Customs and other import duties (current LCU) in Latvia
Latvia: Customs and other import duties (current LCU) was 9.77 million current LCU in 2004. ▼ Falling
Customs and other import duties in Latvia, 1994–2004
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Latvia recorded 9.77 million current LCU for customs and other import duties in 2004. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 63.5% on the previous year and down 58.3% over ten years.
Over the whole period, customs and other import duties in Latvia peaked at 30.15 million current LCU in 1997 and was at its lowest, 9.77 million current LCU, in 2004.
That places Latvia 133rd out of 152 countries with data for 2004, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Customs and other import duties (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 23.41 million current LCU | — |
| 1995 | 24.68 million current LCU | +5.4% |
| 1996 | 25.31 million current LCU | +2.6% |
| 1997 | 30.15 million current LCU | +19.1% |
| 1998 | 27.20 million current LCU | -9.8% |
| 1999 | 22.84 million current LCU | -16.0% |
| 2000 | 20.51 million current LCU | -10.2% |
| 2001 | 21.83 million current LCU | +6.4% |
| 2002 | 21.47 million current LCU | -1.6% |
| 2003 | 26.72 million current LCU | +24.5% |
| 2004 | 9.77 million current LCU | -63.5% |
Latvia compared with similar countries
- Latvia's 9.77 million current LCU is below the median for high income countries, which is 83.80 million current LCU, 12% of the median. (54 countries reporting)
- Latvia's 9.77 million current LCU is below the median for Europe & Central Asia, which is 138.90 million current LCU, 7% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.60 million current LCU | 22.84 million current LCU | 30.15 million current LCU | 6 |
| 2000s | 20.06 million current LCU | 9.77 million current LCU | 26.72 million current LCU | 5 |
Countries ranked near Latvia
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Frequently asked questions
- What is customs and other import duties in Latvia?
- Customs and other import duties in Latvia was 9.77 million current LCU in 2004, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Latvia?
- The highest recorded value was 30.15 million current LCU in 1997.
- What is the lowest customs and other import duties recorded in Latvia?
- The lowest recorded value was 9.77 million current LCU in 2004.
- How does Latvia rank for customs and other import duties?
- Latvia ranks 133rd out of 152 countries with data for 2004.
- Is customs and other import duties rising or falling in Latvia?
- Over the last ten years it is down 58.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. 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.