Social contributions in Latvia
Latvia: Social contributions was 31.7% in 2024. ▼ Falling
Social contributions in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for social contributions in Latvia is 31.7%, measured in 2024.
That represents a change of up 1.4% on the previous year and up 9.7% over ten years.
Over the whole period, social contributions in Latvia peaked at 39.0% in 1996 and was at its lowest, 28.2%, in 2016.
Latvia ranks 20th of 112 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Social contributions in Latvia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1994 | 34.4% | — |
| 1995 | 38.9% | +12.9% |
| 1996 | 39.0% | +0.3% |
| 1997 | 33.8% | -13.4% |
| 1998 | 33.0% | -2.2% |
| 1999 | 35.3% | +7.0% |
| 2000 | 36.1% | +2.3% |
| 2001 | 35.3% | -2.3% |
| 2002 | 35.1% | -0.6% |
| 2003 | 33.6% | -4.4% |
| 2004 | 31.5% | -6.0% |
| 2005 | 29.8% | -5.6% |
| 2006 | 28.9% | -3.0% |
| 2007 | 30.0% | +3.7% |
| 2008 | 31.0% | +3.6% |
| 2009 | 33.3% | +7.4% |
| 2010 | 29.5% | -11.4% |
| 2011 | 29.7% | +0.4% |
| 2012 | 29.4% | -0.9% |
| 2013 | 29.1% | -0.9% |
| 2014 | 28.9% | -0.7% |
| 2015 | 28.7% | -0.7% |
| 2016 | 28.2% | -1.7% |
| 2017 | 28.9% | +2.4% |
| 2018 | 30.8% | +6.6% |
| 2019 | 32.4% | +5.0% |
| 2020 | 32.1% | -1.0% |
| 2021 | 31.6% | -1.4% |
| 2022 | 32.1% | +1.4% |
| 2023 | 31.3% | -2.5% |
| 2024 | 31.7% | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35.8% | 33.0% | 39.0% | 6 |
| 2000s | 32.5% | 28.9% | 36.1% | 10 |
| 2010s | 29.6% | 28.2% | 32.4% | 10 |
| 2020s | 31.7% | 31.3% | 32.1% | 5 |
Countries ranked near Latvia
More public sector data for Latvia
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.36 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -76.19 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 763.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0324 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.43 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 674.92 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is social contributions in Latvia?
- Social contributions in Latvia was 31.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Latvia?
- The highest recorded value was 39.0% in 1996.
- What is the lowest social contributions recorded in Latvia?
- The lowest recorded value was 28.2% in 2016.
- How does Latvia rank for social contributions?
- Latvia ranks 20th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Latvia?
- Over the last ten years it is up 9.7%. 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 Social contributions (% of revenue). Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.