Government revenue as a share of GDP in Latvia 2010-2029
The ratio of government revenue to gross domestic product (GDP) in Latvia was forecast to decrease between 2024 and 2029 by in total 0.3 percentage points. This overall decrease does not happen continuously, notably not in 2026 and 2029. The ratio is estimated to amount to 37.53 percent in 2029.
Depicted here is the general government revenue as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. The gross domestic product represents the total value of final goods and services produced during a year.
Find more statistics on other topics about Latvia with key insights such as gross domestic product per capita, share in the global gdp adjusted for purchasing power parity and ratio of national debt to gross domestic product.
Depicted here is the general government revenue as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. The gross domestic product represents the total value of final goods and services produced during a year.
Find more statistics on other topics about Latvia with key insights such as gross domestic product per capita, share in the global gdp adjusted for purchasing power parity and ratio of national debt to gross domestic product.
