Social contributions (% of revenue) in Latvia
Latvia: Social contributions (% of revenue) 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 21st 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 (% of revenue) 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% |
Latvia compared with similar countries
- Latvia's 31.7% is above the median for high income countries, which is 28.1%, 1.1× the median. (49 countries reporting)
- Latvia's 31.7% is above the median for Europe & Central Asia, which is 29.8%, 1.1× the median. (48 countries reporting)
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
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- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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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 21st 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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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.