Latvia Government Revenue
General government revenue as % of GDP GGR_NGDP
Latvia's government revenue was 40.84% in 2025, ranked 40th globally. This represents a 4.2% decrease from 2024. Data from IMF WEO, covering 1998–2025.
Overview
Latvia's government revenue stood at 40.84% in 2025, a decline of +1.81% from 2024. The IMF projects 40.84% by 2025. Latvia ranked 40th globally.
Latvia’s government revenue as a share of GDP has risen steadily since the early 2000s, moving from an all‑time trough of 32.77 % in 2003 to a record high of 42.64 % in 2024. The latest IMF World Economic Outlook estimate for 2025 places the ratio at 40.84 %, ranking the country 40th globally. This level exceeds the earliest available figure of 37.44 % in 1998 and reflects a gradual expansion of the fiscal base, driven by higher tax collections and improved compliance after the post‑Soviet transition. Latvia’s performance is comparable to its regional peers, with Czechia reporting 41.22 % and Serbia 40.56 % in the same period, underscoring a broadly similar trajectory among Central and Eastern European economies. The upward trend suggests that, barring major fiscal shocks or a slowdown in economic growth, Latvia’s revenue ratio is likely to remain near the upper‑forties in the near term, potentially narrowing the gap with the most advanced peers.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 40.70% | - | - |
| 2029* IMF | 40.73% | - | - |
| 2028* IMF | 40.74% | - | - |
| 2027* IMF | 40.65% | - | - |
| 2026* IMF | 41.03% | - | - |
| 2025* IMF | 40.84% | - | - |
| 2025 | 40.84% | −1.81% | #40 |
| 2024 | 42.64% | +2.95% | #34 |
| 2023 | 39.69% | +0.10% | #45 |
| 2022 | 39.60% | +0.73% | #41 |
| 2021 | 38.87% | +0.08% | #41 |
| 2020 | 38.79% | +0.21% | #42 |
| 2019 | 38.58% | −0.06% | #44 |
| 2018 | 38.64% | +1.66% | #44 |
| 2017 | 36.98% | −0.02% | #45 |
| 2016 | 37.00% | −0.12% | #45 |
| 2015 | 37.12% | −0.32% | #45 |
| 2014 | 37.44% | −0.66% | #50 |
| 2013 | 38.10% | −0.64% | #50 |
| 2012 | 38.74% | +0.88% | #44 |
| 2011 | 37.85% | +0.86% | #46 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's government revenue was 40.84% in 2025. Ranked 40th globally. This represents a 4.2% decrease from the previous year.
Latvia's government revenue peaked at 42.64% in 2024.
The lowest government revenue in Latvia was 32.77% in 2003.
Latvia ranks 40th globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Latvia's government revenue is projected to reach 40.84% by 2025 based on IMF projection.
The government revenue of Latvia in 2025 was 40.84%. This ranks 40th in the world.
Cite this page
@misc{historysaid_latvia_government-revenue,
title = {Latvia Government Revenue},
url = {https://historysaid.com/latvia/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}