Latvia vs Russia

Latvia vs Russia: Government debt

Government debt in 2025: 46.9% of GDP in Latvia and 16.6% of GDP in Russia, by IMF estimates. In 2025 the value was higher in Latvia, by 30.3 percentage points, or 2.83 times that in Russia.

Watch it change on the map

% of GDP · IMF

Latvia vs Russia: Government debtGovernment debt in 2025: 46.9% of GDP in Latvia and 16.6% of GDP in Russia, by IMF estimates. In 2025 the value was higher in Latvia, by 30.3 percentage points, or 2.83 times that in Russia.
LatviaRussiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Latvia has been higher since 2006, when it overtook Russia.
  • In 2025, Latvia ranked 88 and Russia ranked 144 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Latvia at 54.9% of GDP and Russia at 30.7% of GDP in 2031.

Every year

% of GDP · IMF

YearLatviaRussia
202546.916.6
202446.314.8
202344.415.2
202244.415.1
202145.916.5
20204419.2
201937.913.8
201838.313.6
201740.314.3
201641.714.9
201538.315.3
201443.115.1
201341.812.4
201244.411.2
201146.810.3
201048.210.1
200937.69.9
200819.37.4
200798
200610.79.8
200512.514.9
200415.320.8
200315.428.3
200215.437.6
200117.844.4
200015.155.9
199914.892.4
19989.8135.2
1997–51.5
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearLatviaRussia
20264719.3
202748.622.2
202850.324.8
202951.827.2
203053.429.1
203154.930.7

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

Latvia vs Russia

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