 12.5 |
| 2004 | 9.2 | 15.3 |
| 2003 | – | 15.4 |
| 2002 | – | 15.4 |
| 2001 | – | 17.8 |
| 2000 | – | 15.1 |
| 1999 | – | 14.8 |
| 1998 | – | 9.8 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Belarus | Latvia |
|---|---|---|
| 2026 | 31.1 | 47 |
| 2027 | 30.2 | 48.6 |
| 2028 | 29.5 | 50.3 |
| 2029 | 28.4 | 51.8 |
| 2030 | 27.7 | 53.4 |
| 2031 | 27 | 54.9 |
Each country on its own
Good to know
- What the government owes, as a share of the economy’s yearly output.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 149 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time