Latvia—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #126 of 137
Latest Value
8.7%
2023
YoY Change
+3.0%
2022 → 2023
Global Rank
#126
of 137 countries
Maximum
15.6%
2008
Minimum
5.7%
2018
CAGR
-1.1%
24 years
Last
8.7%
Previous
8.4%
Highest
15.6%
Lowest
5.7%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 8.7% | +3.0% |
| 2022 | 8.4% | +7.3% |
| 2021 | 7.8% | +21.6% |
| 2020 | 6.4% | +5.6% |
| 2019 | 6.1% | +7.1% |
| 2018 | 5.7% | -44.9% |
| 2017 | 10.3% | +0.7% |
| 2016 | 10.2% | +10.3% |
| 2015 | 9.3% | +2.2% |
| 2014 | 9.1% | -2.9% |
| 2013 | 9.3% | +2.5% |
| 2012 | 9.1% | +12.9% |
| 2011 | 8.1% | +9.2% |
| 2010 | 7.4% | -15.3% |
| 2009 | 8.7% | -44.1% |
| 2008 | 15.6% | +13.9% |
| 2007 | 13.7% | +12.7% |
| 2006 | 12.2% | -0.3% |
| 2005 | 12.2% | +0.3% |
| 2004 | 12.2% | +4.5% |
| 2003 | 11.6% | -12.6% |
| 2002 | 13.3% | +3.0% |
| 2001 | 12.9% | +15.9% |
| 2000 | 11.2% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.2% | 2023 |
| 3 | New Zealand | 56.9% | 2023 |
| 4 | United States | 56.7% | 2024 |
| 5 | Canada | 54.6% | 2024 |
| 6 | Ireland | 49.7% | 2022 |
| 7 | Malaysia | 49.4% | 2023 |
| 8 | Denmark | 48.9% | 2023 |
| 9 | South Africa | 48.0% | 2023 |
| 10 | Nicaragua | 41.8% | 2023 |
About This Indicator
Definition
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →