Latvia: Tax revenue

* indicates monthly or quarterly data series
 Latvia

Tax revenue, percent of GDP

 Latest value 21.92
 Year 2021
 Measure percent
 Data availability 1995 - 2021
 Average 21.32
 Min - Max 18.66 - 23.66
 Source The World Bank
For that indicator, we provide data for Latvia from 1995 to 2021. The average value for Latvia during that period was 21.32 percent with a minimum of 18.66 percent in 1996 and a maximum of 23.66 percent in 1998. The latest value from 2021 is 21.92 percent. For comparison, the world average in 2021 based on 105 countries is 17.49 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Latvia - Tax revenue - recent values

Historical chart
Latvia - Tax revenue - historical chart - 1995-2021




Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 18.71 2022 percent
 Government spending, in dollars 7.66 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -4.40 2022 percent
 Government debt 40.80 2022 percent
 Government expenditure 1.95 Q3/2023 billion
 Long-term government bond yield 3.88 9/2023 percent
 Tax revenue 21.92 2021 percent
 Commercial tax rate 38.10 2019 percent
 Tax preparation time 169 2019 hours
 Number of taxes 7 2019 taxes
 Taxes on goods and services 42.40 2021 percent
 Taxes on international trade 0.04 2021 percent
 Income and profits taxes 7.45 2021 percent
 Foreign aid 161.81 2004 million U.S. dollars
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