Latvia vs Panama: Tax revenue
Tax revenue over time
- Latvia
- Panama
How they compare
Latvia currently reports 7.17 billion current LCU against 6.21 billion current LCU in Panama, a difference of 963.59 million current LCU.
That makes Latvia's figure about 1.2 times Panama's.
The two have swapped places 3 times across 11 shared years of data; in 2014 it was Panama ahead.
Latvia ranks 132nd and Panama ranks 133rd of 157 countries.
Across the 2 decades both report, Latvia averaged higher in 1 and Panama in 1.
Head to head by decade
| Decade | Latvia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.27 billion current LCU | 5.91 billion current LCU | 1.64 billion current LCU | Panama |
| 2020s | 6.00 billion current LCU | 5.97 billion current LCU | 29.61 million current LCU | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Latvia or Panama?
- Latvia, at 7.17 billion current LCU against 6.21 billion current LCU in Panama as of 2024.
- What is the difference in tax revenue between Latvia and Panama?
- 963.59 million current LCU, with Latvia ahead.
- How many years of comparable data are there for Latvia and Panama?
- 11 years are reported by both, from 2014 to 2024.
- How do Latvia and Panama rank globally for tax revenue?
- Latvia ranks 132nd and Panama ranks 133rd 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.
Individual pages
About this data
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.