Taxes less subsidies on products in Latvia
Latvia: Taxes less subsidies on products was 5.62 billion current LCU in 2025. ◆ Volatile
Taxes less subsidies on products in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, taxes less subsidies on products in Latvia stood at 5.62 billion current LCU. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 8.2% on the previous year and up 88.8% over ten years.
Over the whole period, taxes less subsidies on products in Latvia peaked at 5.62 billion current LCU in 2025 and was at its lowest, 452.88 million current LCU, in 1995.
Latvia ranks 143rd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 452.88 million current LCU | — |
| 1996 | 517.18 million current LCU | +14.2% |
| 1997 | 602.50 million current LCU | +16.5% |
| 1998 | 706.49 million current LCU | +17.3% |
| 1999 | 677.16 million current LCU | -4.2% |
| 2000 | 721.07 million current LCU | +6.5% |
| 2001 | 750.35 million current LCU | +4.1% |
| 2002 | 827.12 million current LCU | +10.2% |
| 2003 | 987.52 million current LCU | +19.4% |
| 2004 | 1.13 billion current LCU | +14.6% |
| 2005 | 1.51 billion current LCU | +33.7% |
| 2006 | 1.97 billion current LCU | +30.3% |
| 2007 | 2.52 billion current LCU | +27.8% |
| 2008 | 2.45 billion current LCU | -2.7% |
| 2009 | 1.91 billion current LCU | -22.1% |
| 2010 | 2.00 billion current LCU | +4.9% |
| 2011 | 2.28 billion current LCU | +13.8% |
| 2012 | 2.53 billion current LCU | +11.2% |
| 2013 | 2.73 billion current LCU | +7.7% |
| 2014 | 2.84 billion current LCU | +4.1% |
| 2015 | 2.98 billion current LCU | +4.8% |
| 2016 | 3.22 billion current LCU | +8.1% |
| 2017 | 3.43 billion current LCU | +6.5% |
| 2018 | 3.87 billion current LCU | +12.8% |
| 2019 | 3.98 billion current LCU | +2.9% |
| 2020 | 3.86 billion current LCU | -3.0% |
| 2021 | 4.22 billion current LCU | +9.4% |
| 2022 | 4.57 billion current LCU | +8.2% |
| 2023 | 4.78 billion current LCU | +4.6% |
| 2024 | 5.19 billion current LCU | +8.8% |
| 2025 | 5.62 billion current LCU | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 591.24 million current LCU | 452.88 million current LCU | 706.49 million current LCU | 5 |
| 2000s | 1.48 billion current LCU | 721.07 million current LCU | 2.52 billion current LCU | 10 |
| 2010s | 2.98 billion current LCU | 2.00 billion current LCU | 3.98 billion current LCU | 10 |
| 2020s | 4.71 billion current LCU | 3.86 billion current LCU | 5.62 billion current LCU | 6 |
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 taxes less subsidies on products in Latvia?
- Taxes less subsidies on products in Latvia was 5.62 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Latvia?
- The highest recorded value was 5.62 billion current LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Latvia?
- The lowest recorded value was 452.88 million current LCU in 1995.
- How does Latvia rank for taxes less subsidies on products?
- Latvia ranks 143rd out of 197 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Latvia?
- Over the last ten years it is up 88.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.