Statutory corporate income tax rate in Latvia
Latvia: Statutory corporate income tax rate was 20 in 2018. ▼ Falling
Latest (2018)
20
Change on year
up 33.3%
World rank
53rd
of 91 countries
All-time high
25
in 2000
All-time low
15
in 2004
Years of data
19
2000–2018
Statutory corporate income tax rate in Latvia, 2000–2018
Source: Our World in Data.
Analysis
The most recent figure for statutory corporate income tax rate in Latvia is 20, measured in 2018.
Compared with earlier readings it is up 33.3% on the previous year and up 33.3% over ten years.
Over the whole period, statutory corporate income tax rate in Latvia peaked at 25 in 2000 and was at its lowest, 15, in 2004.
Latvia ranks 53rd of 91 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 25 | — |
| 2001 | 25 | +0.0% |
| 2002 | 22 | -12.0% |
| 2003 | 19 | -13.6% |
| 2004 | 15 | -21.1% |
| 2005 | 15 | +0.0% |
| 2006 | 15 | +0.0% |
| 2007 | 15 | +0.0% |
| 2008 | 15 | +0.0% |
| 2009 | 15 | +0.0% |
| 2010 | 15 | +0.0% |
| 2011 | 15 | +0.0% |
| 2012 | 15 | +0.0% |
| 2013 | 15 | +0.0% |
| 2014 | 15 | +0.0% |
| 2015 | 15 | +0.0% |
| 2016 | 15 | +0.0% |
| 2017 | 15 | +0.0% |
| 2018 | 20 | +33.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.1 | 15 | 25 | 10 |
| 2010s | 15.56 | 15 | 20 | 9 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Latvia?
- Statutory corporate income tax rate in Latvia was 20 in 2018, according to Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Latvia?
- The highest recorded value was 25 in 2000.
- What is the lowest statutory corporate income tax rate recorded in Latvia?
- The lowest recorded value was 15 in 2004.
- How does Latvia rank for statutory corporate income tax rate?
- Latvia ranks 53rd out of 91 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Latvia?
- Over the last ten years it is up 33.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).