Country comparison Armenia vs Latvia

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Gouvernement
GDP Growth (%) [+]20245.9%chart0%2024GDP Growth (%) [+]
5,760K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€23,987Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$25,955Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€7,699chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$8,330chart$23,2432024GDP per capita [+]
€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202411,984chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]202412,967chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202449.96%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€3,896chart€10,1252024Debt Per Capita [+]
Debt Per Capita [+]2024$4,215chart$10,9552024Debt Per Capita [+]
Deficit (M.€) [+]2024-885chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-958chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-3.69%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20246,954.4chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]20247,525.0chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]2023545.3chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]2023587.4chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20258.71%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023327.8chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2023354.7chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20235.46%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20231,218.9chart897.12023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20231,318.4chart970.02023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]202319.96%chart5.63%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202428.99%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€2,261chart€9,9192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$2,446chart$10,4182024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€180chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$194chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€111chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$120chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€402chart€4772023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$435chart$5132023Defence Expenditure P.C. [+]
Moody's Rating [+]06/26/2025Ba3A301/26/2024Moody's Rating [+]
S&P Rating [+]08/25/2023BB-A05/31/2024S&P Rating [+]
Fitch Rating [+]10/15/2020B+A-04/10/2020Fitch Rating [+]
Corruption Index [+]202347chart602023Corruption Index [+]
Competitiveness Ranking [+]201969ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202468.1chart41.42024Fragile States Index [+]
RTI Raking [+]202438ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202463ºchart42º2024Innovation Ranking [+]
Labour
7.1%October 2025Unemployment Rate [+]
Unemployment rate [+]2022Q46.7%chart6.7%2025Q2Unemployment rate [+]
Unemployed [+]2022Q4115Kchart64K2025Q2Unemployed [+]
NMW [+]2024$185.3chart$839.12025NMW [+]
NMW [+]2024€167.5chart€740.02025NMW [+]
$21,8382024Average Wage [+]
€20,1762024Average Wage [+]
Human Capital Ranking [+]201749ºchart28º2017Human Capital Ranking [+]
Markets
Euro / Dram [+]12/08/2025444.5400
US Dollar exchange rate [+]12/08/2025381.5500chart0.858012/08/2025US Dollar exchange rate [+]
7.28%12/08/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]April 20252.7%chart3.8%November 2025CPI (overall index) [+]
3.8%November 2025HICP [+]
0.1%October 2025PPI Year on Year [+]
Money Market
Key rates [+]02/04/20256.75%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202047ºchart19º2020Doing Business [+]
8.7%October 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 2019970chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20190.41chart11.15December 2022Annual Vehicles/ 1,000 p. [+]
457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202222.7%chart35.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/200620.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202023.0%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20221,666,000chart478,0002021Annual arrivals [+]
Exports [+]2023€7,782.5Mchart€19,073.9M2024Exports [+]
Exports [+]2023$8,415.2Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]202334.80%chart47.26%2024Exports % GDP [+]
Imports [+]2023€11,382.6Mchart€21,917.7M2024Imports [+]
Imports [+]2023$12,308.0Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202350.90%chart54.31%2024Imports % GDP [+]
Trade balance [+]2023€-3,600.1Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2023$-3,892.8Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]2023-16.10%chart-7.05%2024Trade balance % GDP [+]
4.1%October 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201543ºchart35º2015Global AgeWatch Ranking [+]
Density [+]2024103chart292024Density [+]
Global Peace Ranking [+]202477ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.50‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20171,539.0chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]20206.42%chart12.65%2020% Immigrant [+]
% Emigrant [+]202032.34%chart20.07%2020% Emigrant [+]
Birth Rate [+]202411.10‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]2017292.2chart335.22017Remittance sent ($M) [+]
Crude death rate [+]20248.40‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.90chart1.362023Fertility Rate [+]
Crude marriage rate [+]20235.50‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202323.7%chart21.6%2024% risk of poverty [+]
Population [+]20243,076,252chart1,856,9322024Population [+]
Immigrant stock [+]2020190,349chart239,4222020Immigrant stock [+]
Emigrant stock [+]2020958,190chart380,0102020Emigrant stock [+]
HDI [+]20220.786chart0.8792022HDI [+]
Gender Gap Ranking [+]202464ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202377.47chart76.702024Life expectancy [+]
Suicides [+]2015162chart2672023Suicides [+]
Suicide rate [+]20155.39chart14.202023Suicide rate [+]
Number of homicides [+]202365chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.21chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20232.63chart3.562023CO2 Tons per capita [+]
Consumption GWh [+]20237,012chart6,6642023Consumption GWh [+]
Generation GWh [+]20238,648chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]11/16/20258,785chart7,66611/16/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]11/16/2025454,865chart977,78411/16/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]10/01/20231,030,758chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]11/16/20252,855.75chart4,128.3111/16/2025COVID-19 - Deaths per million population [+]
Doses administered [+]10/01/20232,256,919chart2,979,62412/23/2023Doses administered [+]
Armenia
Latvia