Latvia vs Mongolia: Taxes on incomes of individuals and corporations as share of GDP
Latvia
7.6%
in 2023
Mongolia
7.5%
in 2022
Latvia rank
66th
Mongolia rank
67th
Taxes on incomes of individuals and corporations as share of GDP over time
- Latvia
- Mongolia
How they compare
Latvia currently reports 7.6% against 7.5% in Mongolia, a difference of 0.1%.
The two have swapped places 6 times across 26 shared years of data; in 1995 it was Mongolia ahead.
Latvia ranks 66th and Mongolia ranks 67th of 184 countries.
Across the 4 decades both report, Latvia averaged higher in 3 and Mongolia in 1.
Head to head by decade
| Decade | Latvia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.1% | 5.7% | 1.4% | Latvia |
| 2000s | 7.4% | 6.4% | 1.0% | Latvia |
| 2010s | 7.4% | 6.2% | 1.2% | Latvia |
| 2020s | 6.8% | 7.2% | 0.4% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on incomes of individuals and corporations as share of gdp, Latvia or Mongolia?
- Latvia, at 7.6% against 7.5% in Mongolia as of 2023.
- What is the difference in taxes on incomes of individuals and corporations as share of gdp between Latvia and Mongolia?
- 0.1%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Mongolia?
- 26 years are reported by both, from 1995 to 2022.
- How do Latvia and Mongolia rank globally for taxes on incomes of individuals and corporations as share of gdp?
- Latvia ranks 66th and Mongolia ranks 67th of 184 countries.
- Where does this data come from?
- UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as Taxes on incomes of individuals and corporations as share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.