What is the difference in tax revenue between Cyprus and Latvia?

1.15 billion current LCU, with Cyprus ahead.

How many years of comparable data are there for Cyprus and Latvia?

31 years are reported by both, from 1994 to 2024.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Cyprus vs Latvia: Tax revenue

Cyprus

8.32 billion current LCU

in 2024

Latvia

7.17 billion current LCU

in 2024

Cyprus rank

130th

Latvia rank

132nd

Tax revenue over time

Cyprus
Latvia

How they compare

Cyprus currently reports 8.32 billion current LCU against 7.17 billion current LCU in Latvia, a difference of 1.15 billion current LCU.

That makes Cyprus's figure about 1.2 times Latvia's.

Across all 31 years both countries report, Cyprus has been ahead every year.

Cyprus ranks 130th and Latvia ranks 132nd of 157 countries.

Cyprus has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade	Cyprus	Latvia	Difference	Ahead
1990s	1.51 billion current LCU	719.73 million current LCU	790.87 million current LCU	Cyprus
2000s	3.48 billion current LCU	2.05 billion current LCU	1.43 billion current LCU	Cyprus
2010s	4.64 billion current LCU	3.78 billion current LCU	866.31 million current LCU	Cyprus
2020s	6.68 billion current LCU	6.00 billion current LCU	681.44 million current LCU	Cyprus

Averages of every year both report within each decade.

Frequently asked questions

Which has higher tax revenue, Cyprus or Latvia?: Cyprus, at 8.32 billion current LCU against 7.17 billion current LCU in Latvia as of 2024.
What is the difference in tax revenue between Cyprus and Latvia?: 1.15 billion current LCU, with Cyprus ahead.
How many years of comparable data are there for Cyprus and Latvia?: 31 years are reported by both, from 1994 to 2024.
How do Cyprus and Latvia rank globally for tax revenue?: Cyprus ranks 130th and Latvia ranks 132nd of 157 countries.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Cyprus vs Latvia: Tax revenue. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 19 August 2026, from https://public-sector.statizoid.com/compare/tax-revenue-current-lcu/cyprus/latvia/

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About this data

Indicator: Tax revenue (current LCU)
Unit: current LCU
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 157 places, 4,711 data points, 1972–2024
Last refreshed: 06 August 2026

Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.