Latvia - Public Pension Spending

Since 2014, Latvia Public Pension Spending increased 0.7points year on year. In 2019, the country was number 18 comparing other countries in Public Pension Spending at 7.4 Percent of GDP. Latvia is overtaken by Slovakia, which was number 17 with 7.71 Percent of GDP and is followed by Sweden with 7.25 Percent of GDP. Greece lead the ranking with 18.32 Percent of GDP in 2019, that is +2points compared to 2018. Italy, Portugal and France respectively ranked number 2, 3 and 4 in this ranking. South Korea recorded the best 5 years average growth at +3.9points per year, while Ireland witnessed the worst performance at -3.6points per year.

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Date Percent of GDP
2019 7.40
2018 7.34
2017 7.27
2016 7.21
2015 7.02
Download all data from 1994 to 2019

How does Latvia rank in Public Pension Spending?

# 35 Countries Percent of GDP Last YoY 5‑years CAGR
1 #1
Greece
18.32 % 2019 +1.9 % +2.2 % View data
2 #2
Italy
16.91 % 2019 +0.9 % +0.8 % View data
17 #17
Slovakia
7.71 % 2019 +1.1 % +0.7 % View data
18 #18
Latvia
7.40 % 2019 +0.8 % +0.7 % View data
19 #19
Sweden
7.25 % 2019 -0.1 % -0.4 % View data
Compare all 35 countries

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