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Government > Spending Stats: compare key data on Japan & Latvia

Definitions

  • Expense > % of GDP: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends."
  • Expense > Current LCU: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends."
  • Interest payments > % of expense: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents."
  • Interest payments > % of revenue: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents."
  • Interest payments > Current LCU: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents."
  • Subsidies and other transfers > % of expense: Subsidies, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organisations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind."
  • Subsidies and other transfers > Current LCU: Subsidies, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organisations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind."
STAT Japan Latvia HISTORY
Expense > % of GDP 14.62%
Ranked 32nd.
29.3%
Ranked 44th. Twice as much as Japan

Expense > Current LCU 63.87 trillion
Ranked 1st. 13393 times more than Latvia
4.77 billion
Ranked 82nd.

Interest payments > % of expense 20.48%
Ranked 10th. 17 times more than Latvia
1.24%
Ranked 80th.

Interest payments > % of revenue 21.06%
Ranked 9th. 17 times more than Latvia
1.27%
Ranked 78th.

Interest payments > Current LCU 13.08 trillion
Ranked 1st. 221712 times more than Latvia
59 million
Ranked 85th.

Subsidies and other transfers > % of expense 64.76%
Ranked 1st.
65.07%
Ranked 19th. About the same as Japan

Subsidies and other transfers > Current LCU 41.37 trillion
Ranked 1st. 13331 times more than Latvia
3.1 billion
Ranked 73th.

SOURCES: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; International Monetary Fund, Government Finance Statistics Yearbook and data files.

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