Social contributions by type of contributors in Latvia

Latvia: Social contributions by type of contributors was 4,430 Million euro in 2024. ◆ Volatile

Latest (2024)
4,430 Million euro
Change on year
up 9.5%
World rank
30th
of 36 countries
All-time high
4,430 Million euro
in 2024
All-time low
586.84 Million euro
in 1997
Years of data
28
1997–2024

Social contributions by type of contributors in Latvia, 1997–2024

1.0k2.0k3.0k4.0k1997201020241997: 586.8 Million euro1998: 658.4 Million euro1999: 738.7 Million euro2000: 858.5 Million euro2001: 883.3 Million euro2002: 936.5 Million euro2003: 905.6 Million euro2004: 994.6 Million euro2005: 1.1k Million euro2006: 1.4k Million euro2007: 1.9k Million euro2008: 2.1k Million euro2009: 1.8k Million euro2010: 1.6k Million euro2011: 1.8k Million euro2012: 2.0k Million euro2013: 2.1k Million euro2014: 2.0k Million euro2015: 2.1k Million euro2016: 2.2k Million euro2017: 2.4k Million euro2018: 2.7k Million euro2019: 2.9k Million euro2020: 2.9k Million euro2021: 3.1k Million euro2022: 3.7k Million euro2023: 4.0k Million euro2024: 4.4k Million euro

Source: Eurostat. Measured in Million euro.

Analysis

In 2024, social contributions by type of contributors in Latvia stood at 4,430 Million euro. That is the highest value across all 28 years on record.

The figure is up 9.5% on the previous year and up 116.9% over ten years.

Over the whole period, social contributions by type of contributors in Latvia peaked at 4,430 Million euro in 2024 and was at its lowest, 586.84 Million euro, in 1997.

That places Latvia 30th out of 36 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 661.32 Million euro 586.84 Million euro 738.72 Million euro 3
2000s 1,284 Million euro 858.54 Million euro 2,086 Million euro 10
2010s 2,168 Million euro 1,584 Million euro 2,915 Million euro 10
2020s 3,655 Million euro 2,942 Million euro 4,430 Million euro 5

Countries ranked near Latvia

  1. 27 Luxembourg 10,370 Million euro compare
  2. 28 Lithuania 6,836 Million euro compare
  3. 29 Estonia 5,067 Million euro compare
  4. 31 Bosnia and Herzegovina 3,859 Million euro compare
  5. 32 Cyprus 3,619 Million euro compare
  6. 33 Iceland 3,155 Million euro compare

See the full ranking of 45 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is social contributions by type of contributors in Latvia?
Social contributions by type of contributors in Latvia was 4,430 Million euro in 2024, according to Eurostat.
What is the highest social contributions by type of contributors recorded in Latvia?
The highest recorded value was 4,430 Million euro in 2024.
What is the lowest social contributions by type of contributors recorded in Latvia?
The lowest recorded value was 586.84 Million euro in 1997.
How does Latvia rank for social contributions by type of contributors?
Latvia ranks 30th out of 36 countries with data for 2024.
Is social contributions by type of contributors rising or falling in Latvia?
Over the last ten years it is up 116.9%. The long-run trend across the full record is volatile.
Where does this Latvia data come from?
The figures come from Eurostat, published as part of Social contributions by type of contributors. Statizoid updates them automatically from the source API.

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About this data

Indicator
Social contributions by type of contributors
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
45 places, 1,186 data points, 1990–2024
Last refreshed