Taxes on income vs. taxes on goods and services in Latvia
Latvia: Taxes on income vs. taxes on goods and services was 13.3% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services in Latvia, 1995–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for taxes on income vs. taxes on goods and services in Latvia is 13.3%, measured in 2023.
The figure is down 1.6% on the previous year and up 6.0% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Latvia peaked at 13.9% in 2018 and was at its lowest, 10.3%, in 2002.
That places Latvia 25th out of 187 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Taxes on income vs. taxes on goods and services in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 10.7% | — |
| 1996 | 10.7% | +0.5% |
| 1997 | 11.2% | +4.7% |
| 1998 | 12.1% | +7.3% |
| 1999 | 11.3% | -6.4% |
| 2000 | 11.1% | -1.6% |
| 2001 | 10.5% | -5.5% |
| 2002 | 10.3% | -1.4% |
| 2003 | 10.9% | +5.3% |
| 2004 | 11.0% | +0.6% |
| 2005 | 11.8% | +7.4% |
| 2006 | 12.1% | +2.9% |
| 2007 | 11.5% | -4.9% |
| 2008 | 10.4% | -9.7% |
| 2009 | 11.3% | +9.0% |
| 2010 | 11.9% | +5.2% |
| 2011 | 12.0% | +0.9% |
| 2012 | 12.1% | +0.8% |
| 2013 | 12.6% | +3.7% |
| 2014 | 12.9% | +2.2% |
| 2015 | 13.0% | +1.4% |
| 2016 | 13.6% | +4.0% |
| 2017 | 13.5% | -0.6% |
| 2018 | 13.9% | +3.1% |
| 2019 | 13.9% | -0.0% |
| 2020 | 13.6% | -2.5% |
| 2021 | 13.3% | -1.7% |
| 2022 | 13.6% | +1.7% |
| 2023 | 13.3% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.2% | 10.7% | 12.1% | 5 |
| 2000s | 11.1% | 10.3% | 12.1% | 10 |
| 2010s | 12.9% | 11.9% | 13.9% | 10 |
| 2020s | 13.4% | 13.3% | 13.6% | 4 |
Countries ranked near Latvia
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 on income vs. taxes on goods and services in Latvia?
- Taxes on income vs. taxes on goods and services in Latvia was 13.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Latvia?
- The highest recorded value was 13.9% in 2018.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Latvia?
- The lowest recorded value was 10.3% in 2002.
- How does Latvia rank for taxes on income vs. taxes on goods and services?
- Latvia ranks 25th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Latvia?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.