Revenue, excluding grants in Latvia
Latvia: Revenue, excluding grants was 33.9% in 2024. ▲ Rising
Revenue, excluding grants in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Latvia recorded 33.9% for revenue, excluding grants in 2024. That is the highest value across all 31 years on record.
That represents a change of up 5.9% on the previous year and up 16.9% over ten years.
Over the whole period, revenue, excluding grants in Latvia peaked at 33.9% in 2024 and was at its lowest, 17.0%, in 1994.
That places Latvia 35th out of 157 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Revenue, excluding grants 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% |
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
- 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 revenue, excluding grants in Latvia?
- Revenue, excluding grants in Latvia was 33.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Latvia?
- The highest recorded value was 33.9% in 2024.
- What is the lowest revenue, excluding grants recorded in Latvia?
- The lowest recorded value was 17.0% in 1994.
- How does Latvia rank for revenue, excluding grants?
- Latvia ranks 35th out of 157 countries with data for 2024.
- Is revenue, excluding grants 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 Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Revenue, excluding grants (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.