Central government revenues as a share of GDP in Latvia
Latvia: Central government revenues as a share of GDP was 33.9% in 2024. ▲ Rising
Central government revenues as a share of GDP in Latvia, 1994–2024
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for central government revenues as a share of gdp in Latvia is 33.9%, measured in 2024. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 5.9% on the previous year and up 16.9% over ten years.
Over the whole period, central government revenues as a share of gdp in Latvia peaked at 33.9% in 2024 and was at its lowest, 17.0%, in 1994.
Latvia ranks 35th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Central government revenues as a share of GDP in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 17.0% | — |
| 1995 | 28.1% | +65.4% |
| 1996 | 27.3% | -2.9% |
| 1997 | 31.1% | +14.1% |
| 1998 | 31.6% | +1.4% |
| 1999 | 30.7% | -2.8% |
| 2000 | 28.2% | -8.3% |
| 2001 | 26.8% | -4.9% |
| 2002 | 27.1% | +1.1% |
| 2003 | 26.8% | -0.9% |
| 2004 | 27.0% | +0.6% |
| 2005 | 27.0% | +0.1% |
| 2006 | 28.9% | +6.8% |
| 2007 | 27.6% | -4.2% |
| 2008 | 26.8% | -3.2% |
| 2009 | 27.5% | +2.8% |
| 2010 | 27.3% | -0.8% |
| 2011 | 28.6% | +4.6% |
| 2012 | 28.8% | +0.8% |
| 2013 | 28.8% | -0.0% |
| 2014 | 29.0% | +0.6% |
| 2015 | 28.8% | -0.5% |
| 2016 | 29.9% | +3.6% |
| 2017 | 29.6% | -0.9% |
| 2018 | 29.5% | -0.3% |
| 2019 | 29.6% | +0.5% |
| 2020 | 31.4% | +5.8% |
| 2021 | 30.8% | -1.8% |
| 2022 | 30.9% | +0.4% |
| 2023 | 32.0% | +3.4% |
| 2024 | 33.9% | +5.9% |
Latvia compared with similar countries
- Latvia's 33.9% is above the median for high income countries, which is 33.0%, 1.0× the median. (57 countries reporting)
- Latvia's 33.9% is below the median for Europe & Central Asia, which is 35.0%, 97% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Central government revenues as a share of GDP in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +65.4% | 17.0% | 28.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.6% | 17.0% | 31.6% | 6 |
| 2000s | 27.4% | 26.8% | 28.9% | 10 |
| 2010s | 29.0% | 27.3% | 29.9% | 10 |
| 2020s | 31.8% | 30.8% | 33.9% | 5 |
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 central government revenues as a share of gdp in Latvia?
- Central government revenues as a share of gdp in Latvia was 33.9% in 2024, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest central government revenues as a share of gdp recorded in Latvia?
- The highest recorded value was 33.9% in 2024.
- What is the lowest central government revenues as a share of gdp recorded in Latvia?
- The lowest recorded value was 17.0% in 1994.
- How does Latvia rank for central government revenues as a share of gdp?
- Latvia ranks 35th out of 157 countries with data for 2024.
- Is central government revenues as a share of gdp rising or falling in Latvia?
- Over the last ten years it is up 16.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Central 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. Grants excluded.