Latvia
Tax revenue (% of GDP)
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Historical trend
Analytical takeaways
- Latvia records 17.65% for Tax revenue (% of GDP) in 2024, ranking #48 globally out of 89 countries.
- Tax revenue (% of GDP) increased from 10.07% in 1994 to 17.65% in 2024, a gain of 7.57%.
- The country sits in the middle of the global distribution for this metric, making the page a balanced entry point for comparative analysis beyond the extremes.
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Comparison
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