Taxes on income, profits and capital gains in Latvia
Latvia: Taxes on income, profits and capital gains was 1.49 billion current LCU in 2024. ◆ Volatile
Taxes on income, profits and capital gains in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on income, profits and capital gains in Latvia stood at 1.49 billion current LCU. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 28.0% on the previous year and up 133.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Latvia peaked at 1.49 billion current LCU in 2024 and was at its lowest, 67.65 million current LCU, in 1995.
Latvia ranks 132nd of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 81.80 million current LCU | — |
| 1995 | 67.65 million current LCU | -17.3% |
| 1996 | 81.52 million current LCU | +20.5% |
| 1997 | 185.74 million current LCU | +127.9% |
| 1998 | 217.95 million current LCU | +17.3% |
| 1999 | 221.24 million current LCU | +1.5% |
| 2000 | 210.50 million current LCU | -4.9% |
| 2001 | 253.54 million current LCU | +20.4% |
| 2002 | 293.58 million current LCU | +15.8% |
| 2003 | 285.66 million current LCU | -2.7% |
| 2004 | 360.98 million current LCU | +26.4% |
| 2005 | 453.27 million current LCU | +25.6% |
| 2006 | 596.58 million current LCU | +31.6% |
| 2007 | 835.52 million current LCU | +40.1% |
| 2008 | 1.02 billion current LCU | +21.9% |
| 2009 | 470.21 million current LCU | -53.8% |
| 2010 | 396.84 million current LCU | -15.6% |
| 2011 | 487.69 million current LCU | +22.9% |
| 2012 | 602.04 million current LCU | +23.4% |
| 2013 | 635.68 million current LCU | +5.6% |
| 2014 | 640.85 million current LCU | +0.8% |
| 2015 | 677.41 million current LCU | +5.7% |
| 2016 | 774.48 million current LCU | +14.3% |
| 2017 | 832.85 million current LCU | +7.5% |
| 2018 | 505.71 million current LCU | -39.3% |
| 2019 | 570.21 million current LCU | +12.8% |
| 2020 | 623.01 million current LCU | +9.3% |
| 2021 | 816.86 million current LCU | +31.1% |
| 2022 | 977.50 million current LCU | +19.7% |
| 2023 | 1.17 billion current LCU | +19.4% |
| 2024 | 1.49 billion current LCU | +28.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 142.65 million current LCU | 67.65 million current LCU | 221.24 million current LCU | 6 |
| 2000s | 477.80 million current LCU | 210.50 million current LCU | 1.02 billion current LCU | 10 |
| 2010s | 612.38 million current LCU | 396.84 million current LCU | 832.85 million current LCU | 10 |
| 2020s | 1.02 billion current LCU | 623.01 million current LCU | 1.49 billion current LCU | 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 income, profits and capital gains in Latvia?
- Taxes on income, profits and capital gains in Latvia was 1.49 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Latvia?
- The highest recorded value was 1.49 billion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Latvia?
- The lowest recorded value was 67.65 million current LCU in 1995.
- How does Latvia rank for taxes on income, profits and capital gains?
- Latvia ranks 132nd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Latvia?
- Over the last ten years it is up 133.1%. 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.