Taxes less subsidies on products (constant LCU), per unit of GDP in Latvia
Latvia: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.0854 constant LCU per US$ of GDP in 2025. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2025, taxes less subsidies on products (constant lcu), per unit of gdp in Latvia stood at 0.0854 constant LCU per US$ of GDP. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 6.7% on the previous year and down 32.1% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Latvia peaked at 0.3215 constant LCU per US$ of GDP in 1996 and was at its lowest, 0.0854 constant LCU per US$ of GDP, in 2025.
Latvia ranks 139th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Latvia, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.3192 constant LCU per US$ of GDP | — |
| 1996 | 0.3215 constant LCU per US$ of GDP | +0.7% |
| 1997 | 0.3121 constant LCU per US$ of GDP | -2.9% |
| 1998 | 0.2949 constant LCU per US$ of GDP | -5.5% |
| 1999 | 0.2813 constant LCU per US$ of GDP | -4.6% |
| 2000 | 0.2853 constant LCU per US$ of GDP | +1.4% |
| 2001 | 0.2851 constant LCU per US$ of GDP | -0.0% |
| 2002 | 0.2668 constant LCU per US$ of GDP | -6.4% |
| 2003 | 0.2393 constant LCU per US$ of GDP | -10.3% |
| 2004 | 0.2112 constant LCU per US$ of GDP | -11.7% |
| 2005 | 0.1956 constant LCU per US$ of GDP | -7.4% |
| 2006 | 0.1819 constant LCU per US$ of GDP | -7.0% |
| 2007 | 0.1477 constant LCU per US$ of GDP | -18.8% |
| 2008 | 0.1081 constant LCU per US$ of GDP | -26.8% |
| 2009 | 0.0923 constant LCU per US$ of GDP | -14.6% |
| 2010 | 0.1027 constant LCU per US$ of GDP | +11.3% |
| 2011 | 0.0963 constant LCU per US$ of GDP | -6.2% |
| 2012 | 0.104 constant LCU per US$ of GDP | +8.0% |
| 2013 | 0.1036 constant LCU per US$ of GDP | -0.4% |
| 2014 | 0.1037 constant LCU per US$ of GDP | +0.2% |
| 2015 | 0.1258 constant LCU per US$ of GDP | +21.3% |
| 2016 | 0.13 constant LCU per US$ of GDP | +3.4% |
| 2017 | 0.1241 constant LCU per US$ of GDP | -4.6% |
| 2018 | 0.1189 constant LCU per US$ of GDP | -4.2% |
| 2019 | 0.1206 constant LCU per US$ of GDP | +1.4% |
| 2020 | 0.1156 constant LCU per US$ of GDP | -4.2% |
| 2021 | 0.1057 constant LCU per US$ of GDP | -8.6% |
| 2022 | 0.1096 constant LCU per US$ of GDP | +3.7% |
| 2023 | 0.0936 constant LCU per US$ of GDP | -14.6% |
| 2024 | 0.0915 constant LCU per US$ of GDP | -2.3% |
| 2025 | 0.0854 constant LCU per US$ of GDP | -6.7% |
Latvia compared with similar countries
- Latvia's 0.0854 constant LCU per US$ of GDP is below the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 96% of the median. (66 countries reporting)
- Latvia's 0.0854 constant LCU per US$ of GDP is below the median for Europe & Central Asia, which is 0.0947 constant LCU per US$ of GDP, 90% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3058 constant LCU per US$ of GDP | 0.2813 constant LCU per US$ of GDP | 0.3215 constant LCU per US$ of GDP | 5 |
| 2000s | 0.2013 constant LCU per US$ of GDP | 0.0923 constant LCU per US$ of GDP | 0.2853 constant LCU per US$ of GDP | 10 |
| 2010s | 0.113 constant LCU per US$ of GDP | 0.0963 constant LCU per US$ of GDP | 0.13 constant LCU per US$ of GDP | 10 |
| 2020s | 0.1002 constant LCU per US$ of GDP | 0.0854 constant LCU per US$ of GDP | 0.1156 constant LCU per US$ of GDP | 6 |
Countries ranked near Latvia
- 136 El Salvador 0.0925 constant LCU per US$ of GDP compare
- 137 Cyprus 0.0907 constant LCU per US$ of GDP compare
- 138 Palau 0.0876 constant LCU per US$ of GDP compare
- 140 Slovenia 0.0837 constant LCU per US$ of GDP compare
- 141 Ghana 0.0835 constant LCU per US$ of GDP compare
- 142 France 0.0834 constant LCU per US$ of GDP compare
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 taxes less subsidies on products (constant lcu), per unit of gdp in Latvia?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Latvia was 0.0854 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.3215 constant LCU per US$ of GDP in 1996.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.0854 constant LCU per US$ of GDP in 2025.
- How does Latvia rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Latvia ranks 139th out of 189 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 32.1%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.