Taxes less subsidies on products (current US$), per unit of GDP (unit) in Latvia
Latvia: Taxes less subsidies on products (current US$), per unit of GDP (unit) was 0.1306 current US$ per US$ of GDP in 2025. ▲ Rising
Taxes less subsidies on products (current US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Latvia recorded 0.1306 current US$ per US$ of GDP for taxes less subsidies on products (current us$), per unit of gdp in 2025.
Compared with earlier readings it is up 2.2% on the previous year and up 4.2% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Latvia peaked at 0.1373 current US$ per US$ of GDP in 2018 and was at its lowest, 0.1017 current US$ per US$ of GDP, in 2002.
Latvia ranks 36th of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Taxes less subsidies on products (current US$), per unit of GDP (unit) in Latvia, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.1152 current US$ per US$ of GDP | — |
| 1996 | 0.1138 current US$ per US$ of GDP | -1.2% |
| 1997 | 0.1148 current US$ per US$ of GDP | +0.9% |
| 1998 | 0.1207 current US$ per US$ of GDP | +5.1% |
| 1999 | 0.111 current US$ per US$ of GDP | -8.0% |
| 2000 | 0.1077 current US$ per US$ of GDP | -3.1% |
| 2001 | 0.1025 current US$ per US$ of GDP | -4.8% |
| 2002 | 0.1017 current US$ per US$ of GDP | -0.8% |
| 2003 | 0.108 current US$ per US$ of GDP | +6.2% |
| 2004 | 0.1065 current US$ per US$ of GDP | -1.4% |
| 2005 | 0.1154 current US$ per US$ of GDP | +8.4% |
| 2006 | 0.121 current US$ per US$ of GDP | +4.8% |
| 2007 | 0.1171 current US$ per US$ of GDP | -3.2% |
| 2008 | 0.1049 current US$ per US$ of GDP | -10.4% |
| 2009 | 0.1032 current US$ per US$ of GDP | -1.6% |
| 2010 | 0.113 current US$ per US$ of GDP | +9.4% |
| 2011 | 0.1192 current US$ per US$ of GDP | +5.5% |
| 2012 | 0.1201 current US$ per US$ of GDP | +0.8% |
| 2013 | 0.1243 current US$ per US$ of GDP | +3.5% |
| 2014 | 0.1246 current US$ per US$ of GDP | +0.3% |
| 2015 | 0.1253 current US$ per US$ of GDP | +0.6% |
| 2016 | 0.1314 current US$ per US$ of GDP | +4.8% |
| 2017 | 0.1317 current US$ per US$ of GDP | +0.3% |
| 2018 | 0.1373 current US$ per US$ of GDP | +4.2% |
| 2019 | 0.1345 current US$ per US$ of GDP | -2.0% |
| 2020 | 0.132 current US$ per US$ of GDP | -1.9% |
| 2021 | 0.1308 current US$ per US$ of GDP | -0.9% |
| 2022 | 0.1266 current US$ per US$ of GDP | -3.2% |
| 2023 | 0.1207 current US$ per US$ of GDP | -4.6% |
| 2024 | 0.1278 current US$ per US$ of GDP | +5.8% |
| 2025 | 0.1306 current US$ per US$ of GDP | +2.2% |
Latvia compared with similar countries
- Latvia's 0.1306 current US$ per US$ of GDP is above the median for high income countries, which is 0.0948 current US$ per US$ of GDP, 1.4× the median. (74 countries reporting)
- Latvia's 0.1306 current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.1078 current US$ per US$ of GDP, 1.2× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1151 current US$ per US$ of GDP | 0.111 current US$ per US$ of GDP | 0.1207 current US$ per US$ of GDP | 5 |
| 2000s | 0.1088 current US$ per US$ of GDP | 0.1017 current US$ per US$ of GDP | 0.121 current US$ per US$ of GDP | 10 |
| 2010s | 0.1261 current US$ per US$ of GDP | 0.113 current US$ per US$ of GDP | 0.1373 current US$ per US$ of GDP | 10 |
| 2020s | 0.1281 current US$ per US$ of GDP | 0.1207 current US$ per US$ of GDP | 0.132 current US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 33 Ukraine 0.1357 current US$ per US$ of GDP compare
- 34 French Polynesia 0.1354 current US$ per US$ of GDP compare
- 35 Portugal 0.1323 current US$ per US$ of GDP compare
- 37 Bulgaria 0.13 current US$ per US$ of GDP compare
- 38 North Macedonia 0.1298 current US$ per US$ of GDP compare
- 39 Aruba 0.1284 current US$ per US$ of GDP compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Latvia?
- Taxes less subsidies on products (current us$), per unit of gdp in Latvia was 0.1306 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.1373 current US$ per US$ of GDP in 2018.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.1017 current US$ per US$ of GDP in 2002.
- How does Latvia rank for taxes less subsidies on products (current us$), per unit of gdp?
- Latvia ranks 36th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 4.2%. 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.