Taxes on incomes of individuals and corporations as share of GDP in Latvia
Latvia: Taxes on incomes of individuals and corporations as share of GDP was 7.6% in 2023. ▬ Flat
Latest (2023)
7.6%
Change on year
up 10.0%
World rank
66th
of 184 countries
All-time high
8.9%
in 2008
All-time low
6.5%
in 1995
Years of data
29
1995–2023
Taxes on incomes of individuals and corporations as share of GDP in Latvia, 1995–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Latvia recorded 7.6% for taxes on incomes of individuals and corporations as share of gdp in 2023.
That represents a change of up 10.0% on the previous year and up 2.4% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Latvia peaked at 8.9% in 2008 and was at its lowest, 6.5%, in 1995.
Latvia ranks 66th of 184 countries on this measure, in the middle of the range.
Taxes on incomes of individuals and corporations as share of GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 6.5% | — |
| 1996 | 6.6% | +1.5% |
| 1997 | 7.2% | +9.1% |
| 1998 | 7.5% | +3.7% |
| 1999 | 7.4% | -1.1% |
| 2000 | 7.0% | -5.7% |
| 2001 | 7.3% | +5.0% |
| 2002 | 7.4% | +0.7% |
| 2003 | 7.0% | -5.7% |
| 2004 | 7.3% | +5.1% |
| 2005 | 7.3% | -1.1% |
| 2006 | 7.7% | +5.8% |
| 2007 | 8.2% | +6.5% |
| 2008 | 8.9% | +9.0% |
| 2009 | 6.9% | -23.1% |
| 2010 | 7.1% | +4.2% |
| 2011 | 7.2% | +0.7% |
| 2012 | 7.4% | +2.3% |
| 2013 | 7.4% | +1.0% |
| 2014 | 7.5% | +0.4% |
| 2015 | 7.5% | +0.1% |
| 2016 | 7.9% | +6.3% |
| 2017 | 8.2% | +3.0% |
| 2018 | 7.0% | -14.0% |
| 2019 | 6.6% | -5.7% |
| 2020 | 6.7% | +1.2% |
| 2021 | 6.9% | +2.7% |
| 2022 | 6.9% | +0.4% |
| 2023 | 7.6% | +10.0% |
Latvia compared with similar countries
- Latvia's 7.6% is below the median for high income countries, which is 10.0%, 76% of the median. (63 countries reporting)
- Latvia's 7.6% is below the median for Europe & Central Asia, which is 8.9%, 85% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.1% | 6.5% | 7.5% | 5 |
| 2000s | 7.5% | 6.9% | 8.9% | 10 |
| 2010s | 7.4% | 6.6% | 8.2% | 10 |
| 2020s | 7.0% | 6.7% | 7.6% | 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 incomes of individuals and corporations as share of gdp in Latvia?
- Taxes on incomes of individuals and corporations as share of gdp in Latvia was 7.6% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Latvia?
- The highest recorded value was 8.9% in 2008.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Latvia?
- The lowest recorded value was 6.5% in 1995.
- How does Latvia rank for taxes on incomes of individuals and corporations as share of gdp?
- Latvia ranks 66th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Latvia?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is flat.
- 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.