Taxes on goods and services (current LCU), per unit of GDP in Latvia
Latvia: Taxes on goods and services (current LCU), per unit of GDP was 0.1287 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Latvia, 1995–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Latvia recorded 0.1287 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2024.
Compared with earlier readings it is up 2.1% on the previous year and up 28.3% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Latvia peaked at 0.1365 current LCU per US$ of GDP in 2022 and was at its lowest, 0.0741 current LCU per US$ of GDP, in 2008.
Latvia ranks 118th 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.
Taxes on goods and services (current LCU), per unit of GDP in Latvia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.0817 current LCU per US$ of GDP | — |
| 1996 | 0.0872 current LCU per US$ of GDP | +6.8% |
| 1997 | 0.0987 current LCU per US$ of GDP | +13.2% |
| 1998 | 0.1081 current LCU per US$ of GDP | +9.6% |
| 1999 | 0.1031 current LCU per US$ of GDP | -4.7% |
| 2000 | 0.0976 current LCU per US$ of GDP | -5.4% |
| 2001 | 0.0973 current LCU per US$ of GDP | -0.3% |
| 2002 | 0.0916 current LCU per US$ of GDP | -5.9% |
| 2003 | 0.0906 current LCU per US$ of GDP | -1.1% |
| 2004 | 0.0859 current LCU per US$ of GDP | -5.2% |
| 2005 | 0.0965 current LCU per US$ of GDP | +12.4% |
| 2006 | 0.1 current LCU per US$ of GDP | +3.6% |
| 2007 | 0.0879 current LCU per US$ of GDP | -12.1% |
| 2008 | 0.0741 current LCU per US$ of GDP | -15.7% |
| 2009 | 0.0782 current LCU per US$ of GDP | +5.4% |
| 2010 | 0.0883 current LCU per US$ of GDP | +12.9% |
| 2011 | 0.0895 current LCU per US$ of GDP | +1.3% |
| 2012 | 0.0978 current LCU per US$ of GDP | +9.3% |
| 2013 | 0.0977 current LCU per US$ of GDP | -0.1% |
| 2014 | 0.1003 current LCU per US$ of GDP | +2.6% |
| 2015 | 0.1214 current LCU per US$ of GDP | +21.0% |
| 2016 | 0.1266 current LCU per US$ of GDP | +4.3% |
| 2017 | 0.1235 current LCU per US$ of GDP | -2.5% |
| 2018 | 0.1215 current LCU per US$ of GDP | -1.6% |
| 2019 | 0.1269 current LCU per US$ of GDP | +4.5% |
| 2020 | 0.1233 current LCU per US$ of GDP | -2.8% |
| 2021 | 0.1171 current LCU per US$ of GDP | -5.1% |
| 2022 | 0.1365 current LCU per US$ of GDP | +16.6% |
| 2023 | 0.1261 current LCU per US$ of GDP | -7.7% |
| 2024 | 0.1287 current LCU per US$ of GDP | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0958 current LCU per US$ of GDP | 0.0817 current LCU per US$ of GDP | 0.1081 current LCU per US$ of GDP | 5 |
| 2000s | 0.09 current LCU per US$ of GDP | 0.0741 current LCU per US$ of GDP | 0.1 current LCU per US$ of GDP | 10 |
| 2010s | 0.1093 current LCU per US$ of GDP | 0.0883 current LCU per US$ of GDP | 0.1269 current LCU per US$ of GDP | 10 |
| 2020s | 0.1263 current LCU per US$ of GDP | 0.1171 current LCU per US$ of GDP | 0.1365 current LCU per US$ of GDP | 5 |
Countries ranked near Latvia
- 115 Tunisia 0.1464 current LCU per US$ of GDP compare
- 116 Greece 0.1456 current LCU per US$ of GDP compare
- 117 Bulgaria 0.1322 current LCU per US$ of GDP compare
- 119 Estonia 0.1269 current LCU per US$ of GDP compare
- 120 Finland 0.1241 current LCU per US$ of GDP compare
- 121 Slovenia 0.1175 current LCU per US$ of GDP compare
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 taxes on goods and services (current lcu), per unit of gdp in Latvia?
- Taxes on goods and services (current lcu), per unit of gdp in Latvia was 0.1287 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.1365 current LCU per US$ of GDP in 2022.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.0741 current LCU per US$ of GDP in 2008.
- How does Latvia rank for taxes on goods and services (current lcu), per unit of gdp?
- Latvia ranks 118th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 28.3%. 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 Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services 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
Taxes on goods and services (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.