Taxes on goods and services in Latvia
Latvia: Taxes on goods and services was 38.9% in 2024. ▲ Rising
Taxes on goods and services in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Latvia recorded 38.9% for taxes on goods and services in 2024.
Compared with earlier readings it is down 2.8% on the previous year and down 9.6% over ten years.
Over the whole period, taxes on goods and services in Latvia peaked at 45.4% in 2018 and was at its lowest, 37.3%, in 2009.
That places Latvia 45th out of 156 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.
Taxes on goods and services in Latvia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1994 | 38.9% | — |
| 1995 | 39.9% | +2.5% |
| 1996 | 40.8% | +2.3% |
| 1997 | 38.3% | -6.0% |
| 1998 | 40.8% | +6.4% |
| 1999 | 40.3% | -1.2% |
| 2000 | 40.2% | -0.4% |
| 2001 | 40.7% | +1.3% |
| 2002 | 38.5% | -5.4% |
| 2003 | 41.5% | +8.0% |
| 2004 | 40.0% | -3.6% |
| 2005 | 42.4% | +5.9% |
| 2006 | 41.7% | -1.6% |
| 2007 | 42.5% | +1.8% |
| 2008 | 38.8% | -8.6% |
| 2009 | 37.3% | -3.9% |
| 2010 | 38.6% | +3.6% |
| 2011 | 39.4% | +2.0% |
| 2012 | 40.2% | +2.0% |
| 2013 | 41.9% | +4.3% |
| 2014 | 43.0% | +2.7% |
| 2015 | 43.8% | +1.9% |
| 2016 | 45.4% | +3.6% |
| 2017 | 45.0% | -1.0% |
| 2018 | 45.4% | +1.1% |
| 2019 | 44.9% | -1.2% |
| 2020 | 42.5% | -5.3% |
| 2021 | 42.8% | +0.7% |
| 2022 | 44.6% | +4.1% |
| 2023 | 40.0% | -10.2% |
| 2024 | 38.9% | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39.8% | 38.3% | 40.8% | 6 |
| 2000s | 40.4% | 37.3% | 42.5% | 10 |
| 2010s | 42.8% | 38.6% | 45.4% | 10 |
| 2020s | 41.8% | 38.9% | 44.6% | 5 |
Countries ranked near Latvia
- 42 Kyrgyzstan 39.6% compare
- 43 Mali 39.3% compare
- 44 Vanuatu 39.0% compare
- 46 North Macedonia 38.3% compare
- 47 Nepal 38.0% compare
- 48 Tanzania, United Republic of 37.5% 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 in Latvia?
- Taxes on goods and services in Latvia was 38.9% 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 45.4% in 2018.
- What is the lowest taxes on goods and services recorded in Latvia?
- The lowest recorded value was 37.3% in 2009.
- How does Latvia rank for taxes on goods and services?
- Latvia ranks 45th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Latvia?
- Over the last ten years it is down 9.6%. 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 Taxes on goods and services (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.