Latvia vs Micronesia (country): Taxes on income, profits and capital gains
Latvia
10.3%
in 2024
Micronesia (country)
10.9%
in 2020
Latvia rank
131st
Micronesia (country) rank
130th
Taxes on income, profits and capital gains over time
- Latvia
- Micronesia (country)
How they compare
Micronesia (country) currently reports 10.9% against 10.3% in Latvia, a difference of 0.6%.
That makes Micronesia (country)'s figure about 1.1 times Latvia's.
The two have swapped places 3 times across 13 shared years of data; in 2008 it was Latvia ahead.
Latvia ranks 131st and Micronesia (country) ranks 130th of 153 countries.
Across the 3 decades both report, Latvia averaged higher in 1 and Micronesia (country) in 2.
Head to head by decade
| Decade | Latvia | Micronesia (country) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.2% | 4.9% | 7.3% | Latvia |
| 2010s | 8.5% | 16.2% | 7.7% | Micronesia (country) |
| 2020s | 6.4% | 10.9% | 4.5% | Micronesia (country) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Latvia or Micronesia (country)?
- Micronesia (country), at 10.9% against 10.3% in Latvia as of 2020.
- What is the difference in taxes on income, profits and capital gains between Latvia and Micronesia (country)?
- 0.6%, with Micronesia (country) ahead.
- How many years of comparable data are there for Latvia and Micronesia (country)?
- 13 years are reported by both, from 2008 to 2020.
- How do Latvia and Micronesia (country) rank globally for taxes on income, profits and capital gains?
- Latvia ranks 131st and Micronesia (country) ranks 130th of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.