Taxes on goods and services in Latvia
Latvia: Taxes on goods and services was 16.7% in 2024. ▲ Rising
Taxes on goods and services in Latvia, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Latvia is 16.7%, measured in 2024.
Compared with earlier readings it is up 3.0% on the previous year and up 5.4% over ten years.
Over the whole period, taxes on goods and services in Latvia peaked at 17.5% in 2022 and was at its lowest, 12.2%, in 2002.
Latvia ranks 17th of 154 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Taxes on goods and services in Latvia, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1995 | 14.5% | — |
| 1996 | 13.6% | -5.9% |
| 1997 | 14.3% | +5.0% |
| 1998 | 15.3% | +7.1% |
| 1999 | 14.5% | -5.2% |
| 2000 | 13.4% | -8.2% |
| 2001 | 12.8% | -4.3% |
| 2002 | 12.2% | -4.3% |
| 2003 | 13.1% | +7.2% |
| 2004 | 13.2% | +0.4% |
| 2005 | 14.2% | +8.0% |
| 2006 | 14.9% | +4.5% |
| 2007 | 14.2% | -4.5% |
| 2008 | 12.5% | -11.5% |
| 2009 | 12.6% | +0.3% |
| 2010 | 13.8% | +9.9% |
| 2011 | 14.8% | +6.7% |
| 2012 | 14.9% | +0.8% |
| 2013 | 15.4% | +3.4% |
| 2014 | 15.9% | +3.2% |
| 2015 | 16.0% | +1.1% |
| 2016 | 16.8% | +4.5% |
| 2017 | 16.8% | -0.0% |
| 2018 | 17.4% | +3.6% |
| 2019 | 17.2% | -1.1% |
| 2020 | 17.0% | -0.9% |
| 2021 | 16.7% | -1.7% |
| 2022 | 17.5% | +4.4% |
| 2023 | 16.2% | -7.2% |
| 2024 | 16.7% | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.5% | 13.6% | 15.3% | 5 |
| 2000s | 13.3% | 12.2% | 14.9% | 10 |
| 2010s | 15.9% | 13.8% | 17.4% | 10 |
| 2020s | 16.8% | 16.2% | 17.5% | 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 taxes on goods and services in Latvia?
- Taxes on goods and services in Latvia was 16.7% 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 17.5% in 2022.
- What is the lowest taxes on goods and services recorded in Latvia?
- The lowest recorded value was 12.2% in 2002.
- How does Latvia rank for taxes on goods and services?
- Latvia ranks 17th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Latvia?
- Over the last ten years it is up 5.4%. 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 (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.