Government revenues as a share of GDP in Latvia
Latvia: Government revenues as a share of GDP was 39.7% in 2023. ▲ Rising
Government revenues as a share of GDP in Latvia, 2000–2023
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
In 2023, government revenues as a share of gdp in Latvia stood at 39.7%. That is the highest value across all 24 years on record.
The figure is up 8.9% on the previous year and up 7.6% over ten years.
Over the whole period, government revenues as a share of gdp in Latvia peaked at 39.7% in 2023 and was at its lowest, 31.8%, in 2003.
That places Latvia 42nd out of 174 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Government revenues as a share of GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 34.0% | — |
| 2001 | 32.4% | -4.5% |
| 2002 | 32.4% | +0.0% |
| 2003 | 31.8% | -1.8% |
| 2004 | 33.6% | +5.6% |
| 2005 | 34.0% | +1.2% |
| 2006 | 35.6% | +4.7% |
| 2007 | 33.5% | -5.8% |
| 2008 | 33.6% | +0.3% |
| 2009 | 35.2% | +4.5% |
| 2010 | 36.9% | +5.0% |
| 2011 | 37.6% | +1.9% |
| 2012 | 36.9% | -1.9% |
| 2013 | 36.9% | -0.1% |
| 2014 | 36.9% | -0.0% |
| 2015 | 36.7% | -0.5% |
| 2016 | 37.1% | +1.1% |
| 2017 | 37.4% | +0.9% |
| 2018 | 37.5% | +0.3% |
| 2019 | 37.7% | +0.5% |
| 2020 | 38.4% | +2.0% |
| 2021 | 37.5% | -2.4% |
| 2022 | 36.5% | -2.9% |
| 2023 | 39.7% | +8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.6% | 31.8% | 35.6% | 10 |
| 2010s | 37.2% | 36.7% | 37.7% | 10 |
| 2020s | 38.0% | 36.5% | 39.7% | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross capital formation (current US$), annual growth rate 23.84 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2406 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 6,330 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 18.62 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2129 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,601 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
Frequently asked questions
- What is government revenues as a share of gdp in Latvia?
- Government revenues as a share of gdp in Latvia was 39.7% in 2023, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest government revenues as a share of gdp recorded in Latvia?
- The highest recorded value was 39.7% in 2023.
- What is the lowest government revenues as a share of gdp recorded in Latvia?
- The lowest recorded value was 31.8% in 2003.
- How does Latvia rank for government revenues as a share of gdp?
- Latvia ranks 42nd out of 174 countries with data for 2023.
- Is government revenues as a share of gdp rising or falling in Latvia?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Government revenues as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included.