VAT rate by COICOP consumption purpose - experimental statistics in Latvia

Latvia: VAT rate by COICOP consumption purpose - experimental statistics was 5.0% in 2021. ▼ Falling

Latest (2021)
5.0%
Change on year
unchanged
World rank
12th
of 28 countries
All-time high
22.0%
in 2011
All-time low
5.0%
in 2018
Years of data
14
2008–2021

VAT rate by COICOP consumption purpose - experimental statistics in Latvia, 2008–2021

51015202008201420212008: 18 Percentage2009: 21 Percentage2010: 21 Percentage2011: 22 Percentage2012: 21 Percentage2013: 21 Percentage2014: 21 Percentage2015: 21 Percentage2016: 21 Percentage2017: 12 Percentage2018: 5 Percentage2019: 5 Percentage2020: 5 Percentage2021: 5 Percentage

Source: Eurostat. Measured in Percentage.

Analysis

In 2021, vat rate by coicop consumption purpose - experimental statistics in Latvia stood at 5.0%. That is the lowest value across all 14 years on record.

Compared with earlier readings it is down 77.3% over ten years.

Over the whole period, vat rate by coicop consumption purpose - experimental statistics in Latvia peaked at 22.0% in 2011 and was at its lowest, 5.0%, in 2018.

Latvia ranks 12th of 28 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 14 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 19.5% 18.0% 21.0% 2
2010s 17.0% 5.0% 22.0% 10
2020s 5.0% 5.0% 5.0% 2

Countries ranked near Latvia

  1. 10 Sweden 8.8% compare
  2. 11 Portugal 6.0% compare
  3. 12 Austria 5.0% compare
  4. 12 Cyprus 5.0% compare
  5. 12 Croatia 5.0% compare
  6. 12 Hungary 5.0% compare
  7. 12 Poland 5.0% compare
  8. 12 Romania 5.0% compare
  9. 12 Slovenia 5.0% compare

See the full ranking of 28 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is vat rate by coicop consumption purpose - experimental statistics in Latvia?
Vat rate by coicop consumption purpose - experimental statistics in Latvia was 5.0% in 2021, according to Eurostat.
What is the highest vat rate by coicop consumption purpose - experimental statistics recorded in Latvia?
The highest recorded value was 22.0% in 2011.
What is the lowest vat rate by coicop consumption purpose - experimental statistics recorded in Latvia?
The lowest recorded value was 5.0% in 2018.
How does Latvia rank for vat rate by coicop consumption purpose - experimental statistics?
Latvia ranks 12th out of 28 countries with data for 2021.
Is vat rate by coicop consumption purpose - experimental statistics rising or falling in Latvia?
Over the last ten years it is down 77.3%. The long-run trend across the full record is falling.
Where does this Latvia data come from?
The figures come from Eurostat, published as part of VAT rate by COICOP consumption purpose - experimental statistics. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Eurostat).

About this data

Indicator
VAT rate by COICOP consumption purpose - experimental statistics
Unit
Percentage
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
28 places, 362 data points, 2008–2021
Last refreshed