Government revenue as a share of GDP forecast for Latvia 2018-2027
The ratio of government revenue to gross domestic product of Latvia was forecast to decrease between 2022 and 2027 by in total 0.8 percentage points. This overall decrease does not happen continuously, notably not in 2023 and 2027. The ratio is estimated to amount to 34.98 percent in 2027.
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 average inflation rate, gross domestic product per capita and ratio of government expenditure 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 average inflation rate, gross domestic product per capita and ratio of government expenditure to gross domestic product.
