Revenue Statistics in OECD member countries - Comparative tax revenues in Latvia
Latvia: Revenue Statistics in OECD member countries - Comparative tax revenues was 34.91 Percentage of GDP in 2024. ▲ Rising
Revenue Statistics in OECD member countries - Comparative tax revenues in Latvia, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for revenue statistics in oecd member countries - comparative tax revenues in Latvia is 34.91 Percentage of GDP, measured 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, revenue statistics in oecd member countries - 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 19th out of 35 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Revenue Statistics in OECD member countries - 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 below the median for high income countries, which is 35.23 Percentage of GDP, 99% of the median. (33 countries reporting)
- Latvia's 34.91 Percentage of GDP is below the median for Europe & Central Asia, which is 38.02 Percentage of GDP, 92% of the median. (25 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 revenue statistics in oecd member countries - comparative tax revenues in Latvia?
- Revenue statistics in oecd member countries - 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 revenue statistics in oecd member countries - comparative tax revenues recorded in Latvia?
- The highest recorded value was 34.91 Percentage of GDP in 2024.
- What is the lowest revenue statistics in oecd member countries - comparative tax revenues recorded in Latvia?
- The lowest recorded value was 28.72 Percentage of GDP in 2003.
- How does Latvia rank for revenue statistics in oecd member countries - comparative tax revenues?
- Latvia ranks 19th out of 35 countries with data for 2024.
- Is revenue statistics in oecd member countries - 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 Revenue Statistics in OECD member countries - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data for OECD countries presented as a percentage of GDP and as a share of total tax or non-tax revenues 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.