Customs and other import duties (% of tax revenue) in Latvia
Latvia: Customs and other import duties (% of tax revenue) was 0.6% in 2004. ◆ Volatile
Customs and other import duties in Latvia, 1994–2004
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
In 2004, customs and other import duties in Latvia stood at 0.6%. That is the lowest value across all 11 years on record.
That represents a change of down 68.7% on the previous year and down 91.9% over ten years.
Over the whole period, customs and other import duties in Latvia peaked at 7.6% in 1994 and was at its lowest, 0.6%, in 2004.
Latvia ranks 126th of 151 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Customs and other import duties (% of tax revenue) in Latvia, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 1994 | 7.6% | — |
| 1995 | 4.5% | -40.9% |
| 1996 | 4.1% | -7.8% |
| 1997 | 3.6% | -13.3% |
| 1998 | 2.7% | -23.9% |
| 1999 | 2.3% | -15.9% |
| 2000 | 2.1% | -10.3% |
| 2001 | 2.0% | -1.9% |
| 2002 | 1.8% | -9.5% |
| 2003 | 2.0% | +8.0% |
| 2004 | 0.6% | -68.7% |
Latvia compared with similar countries
- Latvia's 0.6% is below the median for high income countries, which is 0.7%, 88% of the median. (54 countries reporting)
- Latvia's 0.6% is below the median for Europe & Central Asia, which is 0.7%, 94% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.1% | 2.3% | 7.6% | 6 |
| 2000s | 1.7% | 0.6% | 2.1% | 5 |
Countries ranked near Latvia
More public sector data for 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 0.6% 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 7.6% in 1994.
- What is the lowest customs and other import duties recorded in Latvia?
- The lowest recorded value was 0.6% in 2004.
- How does Latvia rank for customs and other import duties?
- Latvia ranks 126th out of 151 countries with data for 2004.
- Is customs and other import duties rising or falling in Latvia?
- Over the last ten years it is down 91.9%. The long-run trend across the full record is volatile.
- 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 (% of tax revenue). 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 as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.