Latvia vs Sweden: Taxes on income, profits and capital gains
Latvia
20.8%
in 2024
Sweden
22.0%
in 2024
Latvia rank
136th
Sweden rank
133rd
Taxes on income, profits and capital gains over time
- Latvia
- Sweden
How they compare
Sweden currently reports 22.0% against 20.8% in Latvia, a difference of 1.2%.
That makes Sweden's figure about 1.1 times Latvia's.
The two have swapped places 9 times across 31 shared years of data; in 1994 it was Latvia ahead.
Latvia ranks 136th and Sweden ranks 133rd of 153 countries.
Across the 4 decades both report, Latvia averaged higher in 2 and Sweden in 2.
Head to head by decade
| Decade | Latvia | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 19.7% | 16.6% | 3.0% | Latvia |
| 2000s | 22.9% | 19.3% | 3.6% | Latvia |
| 2010s | 16.4% | 18.5% | 2.1% | Sweden |
| 2020s | 16.6% | 20.6% | 4.0% | Sweden |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Latvia or Sweden?
- Sweden, at 22.0% against 20.8% in Latvia as of 2024.
- What is the difference in taxes on income, profits and capital gains between Latvia and Sweden?
- 1.2%, with Sweden ahead.
- How many years of comparable data are there for Latvia and Sweden?
- 31 years are reported by both, from 1994 to 2024.
- How do Latvia and Sweden rank globally for taxes on income, profits and capital gains?
- Latvia ranks 136th and Sweden ranks 133rd 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.