Global Revenue Statistics - Comparative tax revenues in Latvia
Latvia: Global Revenue Statistics - Comparative tax revenues was 34.91 Percentage of GDP in 2024. ▲ Rising
Global Revenue Statistics - Comparative tax revenues in Latvia, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Latvia recorded 34.91 Percentage of GDP for global revenue statistics - comparative tax revenues in 2024. That is the highest value across all 30 years on record.
The figure is up 7.4% on the previous year and up 13.1% over ten years.
Over the whole period, global revenue statistics - comparative tax revenues in Latvia peaked at 34.91 Percentage of GDP in 2024 and was at its lowest, 28.72 Percentage of GDP, in 2003.
That places Latvia 21st out of 135 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Global Revenue Statistics - Comparative tax revenues in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1995 | 31.35 Percentage of GDP | — |
| 1996 | 30.21 Percentage of GDP | -3.6% |
| 1997 | 31.57 Percentage of GDP | +4.5% |
| 1998 | 32.71 Percentage of GDP | +3.6% |
| 1999 | 31.98 Percentage of GDP | -2.2% |
| 2000 | 29.97 Percentage of GDP | -6.3% |
| 2001 | 29.13 Percentage of GDP | -2.8% |
| 2002 | 28.75 Percentage of GDP | -1.3% |
| 2003 | 28.72 Percentage of GDP | -0.1% |
| 2004 | 28.76 Percentage of GDP | +0.1% |
| 2005 | 29 Percentage of GDP | +0.8% |
| 2006 | 30.17 Percentage of GDP | +4.0% |
| 2007 | 29.75 Percentage of GDP | -1.4% |
| 2008 | 29.26 Percentage of GDP | -1.6% |
| 2009 | 28.92 Percentage of GDP | -1.2% |
| 2010 | 29.19 Percentage of GDP | +1.0% |
| 2011 | 30.19 Percentage of GDP | +3.4% |
| 2012 | 30.3 Percentage of GDP | +0.4% |
| 2013 | 30.56 Percentage of GDP | +0.8% |
| 2014 | 30.86 Percentage of GDP | +1.0% |
| 2015 | 30.9 Percentage of GDP | +0.1% |
| 2016 | 31.88 Percentage of GDP | +3.2% |
| 2017 | 32.31 Percentage of GDP | +1.3% |
| 2018 | 31.69 Percentage of GDP | -1.9% |
| 2019 | 32.45 Percentage of GDP | +2.4% |
| 2020 | 32.45 Percentage of GDP | +0.0% |
| 2021 | 32.05 Percentage of GDP | -1.3% |
| 2022 | 32.8 Percentage of GDP | +2.3% |
| 2023 | 32.51 Percentage of GDP | -0.9% |
| 2024 | 34.91 Percentage of GDP | +7.4% |
Latvia compared with similar countries
- Latvia's 34.91 Percentage of GDP is above the median for high income countries, which is 33.73 Percentage of GDP, 1.0× the median. (49 countries reporting)
- Latvia's 34.91 Percentage of GDP is below the median for Europe & Central Asia, which is 35.58 Percentage of GDP, 98% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.56 Percentage of GDP | 30.21 Percentage of GDP | 32.71 Percentage of GDP | 5 |
| 2000s | 29.24 Percentage of GDP | 28.72 Percentage of GDP | 30.17 Percentage of GDP | 10 |
| 2010s | 31.03 Percentage of GDP | 29.19 Percentage of GDP | 32.45 Percentage of GDP | 10 |
| 2020s | 32.94 Percentage of GDP | 32.05 Percentage of GDP | 34.91 Percentage of GDP | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is global revenue statistics - comparative tax revenues in Latvia?
- Global revenue statistics - comparative tax revenues in Latvia was 34.91 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest global revenue statistics - comparative tax revenues recorded in Latvia?
- The highest recorded value was 34.91 Percentage of GDP in 2024.
- What is the lowest global revenue statistics - comparative tax revenues recorded in Latvia?
- The lowest recorded value was 28.72 Percentage of GDP in 2003.
- How does Latvia rank for global revenue statistics - comparative tax revenues?
- Latvia ranks 21st out of 135 countries with data for 2024.
- Is global revenue statistics - comparative tax revenues rising or falling in Latvia?
- Over the last ten years it is up 13.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Global Revenue Statistics - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from countries included in Global Revenue Statistics, presented as a percentage of GDP and as a share of total tax revenue, as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax.