Tax revenue (% of GDP) in Latvia
Latvia: Tax revenue (% of GDP) was 17.6% in 2024. ▲ Rising
Tax revenue in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in Latvia is 17.6%, measured in 2024. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 6.1% on the previous year and up 9.1% over ten years.
Over the whole period, tax revenue in Latvia peaked at 17.6% in 2024 and was at its lowest, 10.1%, in 1994.
That places Latvia 70th out of 157 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Tax revenue (% of GDP) in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 10.1% | — |
| 1995 | 14.0% | +39.3% |
| 1996 | 13.5% | -3.7% |
| 1997 | 16.1% | +19.0% |
| 1998 | 17.1% | +6.3% |
| 1999 | 16.4% | -4.1% |
| 2000 | 14.9% | -8.9% |
| 2001 | 14.8% | -0.7% |
| 2002 | 14.5% | -2.2% |
| 2003 | 14.9% | +2.5% |
| 2004 | 14.9% | +0.3% |
| 2005 | 15.7% | +5.3% |
| 2006 | 16.4% | +4.5% |
| 2007 | 16.0% | -2.4% |
| 2008 | 15.3% | -4.4% |
| 2009 | 13.6% | -11.5% |
| 2010 | 14.2% | +4.5% |
| 2011 | 15.0% | +6.2% |
| 2012 | 15.4% | +2.7% |
| 2013 | 15.9% | +3.0% |
| 2014 | 16.2% | +1.7% |
| 2015 | 16.4% | +1.2% |
| 2016 | 17.2% | +5.2% |
| 2017 | 17.2% | -0.1% |
| 2018 | 16.2% | -5.9% |
| 2019 | 16.2% | +0.0% |
| 2020 | 16.3% | +0.5% |
| 2021 | 16.4% | +1.0% |
| 2022 | 17.1% | +4.2% |
| 2023 | 16.6% | -3.0% |
| 2024 | 17.6% | +6.1% |
Latvia compared with similar countries
- Latvia's 17.6% is below the median for high income countries, which is 20.7%, 85% of the median. (57 countries reporting)
- Latvia's 17.6% is below the median for Europe & Central Asia, which is 20.8%, 85% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Tax revenue (% of GDP) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +39.3% | 10.1% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.5% | 10.1% | 17.1% | 6 |
| 2000s | 15.1% | 13.6% | 16.4% | 10 |
| 2010s | 16.0% | 14.2% | 17.2% | 10 |
| 2020s | 16.8% | 16.3% | 17.6% | 5 |
Countries ranked near Latvia
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 in Latvia?
- Tax revenue in Latvia was 17.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Latvia?
- The highest recorded value was 17.6% in 2024.
- What is the lowest tax revenue recorded in Latvia?
- The lowest recorded value was 10.1% in 1994.
- How does Latvia rank for tax revenue?
- Latvia ranks 70th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Latvia?
- Over the last ten years it is up 9.1%. The long-run trend across the full record is rising.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.