Latvia: Fiscal freedom

* indicates monthly or quarterly data series

Fiscal freedom index (0-100)

 Latest value 67
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 81
 Min - Max 67 - 91
 Source The Heritage Foundation
For that indicator, we provide data for Latvia from 1996 to 2024. The average value for Latvia during that period was 81 points with a minimum of 67 points in 2024 and a maximum of 91 points in 2022. The latest value from 2024 is 67 points. For comparison, the world average in 2024 based on 174 countries is 52 points. 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 - Fiscal freedom - Recent values chart

Historical chart
Latvia - Fiscal freedom - historical chart - 1996-2024

The Fiscal Freedom index for Latvia from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.

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 Related indicators Latest value Reference Measure
 Property rights 88 2024 points
 Freedom from corruption 65 2024 points
 Fiscal freedom 67 2024 points
 Business freedom 82 2024 points
 Labor freedom 66 2024 points
 Monetary freedom 67.80 2024 points
 Trade freedom 79 2024 points
 Investment freedom 85 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 72 2024 index points
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