Latvia: Taxes on goods and services

* indicates monthly or quarterly data series
 Latvia

Taxes on goods and services, percent of total revenue

 Latest value 65.75
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 60.63
 Min - Max 53.92 - 67.62
 Source The World Bank
The latest value from 2022 is 65.75 percent, an increase from 62.07 percent in 2021. In comparison, the world average is 37.61 percent, based on data from 95 countries. Historically, the average for Latvia from 1995 to 2022 is 60.63 percent. The minimum value, 53.92 percent, was reached in 2010 while the maximum of 67.62 percent was recorded in 1996. 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 data
Latvia - Taxes on goods and services - Recent values chart

Historical series
Latvia - Taxes on goods and services - historical chart - 1995-2022




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 Reference Measure
 Government spending, percent of GDP 19.72 2023 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 1.99 Q3/2024 billion
 Long-term interest rate 3.04 12/2024 percent
 Tax revenue 22.76 2022 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 65.75 2022 percent
 Taxes on international trade -0.01 2021 percent
 Income and profits taxes 12.11 2022 percent
 Foreign aid 161.81 2004 million U.S. dollars
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