Latvia—Government Revenue (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #34 of 139
Latest Value
32.0%
2023
YoY Change
+3.4%
2022 → 2023
Global Rank
#34
of 139 countries
Maximum
32.0%
2023
Minimum
26.8%
2008
CAGR
+0.6%
24 years
Last
32.0%
Previous
30.9%
Highest
32.0%
Lowest
26.8%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 32.0% | +3.4% |
| 2022 | 30.9% | +0.4% |
| 2021 | 30.8% | -1.8% |
| 2020 | 31.4% | +5.8% |
| 2019 | 29.6% | +0.5% |
| 2018 | 29.5% | -0.3% |
| 2017 | 29.6% | -0.9% |
| 2016 | 29.9% | +3.6% |
| 2015 | 28.8% | -0.5% |
| 2014 | 29.0% | +0.6% |
| 2013 | 28.8% | -0.0% |
| 2012 | 28.8% | +0.8% |
| 2011 | 28.6% | +4.6% |
| 2010 | 27.3% | -0.8% |
| 2009 | 27.5% | +2.8% |
| 2008 | 26.8% | -3.2% |
| 2007 | 27.6% | -4.2% |
| 2006 | 28.9% | +6.8% |
| 2005 | 27.0% | +0.1% |
| 2004 | 27.0% | +0.6% |
| 2003 | 26.8% | -0.9% |
| 2002 | 27.1% | +1.1% |
| 2001 | 26.8% | -4.9% |
| 2000 | 28.2% |
Top Countries — Government Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 138.8% | 2020 |
| 2 | Kiribati | 81.1% | 2023 |
| 3 | Norway | 54.2% | 2023 |
| 4 | Timor-Leste | 51.5% | 2022 |
| 5 | Lesotho | 44.2% | 2024 |
| 6 | Austria | 44.2% | 2023 |
| 7 | Greece | 43.3% | 2023 |
| 8 | Luxembourg | 42.8% | 2023 |
| 9 | France | 42.2% | 2023 |
| 10 | Finland | 42.1% | 2023 |
About This Indicator
Definition
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →