Effect of taxes and social transfers on income quintile share ratio in Latvia
Latvia: Effect of taxes and social transfers on income quintile share ratio was 2.9 Ratio in 2025. ▼ Falling
Latest (2025)
2.9 Ratio
Change on year
down 6.5%
World rank
22nd
of 45 countries
All-time high
4.7 Ratio
in 2011
All-time low
2.7 Ratio
in 2022
Years of data
16
2010–2025
Effect of taxes and social transfers on income quintile share ratio in Latvia, 2010–2025
Source: Eurostat. Measured in Ratio.
Analysis
The most recent figure for effect of taxes and social transfers on income quintile share ratio in Latvia is 2.9 Ratio, measured in 2025.
Compared with earlier readings it is down 6.5% on the previous year and down 3.3% over ten years.
Over the whole period, effect of taxes and social transfers on income quintile share ratio in Latvia peaked at 4.7 Ratio in 2011 and was at its lowest, 2.7 Ratio, in 2022.
Latvia ranks 22nd of 45 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Effect of taxes and social transfers on income quintile share ratio in Latvia, year by year
| Year | Ratio | Change |
|---|---|---|
| 2010 | 4.2 Ratio | — |
| 2011 | 4.7 Ratio | +11.9% |
| 2012 | 4 Ratio | -14.9% |
| 2013 | 3.9 Ratio | -2.5% |
| 2014 | 3.5 Ratio | -10.3% |
| 2015 | 3 Ratio | -14.3% |
| 2016 | 2.8 Ratio | -6.7% |
| 2017 | 2.8 Ratio | +0.0% |
| 2018 | 3.3 Ratio | +17.9% |
| 2019 | 3 Ratio | -9.1% |
| 2020 | 2.8 Ratio | -6.7% |
| 2021 | 3.1 Ratio | +10.7% |
| 2022 | 2.7 Ratio | -12.9% |
| 2023 | 2.8 Ratio | +3.7% |
| 2024 | 3.1 Ratio | +10.7% |
| 2025 | 2.9 Ratio | -6.5% |
Latvia compared with similar countries
- Latvia's 2.9 Ratio is below the median for Europe & Central Asia, which is 3.05 Ratio, 95% of the median. (34 countries reporting)
- Latvia's 2.9 Ratio is below the median for high income countries, which is 3.2 Ratio, 91% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.52 Ratio | 2.8 Ratio | 4.7 Ratio | 10 |
| 2020s | 2.9 Ratio | 2.7 Ratio | 3.1 Ratio | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is effect of taxes and social transfers on income quintile share ratio in Latvia?
- Effect of taxes and social transfers on income quintile share ratio in Latvia was 2.9 Ratio in 2025, according to Eurostat.
- What is the highest effect of taxes and social transfers on income quintile share ratio recorded in Latvia?
- The highest recorded value was 4.7 Ratio in 2011.
- What is the lowest effect of taxes and social transfers on income quintile share ratio recorded in Latvia?
- The lowest recorded value was 2.7 Ratio in 2022.
- How does Latvia rank for effect of taxes and social transfers on income quintile share ratio?
- Latvia ranks 22nd out of 45 countries with data for 2025.
- Is effect of taxes and social transfers on income quintile share ratio rising or falling in Latvia?
- Over the last ten years it is down 3.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Effect of taxes and social transfers on income quintile share ratio S80/S20. Statizoid updates them automatically from the source API.
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