Taxes on property, Ratio of this level of government's revenue from in Latvia
Latvia: Taxes on property, Ratio of this level of government's revenue from was 0.0255 in 2020. ◆ Volatile
Taxes on property, Ratio of this level of government's revenue from in Latvia, 1995–2020
Source: International Monetary Fund.
Analysis
Latvia recorded 0.0255 for taxes on property, ratio of this level of government's revenue from in 2020.
Compared with earlier readings it is down 13.1% on the previous year and down 88.4% over ten years.
Over the whole period, taxes on property, ratio of this level of government's revenue from in Latvia peaked at 0.2363 in 2006 and was at its lowest, 0, in 1995.
Latvia ranks 42nd of 78 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on property, Ratio of this level of government's revenue from in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0 | — |
| 1996 | 0 | — |
| 1997 | 0 | — |
| 1998 | 0 | — |
| 1999 | 0 | — |
| 2000 | 0.1561 | — |
| 2001 | 0.1582 | +1.3% |
| 2002 | 0.2035 | +28.6% |
| 2003 | 0.2126 | +4.5% |
| 2004 | 0.2135 | +0.4% |
| 2005 | 0.2311 | +8.2% |
| 2006 | 0.2363 | +2.2% |
| 2007 | 0.1506 | -36.3% |
| 2008 | 0.1836 | +21.9% |
| 2009 | 0.1738 | -5.4% |
| 2010 | 0.2198 | +26.5% |
| 2011 | 0.0271 | -87.7% |
| 2012 | 0.013 | -52.1% |
| 2013 | 0.0128 | -1.7% |
| 2014 | 0.0162 | +27.0% |
| 2015 | 0.028 | +72.9% |
| 2016 | 0.0244 | -12.8% |
| 2017 | 0.0202 | -17.5% |
| 2018 | 0.0241 | +19.7% |
| 2019 | 0.0294 | +21.7% |
| 2020 | 0.0255 | -13.1% |
Latvia compared with similar countries
- Latvia's 0.0255 is below the median for high income countries, which is 0.0531, 48% of the median. (42 countries reporting)
- Latvia's 0.0255 is below the median for Europe & Central Asia, which is 0.0349, 73% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 | 0 | 0 | 5 |
| 2000s | 0.1919 | 0.1506 | 0.2363 | 10 |
| 2010s | 0.0415 | 0.0128 | 0.2198 | 10 |
| 2020s | 0.0255 | 0.0255 | 0.0255 | 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)
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- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
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Frequently asked questions
- What is taxes on property, ratio of this level of government's revenue from in Latvia?
- Taxes on property, ratio of this level of government's revenue from in Latvia was 0.0255 in 2020, according to International Monetary Fund.
- What is the highest taxes on property, ratio of this level of government's revenue from recorded in Latvia?
- The highest recorded value was 0.2363 in 2006.
- What is the lowest taxes on property, ratio of this level of government's revenue from recorded in Latvia?
- The lowest recorded value was 0 in 1995.
- How does Latvia rank for taxes on property, ratio of this level of government's revenue from?
- Latvia ranks 42nd out of 78 countries with data for 2020.
- Is taxes on property, ratio of this level of government's revenue from rising or falling in Latvia?
- Over the last ten years it is down 88.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Taxes on property, 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.