Latvia: Taxes on international trade
* indicates monthly or quarterly data series
| Latvia |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 0.33 |
| Year | 2004 |
| Measure | percent |
| Data availability | 1994 - 2004 |
| Average | 1.65 |
| Min - Max | 0.33 - 4.46 |
| Source | The World Bank |
The latest value from 2004 is 0.33 percent, a decline from 1.09 percent in 2003. In comparison, the world average is 11.16 percent, based on data from 91 countries. Historically, the average for Latvia from 1994 to 2004 is 1.65 percent. The minimum value, 0.33 percent, was reached in 2004 while the maximum of 4.46 percent was recorded in 1994.
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Definition: Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 20.11 | 2023 | percent |
| Government spending, in dollars | 11.14 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.82 | 2024 | percent |
| Primary budget balance | -0.90 | 2024 | percent |
| Government expenditure | 2.07 | Q1/2026 | billion |
| Long-term interest rate | 3.70 | 3/2026 | percent |
| Tax revenue | 17.65 | 2024 | percent |
| Commercial tax rate | 38.10 | 2019 | percent |
| Tax preparation time | 169 | 2019 | hours |
| Taxes on goods and services | 38.89 | 2024 | percent |
| Taxes on international trade | 0.33 | 2004 | percent |
| Income and profits taxes | 10.26 | 2024 | percent |
| Foreign aid | 161.81 | 2004 | million U.S. dollars |
| Government debt | 46.76 | 2024 | percent |
| Government debt in foreign currency, percent | 7.46 | 2024 | percent |
| Government debt held by non-residents | 62.93 | 2024 | percent |
| Sovereign debt average maturity | 6.89 | 2024 | percent |
| Short-term government debt | 5.37 | 2024 | percent |