Tax revenue (current LCU), per unit of GDP in Latvia
Latvia: Tax revenue (current LCU), per unit of GDP was 0.163 current LCU per US$ of GDP in 2024. ▲ Rising
Tax revenue (current LCU), per unit of GDP in Latvia, 1995–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Latvia recorded 0.163 current LCU per US$ of GDP for tax revenue (current lcu), per unit of gdp in 2024. That is the highest value across all 30 years on record.
That represents a change of up 6.0% on the previous year and up 33.9% over ten years.
Over the whole period, tax revenue (current lcu), per unit of gdp in Latvia peaked at 0.163 current LCU per US$ of GDP in 2024 and was at its lowest, 0.0975 current LCU per US$ of GDP, in 2009.
Latvia ranks 143rd of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Tax revenue (current LCU), per unit of GDP in Latvia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.0984 current LCU per US$ of GDP | — |
| 1996 | 0.1059 current LCU per US$ of GDP | +7.6% |
| 1997 | 0.1329 current LCU per US$ of GDP | +25.5% |
| 1998 | 0.1434 current LCU per US$ of GDP | +7.9% |
| 1999 | 0.1364 current LCU per US$ of GDP | -4.9% |
| 2000 | 0.1288 current LCU per US$ of GDP | -5.6% |
| 2001 | 0.1324 current LCU per US$ of GDP | +2.8% |
| 2002 | 0.1275 current LCU per US$ of GDP | -3.7% |
| 2003 | 0.1209 current LCU per US$ of GDP | -5.2% |
| 2004 | 0.1147 current LCU per US$ of GDP | -5.1% |
| 2005 | 0.1262 current LCU per US$ of GDP | +10.1% |
| 2006 | 0.1309 current LCU per US$ of GDP | +3.7% |
| 2007 | 0.1171 current LCU per US$ of GDP | -10.5% |
| 2008 | 0.1048 current LCU per US$ of GDP | -10.5% |
| 2009 | 0.0975 current LCU per US$ of GDP | -6.9% |
| 2010 | 0.1069 current LCU per US$ of GDP | +9.7% |
| 2011 | 0.1082 current LCU per US$ of GDP | +1.1% |
| 2012 | 0.1202 current LCU per US$ of GDP | +11.2% |
| 2013 | 0.1198 current LCU per US$ of GDP | -0.4% |
| 2014 | 0.1217 current LCU per US$ of GDP | +1.6% |
| 2015 | 0.1476 current LCU per US$ of GDP | +21.2% |
| 2016 | 0.1557 current LCU per US$ of GDP | +5.5% |
| 2017 | 0.1523 current LCU per US$ of GDP | -2.2% |
| 2018 | 0.1372 current LCU per US$ of GDP | -9.9% |
| 2019 | 0.1447 current LCU per US$ of GDP | +5.5% |
| 2020 | 0.1425 current LCU per US$ of GDP | -1.5% |
| 2021 | 0.1391 current LCU per US$ of GDP | -2.4% |
| 2022 | 0.1628 current LCU per US$ of GDP | +17.1% |
| 2023 | 0.1538 current LCU per US$ of GDP | -5.5% |
| 2024 | 0.163 current LCU per US$ of GDP | +6.0% |
Latvia compared with similar countries
- Latvia's 0.163 current LCU per US$ of GDP is below the median for high income countries, which is 0.2335 current LCU per US$ of GDP, 70% of the median. (57 countries reporting)
- Latvia's 0.163 current LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.2793 current LCU per US$ of GDP, 58% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1234 current LCU per US$ of GDP | 0.0984 current LCU per US$ of GDP | 0.1434 current LCU per US$ of GDP | 5 |
| 2000s | 0.1201 current LCU per US$ of GDP | 0.0975 current LCU per US$ of GDP | 0.1324 current LCU per US$ of GDP | 10 |
| 2010s | 0.1314 current LCU per US$ of GDP | 0.1069 current LCU per US$ of GDP | 0.1557 current LCU per US$ of GDP | 10 |
| 2020s | 0.1522 current LCU per US$ of GDP | 0.1391 current LCU per US$ of GDP | 0.163 current LCU per US$ of GDP | 5 |
Countries ranked near Latvia
- 140 Bahamas 0.1728 current LCU per US$ of GDP compare
- 141 Marshall Islands 0.1716 current LCU per US$ of GDP compare
- 142 Ireland 0.1658 current LCU per US$ of GDP compare
- 144 San Marino 0.1597 current LCU per US$ of GDP compare
- 145 Andorra 0.1438 current LCU per US$ of GDP compare
- 146 Spain 0.138 current LCU per US$ of GDP compare
More public sector data for Latvia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- 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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 19.00 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)
Frequently asked questions
- What is tax revenue (current lcu), per unit of gdp in Latvia?
- Tax revenue (current lcu), per unit of gdp in Latvia was 0.163 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.163 current LCU per US$ of GDP in 2024.
- What is the lowest tax revenue (current lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.0975 current LCU per US$ of GDP in 2009.
- How does Latvia rank for tax revenue (current lcu), per unit of gdp?
- Latvia ranks 143rd out of 157 countries with data for 2024.
- Is tax revenue (current lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 33.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Tax revenue (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Tax revenue (current LCU) ÷ GDP (current US$)
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.