Taxes on goods and services in Latvia
Latvia: Taxes on goods and services was 5.66 billion current LCU in 2024. β Volatile
Taxes on goods and services in Latvia, 1994β2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on goods and services in Latvia stood at 5.66 billion current LCU. That is the highest value across all 31 years on record.
That represents a change of up 5.0% on the previous year and up 86.5% over ten years.
Over the whole period, taxes on goods and services in Latvia peaked at 5.66 billion current LCU in 2024 and was at its lowest, 203.87 million current LCU, in 1994.
Latvia ranks 126th of 157 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 550.69 million current LCU | 203.87 million current LCU | 755.22 million current LCU | 6 |
| 2000s | 1.54 billion current LCU | 757.31 million current LCU | 2.59 billion current LCU | 10 |
| 2010s | 3.15 billion current LCU | 2.07 billion current LCU | 4.20 billion current LCU | 10 |
| 2020s | 4.97 billion current LCU | 4.12 billion current LCU | 5.66 billion current LCU | 5 |
Countries ranked near Latvia
More public sector data for Latvia
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- Tax revenue 17.6% (2024)
- Taxes on income, profits and capital gains 10.3% (2024)
- Taxes on goods and services 38.9% (2024)
- Net investment in nonfinancial assets 5.1% (2024)
- Net lending (+) / net borrowing (-) -2.0% (2024)
- Interest payments 2.7% (2024)
- Grants and other revenue 19.0% (2024)
- Interest payments 1.9% (2023)
- Other taxes 0.1% (2024)
Frequently asked questions
- What is taxes on goods and services in Latvia?
- Taxes on goods and services in Latvia was 5.66 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Latvia?
- The highest recorded value was 5.66 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Latvia?
- The lowest recorded value was 203.87 million current LCU in 1994.
- How does Latvia rank for taxes on goods and services?
- Latvia ranks 126th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Latvia?
- Over the last ten years it is up 86.5%. The long-run trend across the full record is volatile.
- 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.