Taxes on income, profits, and capital gains, Ratio of this level of in Latvia
Latvia: Taxes on income, profits, and capital gains, Ratio of this level of was 0.288 in 2020. ▼ Falling
Taxes on income, profits, and capital gains, Ratio of this level of in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
Latvia recorded 0.288 for taxes on income, profits, and capital gains, ratio of this level of in 2020.
The figure is up 33.3% on the previous year and down 6.3% over ten years.
Over the whole period, taxes on income, profits, and capital gains, ratio of this level of in Latvia peaked at 0.4834 in 1998 and was at its lowest, 0.216, in 2019.
Latvia ranks 76th of 80 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Taxes on income, profits, and capital gains, Ratio of this level of in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.2552 | — |
| 1996 | 0.2628 | +3.0% |
| 1997 | 0.4763 | +81.2% |
| 1998 | 0.4834 | +1.5% |
| 1999 | 0.4755 | -1.6% |
| 2000 | 0.4381 | -7.9% |
| 2001 | 0.462 | +5.5% |
| 2002 | 0.472 | +2.2% |
| 2003 | 0.4277 | -9.4% |
| 2004 | 0.4434 | +3.7% |
| 2005 | 0.4571 | +3.1% |
| 2006 | 0.4515 | -1.2% |
| 2007 | 0.45 | -0.3% |
| 2008 | 0.4659 | +3.5% |
| 2009 | 0.3611 | -22.5% |
| 2010 | 0.3072 | -14.9% |
| 2011 | 0.3431 | +11.7% |
| 2012 | 0.3734 | +8.8% |
| 2013 | 0.3762 | +0.7% |
| 2014 | 0.3639 | -3.3% |
| 2015 | 0.3695 | +1.5% |
| 2016 | 0.385 | +4.2% |
| 2017 | 0.3778 | -1.9% |
| 2018 | 0.3172 | -16.0% |
| 2019 | 0.216 | -31.9% |
| 2020 | 0.288 | +33.3% |
Latvia compared with similar countries
- Latvia's 0.288 is below the median for high income countries, which is 0.8985, 32% of the median. (42 countries reporting)
- Latvia's 0.288 is below the median for Europe & Central Asia, which is 0.877, 33% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits, and capital gains, Ratio of this level of in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +81.2% | 0.2628 | 0.4763 |
| 2019 | -31.9% | 0.3172 | 0.216 |
| 2020 | +33.3% | 0.216 | 0.288 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3906 | 0.2552 | 0.4834 | 5 |
| 2000s | 0.4429 | 0.3611 | 0.472 | 10 |
| 2010s | 0.3429 | 0.216 | 0.385 | 10 |
| 2020s | 0.288 | 0.288 | 0.288 | 1 |
Countries ranked near Latvia
More public sector data for Latvia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits, and capital gains, ratio of this level of in Latvia?
- Taxes on income, profits, and capital gains, ratio of this level of in Latvia was 0.288 in 2020, according to International Monetary Fund.
- What is the highest taxes on income, profits, and capital gains, ratio of this level of recorded in Latvia?
- The highest recorded value was 0.4834 in 1998.
- What is the lowest taxes on income, profits, and capital gains, ratio of this level of recorded in Latvia?
- The lowest recorded value was 0.216 in 2019.
- How does Latvia rank for taxes on income, profits, and capital gains, ratio of this level of?
- Latvia ranks 76th out of 80 countries with data for 2020.
- Is taxes on income, profits, and capital gains, ratio of this level of rising or falling in Latvia?
- Over the last ten years it is down 6.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Taxes on income, profits, and capital gains, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.