Latvia: Taxes on goods and services

* indicates monthly or quarterly data series
 Latvia

Taxes on goods and services, percent of total revenue

 Latest value 42.40
 Year 2021
 Measure percent
 Data availability 1994 - 2021
 Average 41.05
 Min - Max 36.58 - 44.96
 Source The World Bank
For that indicator, we provide data for Latvia from 1994 to 2021. The average value for Latvia during that period was 41.05 percent with a minimum of 36.58 percent in 2009 and a maximum of 44.96 percent in 2016. The latest value from 2021 is 42.4 percent. For comparison, the world average in 2021 based on 104 countries is 33.72 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Taxes on goods and services - Recent values chart

Historical chart
Latvia - Taxes on goods and services - historical chart - 1994-2021




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 19.03 2022 percent
 Government spending, in dollars 8.60 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -4.40 2022 percent
 Government debt 43.60 2023 percent
 Government expenditure 1.93 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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