Tax revenue in Latvia
Latvia: Tax revenue 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 71st 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 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% |
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
- 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 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 71st 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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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.