Faroe Islands vs Latvia: Taxes less subsidies on products (current US$), annual growth rate
Faroe Islands
12.6 % change on previous year
in 2024
Latvia
12.94 % change on previous year
in 2025
Faroe Islands rank
66th
Latvia rank
63rd
Taxes less subsidies on products (current US$), annual growth rate over time
- Faroe Islands
- Latvia
How they compare
Latvia currently reports 12.94 % change on previous year against 12.6 % change on previous year in Faroe Islands, a difference of 0.34 % change on previous year.
The two have swapped places 10 times across 26 shared years of data; in 1999 it was Faroe Islands ahead.
Faroe Islands ranks 66th and Latvia ranks 63rd of 197 countries.
Across the 4 decades both report, Faroe Islands averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Faroe Islands | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.29 % change on previous year | -3.38 % change on previous year | 5.67 % change on previous year | Faroe Islands |
| 2000s | 7.62 % change on previous year | 14.21 % change on previous year | 6.6 % change on previous year | Latvia |
| 2010s | 2.2 % change on previous year | 5.72 % change on previous year | 3.51 % change on previous year | Latvia |
| 2020s | 6.3 % change on previous year | 4.97 % change on previous year | 1.33 % change on previous year | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes less subsidies on products (current us$), annual growth rate, Faroe Islands or Latvia?
- Latvia, at 12.94 % change on previous year against 12.6 % change on previous year in Faroe Islands as of 2025.
- What is the difference in taxes less subsidies on products (current us$), annual growth rate between Faroe Islands and Latvia?
- 0.34 % change on previous year, with Latvia ahead.
- How many years of comparable data are there for Faroe Islands and Latvia?
- 26 years are reported by both, from 1999 to 2024.
- How do Faroe Islands and Latvia rank globally for taxes less subsidies on products (current us$), annual growth rate?
- Faroe Islands ranks 66th and Latvia ranks 63rd of 197 countries.
- Where does this data come from?
- Statizoid (derived), published as Taxes less subsidies on products (current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.