Latvia Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
Latvia's tax revenue was 17.24% in 2025, ranked 59th globally. This represents a 3.7% increase from 2024. Data from World Bank, covering 1994–2025.
Overview
Latvia's tax revenue stood at 17.24% in 2025, a rise of +0.61% from 2023. Based on recent trends, this figure is projected to reach 17.24% by 2025. Latvia ranked 59th globally.
Latvia’s tax revenue as a share of GDP has risen steadily over the 31‑year series, moving from a low of 10.07 percent in 1994 to an all‑time peak of 17.24 percent in 2025, placing the country 59th globally. This upward trajectory reflects gradual fiscal consolidation and broadened tax bases, mirroring modest improvements in neighbouring economies such as Fiji, which recorded 17.37 percent in the same year. The increase from the early post‑Soviet trough to the current level represents an average annual gain of roughly 0.23 percentage points, underscoring the effectiveness of reforms undertaken since the 1990s. While the rise has been consistent, the margin above peers like Papua New Guinea (17.04 percent) remains narrow, suggesting limited headroom for rapid expansion without structural changes. Continued progress will likely depend on further diversification of revenue sources and the implementation of digital tax administration, which could sustain or modestly accelerate the upward trend.
Data & projection
| Year | Tax Revenue | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 17.41% | - | - |
| 2025* trend | 17.24% | - | - |
| 2025 | 17.24% | +0.61% | #59 |
| 2023 | 16.63% | −0.52% | #43 |
| 2022 | 17.15% | +0.70% | #57 |
| 2021 | 16.45% | +0.17% | #64 |
| 2020 | 16.28% | +0.08% | #74 |
| 2019 | 16.20% | +0.00% | #66 |
| 2018 | 16.20% | −1.01% | #68 |
| 2017 | 17.21% | −0.03% | #79 |
| 2016 | 17.23% | +0.86% | #82 |
| 2015 | 16.37% | +0.20% | #74 |
| 2014 | 16.17% | +0.27% | #72 |
| 2013 | 15.90% | +0.46% | #65 |
| 2012 | 15.45% | +0.41% | #63 |
| 2011 | 15.03% | +0.87% | #56 |
| 2010 | 14.16% | +0.61% | #51 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's tax revenue was 17.24% in 2025. Ranked 59th globally. This represents a 3.7% increase from the previous year.
Latvia's tax revenue peaked at 17.24% in 2025.
The lowest tax revenue in Latvia was 10.07% in 1994.
Latvia ranks 59th globally in tax revenue as of 2025.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
Latvia's tax revenue is projected to reach 17.24% by 2025 based on trend extrapolation.
The tax revenue of Latvia in 2025 was 17.24%. This ranks 59th in the world.
Cite this page
@misc{historysaid_latvia_tax-revenue,
title = {Latvia Tax Revenue},
url = {https://historysaid.com/latvia/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}