Lorenzo Macchi
Research expert covering society, economy, and politics for Italy
Get in touch with us nowRatio of government revenue to gross domestic product (GDP) in Latvia 1998 to 2030
This statistic shows the ratio of government revenue to gross domestic product (GDP) in Latvia which amounts to approximately ***** percent in 2025.
Fluctuating rise between 1998 and 2025
Compared to the earliest depicted observation from 1998 there is a total increase by approximately **** percentage points. Looking at the trajectory between 1998 and 2025, one can observe that this increase however did not happen continuously.
Fluctuating rise between 2025 and 2030
In 2030 the ratio will amount to close to ***** percent, according to forecasts. Compared to 2025 that is an overall increase by approximately **** percentage points.
The indicator shows the general government revenue as a share of the national gross domestic product. 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.
