Country comparison Azerbaijan vs Latvia

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Gouvernement
GDP Growth (%) [+]20244.1%chart2.1%2025GDP Growth (%) [+]
5,942K2025Q4Qu. GDP Per Capita [+]
Annual GDP [+]2024€68,680Mchart€43,026M2025Annual GDP [+]
Annual GDP [+]2024$74,316Mchart$48,619M2025Annual GDP [+]
GDP per capita [+]2024€6,701chart€23,4102025GDP per capita [+]
GDP per capita [+]2024$7,251chart$26,1312025GDP per capita [+]
€11,055M2025Q4Quarterly GDP [+]
Debt (M.€.) [+]202414,885chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]202416,106chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202421.67%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€1,456chart€10,1052024Debt Per Capita [+]
Debt Per Capita [+]2024$1,575chart$10,9342024Debt Per Capita [+]
Deficit (M.€) [+]20242,786chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]20243,015chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]20244.06%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202423,289.1chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]202425,200.0chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20232,451.2chart1,558.92022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20232,651.1chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202511.92%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023932.8chart1,847.52024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20231,009.3chart1,999.72024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20234.26%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20243,429.2chart1,324.42024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20243,710.5chart1,433.62024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]202415.23%chart7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202433.91%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€2,278chart€9,9002024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$2,465chart$10,3982024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€242chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$262chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€90chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$98chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€335chart€7102024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$362chart$7572024Defence Expenditure P.C. [+]
Moody's Rating [+]07/04/2025Baa3A301/26/2024Moody's Rating [+]
S&P Rating [+]12/05/2025NRA05/31/2024S&P Rating [+]
Fitch Rating [+]04/10/2020BB+A-04/10/2020Fitch Rating [+]
Corruption Index [+]202323chart602023Corruption Index [+]
Competitiveness Ranking [+]201958ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202472.8chart41.42024Fragile States Index [+]
RTI Raking [+]202450ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202495ºchart42º2024Innovation Ranking [+]
Labour
6.7%February 2026Unemployment Rate [+]
Unemployment rate [+]2016Q45.0%chart6.7%2025Q4Unemployment rate [+]
Unemployed [+]2016Q4253Kchart64K2025Q4Unemployed [+]
NMW [+]2024$202.9chart$916.52026NMW [+]
NMW [+]2024€183.8chart€780.02026NMW [+]
$21,8382024Average Wage [+]
€20,1762024Average Wage [+]
Human Capital Ranking [+]201654ºchart28º2017Human Capital Ranking [+]
Markets
Euro / Manat [+]04/10/20261.9877
US Dollar exchange rate [+]04/10/20261.7000chart0.853904/10/2026US Dollar exchange rate [+]
-4.77%04/11/2026Stock ExchangeYTD % [+]
Prices
3.4%March 2026CPI (overall index) [+]
-0.6%February 2026PPI Year on Year [+]
Money Market
Key rates [+]02/05/20266.50%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202028ºchart19º2020Doing Business [+]
4.0%February 2026IPI Year on Year [+]
Passengers vehicles Year [+]December 20196,046chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20190.67chart11.20December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2015134.14chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202323.0%chart35.4%2024Tax Revenue (%GDP) [+]
21.00%07/01/2012Standard VAT [+]
31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20221,508,000chart478,0002021Annual arrivals [+]
Exports [+]2023€31,349.9Mchart€19,668.0M2025Exports [+]
Exports [+]2023$33,898.6Mchart$22,224.5M2025Exports [+]
Exports % GDP [+]202346.82%chart45.71%2025Exports % GDP [+]
Imports [+]2023€15,985.7Mchart€23,360.4M2025Imports [+]
Imports [+]2023$17,285.3Mchart$26,396.8M2025Imports [+]
Imports % GDP [+]202323.87%chart54.29%2025Imports % GDP [+]
Trade balance [+]2023€15,364.2Mchart€-3,692.4M2025Trade balance [+]
Trade balance [+]2023$16,613.3Mchart$-4,172.3M2025Trade balance [+]
Trade balance % GDP [+]202322.94%chart-8.58%2025Trade balance % GDP [+]
4.2%February 2026Retail Sales YoY [+]
Socio-Demography
35º2015Global AgeWatch Ranking [+]
Density [+]2024118chart292024Density [+]
Global Peace Ranking [+]2024106ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20221.60‰chart2.80‰2024Crude divorce rate [+]
Remittance received ($M) [+]20171,050.3chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]20202.49%chart12.65%2020% Immigrant [+]
% Emigrant [+]202011.50%chart20.07%2020% Emigrant [+]
Birth Rate [+]202410.00‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]2017285.0chart335.22017Remittance sent ($M) [+]
Crude death rate [+]20245.80‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.55chart1.242024Fertility Rate [+]
Crude marriage rate [+]20226.10‰chart5.50‰2024Crude marriage rate [+]
% risk of poverty [+]20126.0%chart22.0%2025% risk of poverty [+]
Population [+]202410,224,889chart1,856,9322024Population [+]
Immigrant stock [+]2020252,228chart239,4222020Immigrant stock [+]
Emigrant stock [+]20201,163,922chart380,0102020Emigrant stock [+]
HDI [+]20220.760chart0.8792022HDI [+]
Gender Gap Ranking [+]2024103ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202374.43chart76.402024Life expectancy [+]
Suicides [+]2015319chart2672023Suicides [+]
Suicide rate [+]20153.28chart14.382023Suicide rate [+]
Number of homicides [+]2024206chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.16chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20234.14chart3.562023CO2 Tons per capita [+]
Annual crude oil production [+]2025561
Crude Oil Reserves [+]20217,000.0
Consumption GWh [+]202424,465chart6,6232024Consumption GWh [+]
Generation GWh [+]202427,832chart5,9132024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/22/202610,353chart7,72002/22/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/22/2026836,510chart977,79802/22/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]08/28/20224,862,494chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/22/20261,012.53chart4,149.2802/22/2026COVID-19 - Deaths per million population [+]
Doses administered [+]08/28/202213,857,111chart2,979,62412/23/2023Doses administered [+]
Azerbaijan
Latvia