Key Market Indicators
Latvia's mental health expenditure is projected to soar to approximately €157 million by 2028, up from around €98 million in 2023. This represents a robust compound annual growth rate (CAGR) of 7.4%. Since 2018, Latvia has experienced a significant annual increase in mental health spending, with a year-on-year growth rate of 17.5%. In 2023, the country ranked 14th in terms of expenditure, with Portugal narrowly surpassing it at €98 million. The leading countries in mental health expenditure were the Netherlands, Norway, and Switzerland, holding the second, third, and fourth positions, respectively.
