Latvia Government Revenues to GDP
General government revenue as a percentage of GDP.
Government Revenues to GDP in Latvia increased to 42.64 percent of GDP in 2024 from 39.69 percent of GDP in 2023.
Latvia Government Revenues to GDP — History
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Latvia Government Revenues to GDP — analysis in simple words
Latest reading
Government Revenues to GDP in Latvia increased to 42.64 percent of GDP in 2024 from 39.69 percent of GDP in 2023.
It has risen in each of the last three years.
Recent trend
A year earlier (2023) it was 39.7%, so the latest figure is 2.9 percentage points higher.
Over the past five years the average was 39.9%, with a range from 38.8% to 42.6%. The latest value is above that five-year average.
Historical context
This data series starts in 1998 and has 27 annual observations. The latest reading is higher than 96% of all of them.
The highest value on record is 42.6% (2024) and the lowest is 32.8% (2003). The long-run average is 36.8%.
Compared with other countries
Among 151 economies with recent data, Latvia ranks 28th from the top. The median across all these economies is 27.2%, so Latvia is above the typical country.
Within Europe & Central Asia (41 economies with data) it ranks 20th; the regional median is 42.2%.
Statistics
- Latest
- 42.6%2024
- Previous
- 39.7%
- 5-year average
- 39.9%
- Long-run average
- 36.8%since 1998
- All-time high
- 42.6%2024
- All-time low
- 32.8%2003
- Observations
- 27Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 42.6% | ▲ +2.9 pp |
| 2023 | 39.7% | ▲ +0.1 pp |
| 2022 | 39.6% | ▲ +0.7 pp |
| 2021 | 38.9% | ▲ +0.1 pp |
| 2020 | 38.8% | ▲ +0.2 pp |
| 2019 | 38.6% | ▼ −0.1 pp |
| 2018 | 38.6% | ▲ +1.7 pp |
| 2017 | 37.0% | ▼ −0.0 pp |
| 2016 | 37.0% | ▼ −0.1 pp |
| 2015 | 37.1% | ▼ −0.3 pp |
| 2014 | 37.4% | ▼ −0.7 pp |
| 2013 | 38.1% | ▼ −0.6 pp |
| 2012 | 38.7% | ▲ +0.9 pp |
| 2011 | 37.9% | ▲ +0.9 pp |
| 2010 | 37.0% | ▲ +0.5 pp |
| 2009 | 36.5% | ▲ +1.6 pp |
| 2008 | 34.9% | ▼ −0.5 pp |
| 2007 | 35.4% | ▲ +0.3 pp |
| 2006 | 35.1% | ▲ +0.3 pp |
| 2005 | 34.7% | ▲ +1.0 pp |
| 2004 | 33.8% | ▲ +1.0 pp |
| 2003 | 32.8% | ▼ −0.0 pp |
| 2002 | 32.8% | ▼ −0.2 pp |
| 2001 | 33.0% | ▼ −1.5 pp |
| 2000 | 34.5% | ▼ −2.4 pp |
| 1999 | 36.9% | ▼ −0.5 pp |
| 1998 | 37.4% |
Government Revenues to GDP — Latvia vs Peers
Latest available reading for each economy (periods may differ). Latvia highlighted.
More Latvia indicators
Understanding Government Revenues to GDP — a simple guide
What it measures
General government revenue as a percentage of GDP.
How it is calculated
Total government income (taxes, fees, other receipts) ÷ GDP × 100.
20% means the government collects one-fifth of GDP.
Higher revenue gives more room to spend without borrowing.
Lower revenue limits spending capacity.
Why it matters for the economy and markets
Revenue capacity determines how much a state can spend without borrowing.
How to read it
Advanced economies typically collect a much larger share of GDP than emerging economies.
Data source
IMF — Public Finances in Modern History (series rev), annual data from 1998 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current government revenues to gdp of Latvia?
What is the highest and lowest government revenues to gdp of Latvia?
What does government revenues to gdp measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.