Social contributions, Ratio of this level of government's revenue in Latvia
Latvia: Social contributions, Ratio of this level of government's revenue was 0.0601 in 2020. ◆ Volatile
Social contributions, Ratio of this level of government's revenue in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
In 2020, social contributions, ratio of this level of government's revenue in Latvia stood at 0.0601.
That represents a change of down 12.3% on the previous year and up 226.1% over ten years.
Over the whole period, social contributions, ratio of this level of government's revenue in Latvia peaked at 0.0685 in 2019 and was at its lowest, 0, in 1995.
Latvia ranks 35th of 77 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions, Ratio of this level of government's revenue in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0 | — |
| 1996 | 0 | — |
| 1997 | 0 | — |
| 1998 | 0 | — |
| 1999 | 0 | — |
| 2000 | 0 | — |
| 2001 | 0 | — |
| 2002 | 0 | — |
| 2003 | 0 | — |
| 2004 | 0 | — |
| 2005 | 0 | — |
| 2006 | 0 | — |
| 2007 | 0 | — |
| 2008 | 0.0339 | — |
| 2009 | 0.0264 | -22.1% |
| 2010 | 0.0184 | -30.3% |
| 2011 | 0.0132 | -28.6% |
| 2012 | 0.0176 | +33.8% |
| 2013 | 0.0216 | +22.7% |
| 2014 | 0.0258 | +19.2% |
| 2015 | 0.0278 | +7.9% |
| 2016 | 0.0289 | +3.7% |
| 2017 | 0.0292 | +1.1% |
| 2018 | 0.058 | +98.7% |
| 2019 | 0.0685 | +18.1% |
| 2020 | 0.0601 | -12.3% |
Latvia compared with similar countries
- Latvia's 0.0601 is below the median for high income countries, which is 0.0767, 78% of the median. (42 countries reporting)
- Latvia's 0.0601 is above the median for Europe & Central Asia, which is 0.0392, 1.5× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 | 0 | 0 | 5 |
| 2000s | 0.006 | 0 | 0.0339 | 10 |
| 2010s | 0.0309 | 0.0132 | 0.0685 | 10 |
| 2020s | 0.0601 | 0.0601 | 0.0601 | 1 |
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, ratio of this level of government's revenue in Latvia?
- Social contributions, ratio of this level of government's revenue in Latvia was 0.0601 in 2020, according to International Monetary Fund.
- What is the highest social contributions, ratio of this level of government's revenue recorded in Latvia?
- The highest recorded value was 0.0685 in 2019.
- What is the lowest social contributions, ratio of this level of government's revenue recorded in Latvia?
- The lowest recorded value was 0 in 1995.
- How does Latvia rank for social contributions, ratio of this level of government's revenue?
- Latvia ranks 35th out of 77 countries with data for 2020.
- Is social contributions, ratio of this level of government's revenue rising or falling in Latvia?
- Over the last ten years it is up 226.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Social contributions, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.