Taxes less subsidies on products (current LCU), per unit of GDP in Latvia
Latvia: Taxes less subsidies on products (current LCU), per unit of GDP was 0.1156 current LCU per US$ of GDP in 2025. ▲ Rising
Taxes less subsidies on products (current LCU), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Latvia recorded 0.1156 current LCU per US$ of GDP for taxes less subsidies on products (current lcu), per unit of gdp in 2025.
Compared with earlier readings it is down 2.1% on the previous year and up 2.3% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Latvia peaked at 0.1202 current LCU per US$ of GDP in 2022 and was at its lowest, 0.0718 current LCU per US$ of GDP, in 2008.
That places Latvia 149th out of 197 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Taxes less subsidies on products (current LCU), per unit of GDP in Latvia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.0808 current LCU per US$ of GDP | — |
| 1996 | 0.0892 current LCU per US$ of GDP | +10.4% |
| 1997 | 0.0949 current LCU per US$ of GDP | +6.4% |
| 1998 | 0.1013 current LCU per US$ of GDP | +6.8% |
| 1999 | 0.0925 current LCU per US$ of GDP | -8.7% |
| 2000 | 0.0929 current LCU per US$ of GDP | +0.5% |
| 2001 | 0.0916 current LCU per US$ of GDP | -1.4% |
| 2002 | 0.0894 current LCU per US$ of GDP | -2.4% |
| 2003 | 0.0878 current LCU per US$ of GDP | -1.8% |
| 2004 | 0.0818 current LCU per US$ of GDP | -6.8% |
| 2005 | 0.0928 current LCU per US$ of GDP | +13.3% |
| 2006 | 0.0964 current LCU per US$ of GDP | +4.0% |
| 2007 | 0.0856 current LCU per US$ of GDP | -11.2% |
| 2008 | 0.0718 current LCU per US$ of GDP | -16.2% |
| 2009 | 0.0743 current LCU per US$ of GDP | +3.4% |
| 2010 | 0.0853 current LCU per US$ of GDP | +14.9% |
| 2011 | 0.0857 current LCU per US$ of GDP | +0.5% |
| 2012 | 0.0935 current LCU per US$ of GDP | +9.0% |
| 2013 | 0.0936 current LCU per US$ of GDP | +0.1% |
| 2014 | 0.0938 current LCU per US$ of GDP | +0.2% |
| 2015 | 0.113 current LCU per US$ of GDP | +20.4% |
| 2016 | 0.1187 current LCU per US$ of GDP | +5.1% |
| 2017 | 0.1166 current LCU per US$ of GDP | -1.7% |
| 2018 | 0.1163 current LCU per US$ of GDP | -0.3% |
| 2019 | 0.1201 current LCU per US$ of GDP | +3.3% |
| 2020 | 0.1156 current LCU per US$ of GDP | -3.8% |
| 2021 | 0.1106 current LCU per US$ of GDP | -4.3% |
| 2022 | 0.1202 current LCU per US$ of GDP | +8.7% |
| 2023 | 0.1116 current LCU per US$ of GDP | -7.1% |
| 2024 | 0.1181 current LCU per US$ of GDP | +5.7% |
| 2025 | 0.1156 current LCU per US$ of GDP | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0917 current LCU per US$ of GDP | 0.0808 current LCU per US$ of GDP | 0.1013 current LCU per US$ of GDP | 5 |
| 2000s | 0.0864 current LCU per US$ of GDP | 0.0718 current LCU per US$ of GDP | 0.0964 current LCU per US$ of GDP | 10 |
| 2010s | 0.1037 current LCU per US$ of GDP | 0.0853 current LCU per US$ of GDP | 0.1201 current LCU per US$ of GDP | 10 |
| 2020s | 0.1153 current LCU per US$ of GDP | 0.1106 current LCU per US$ of GDP | 0.1202 current LCU per US$ of GDP | 6 |
Countries ranked near Latvia
- 146 El Salvador 0.1224 current LCU per US$ of GDP compare
- 147 Greece 0.1218 current LCU per US$ of GDP compare
- 148 Portugal 0.117 current LCU per US$ of GDP compare
- 150 Bulgaria 0.1153 current LCU per US$ of GDP compare
- 151 Estonia 0.1133 current LCU per US$ of GDP compare
- 152 Finland 0.113 current LCU per US$ of GDP compare
More economy & growth data for Latvia
- Total reserves minus gold (current US$), annual growth rate 12.7 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1062 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,795 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.59 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.229 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 6,027 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 11.68 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.2027 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 5,333 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 6.98 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Latvia?
- Taxes less subsidies on products (current lcu), per unit of gdp in Latvia was 0.1156 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.1202 current LCU per US$ of GDP in 2022.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.0718 current LCU per US$ of GDP in 2008.
- How does Latvia rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Latvia ranks 149th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 2.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.