LV · 2023 · tps00103
Expenditure on pensions as percentage of GDP
Latvia, 2023
Expenditure on pensions as percentage of GDP
8.58
Latvia, 2023
▲ 4.1% vs 2022 (8.24)
Analysis
In 2023, Latvia's expenditure on pensions as percentage of GDP increased by 4.1% compared to 2022, reaching 8.58.
Latvia accounts for 69.8% of the EU-27 total of 12.3.
Latvia ranks 20th out of 27 EU member states with reported data — in the bottom half of the distribution.
Over the past five years, the indicator has grown by 11.3% (from 7.71 in 2018).
Source: Eurostat dataset tps00103, accessed via the eupublicdata pipeline.
Rank in EU-27 · 2023
#20 of 27
% of EU-27 total · 2023
69.8%
EU-27: 12.3
Latvia timeline (last 15 years)
2012 2023
Source:
Eurostat · tps00103