Social security contributions and payroll taxes paid by government in in Latvia
Latvia: Social security contributions and payroll taxes paid by government in was 1.42 Percentage of GDP in 2024. ▲ Rising
Social security contributions and payroll taxes paid by government in in Latvia, 1999–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for social security contributions and payroll taxes paid by government in in Latvia is 1.42 Percentage of GDP, measured in 2024. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 14.7% on the previous year and up 30.2% over ten years.
Over the whole period, social security contributions and payroll taxes paid by government in in Latvia peaked at 1.42 Percentage of GDP in 2024 and was at its lowest, 0.5634 Percentage of GDP, in 2001.
That places Latvia 13th out of 34 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Social security contributions and payroll taxes paid by government in in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1999 | 0.6101 Percentage of GDP | — |
| 2000 | 0.5921 Percentage of GDP | -2.9% |
| 2001 | 0.5634 Percentage of GDP | -4.9% |
| 2002 | 0.5891 Percentage of GDP | +4.6% |
| 2003 | 0.5649 Percentage of GDP | -4.1% |
| 2004 | 0.5865 Percentage of GDP | +3.8% |
| 2005 | 0.5676 Percentage of GDP | -3.2% |
| 2006 | 0.6568 Percentage of GDP | +15.7% |
| 2007 | 0.7231 Percentage of GDP | +10.1% |
| 2008 | 0.7982 Percentage of GDP | +10.4% |
| 2009 | 0.9897 Percentage of GDP | +24.0% |
| 2010 | 0.9828 Percentage of GDP | -0.7% |
| 2011 | 0.9899 Percentage of GDP | +0.7% |
| 2012 | 0.9741 Percentage of GDP | -1.6% |
| 2013 | 1.04 Percentage of GDP | +6.6% |
| 2014 | 1.09 Percentage of GDP | +4.9% |
| 2015 | 1.1 Percentage of GDP | +1.2% |
| 2016 | 0.937 Percentage of GDP | -15.0% |
| 2017 | 0.9704 Percentage of GDP | +3.6% |
| 2018 | 1.2 Percentage of GDP | +24.1% |
| 2019 | 1.21 Percentage of GDP | +0.5% |
| 2020 | 1.11 Percentage of GDP | -8.0% |
| 2021 | 1.1 Percentage of GDP | -1.6% |
| 2022 | 1.16 Percentage of GDP | +5.7% |
| 2023 | 1.24 Percentage of GDP | +6.9% |
| 2024 | 1.42 Percentage of GDP | +14.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6101 Percentage of GDP | 0.6101 Percentage of GDP | 0.6101 Percentage of GDP | 1 |
| 2000s | 0.6631 Percentage of GDP | 0.5634 Percentage of GDP | 0.9897 Percentage of GDP | 10 |
| 2010s | 1.05 Percentage of GDP | 0.937 Percentage of GDP | 1.21 Percentage of GDP | 10 |
| 2020s | 1.21 Percentage of GDP | 1.1 Percentage of GDP | 1.42 Percentage of GDP | 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 social security contributions and payroll taxes paid by government in in Latvia?
- Social security contributions and payroll taxes paid by government in in Latvia was 1.42 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest social security contributions and payroll taxes paid by government in recorded in Latvia?
- The highest recorded value was 1.42 Percentage of GDP in 2024.
- What is the lowest social security contributions and payroll taxes paid by government in recorded in Latvia?
- The lowest recorded value was 0.5634 Percentage of GDP in 2001.
- How does Latvia rank for social security contributions and payroll taxes paid by government in?
- Latvia ranks 13th out of 34 countries with data for 2024.
- Is social security contributions and payroll taxes paid by government in rising or falling in Latvia?
- Over the last ten years it is up 30.2%. 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 Social security contributions and payroll taxes paid by government in OECD member countries — Tax revenue. Statizoid updates them automatically from the source API.
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About this data
Compulsory payments made by general government in respect of their employees. These are levied on both employees and employers and include contributions for unemployment insurance, sickness benefits, pensions, family allowances, and medical services.