Taxes less subsidies on products (current LCU) in Latvia
Latvia: Taxes less subsidies on products (current LCU) 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 199 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 (current LCU) 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% |
Latvia compared with similar countries
- Latvia's 5.62 billion current LCU is below the median for high income countries, which is 26.91 billion current LCU, 21% of the median. (74 countries reporting)
- Latvia's 5.62 billion current LCU is below the median for Europe & Central Asia, which is 40.57 billion current LCU, 14% of the median. (55 countries reporting)
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
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % 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 199 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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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.