Country comparison Belgium vs Latvia

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Gouvernement
GDP Growth (%) [+]20241.1%chart0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q313,538Kchart5,760K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€620,272Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$671,370Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€52,340chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$56,221chart$23,2432024GDP per capita [+]
Quarterly GDP [+]2025Q3€161,101Mchart€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]2024644,398chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]2024695,626chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]2024103.90%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€54,151chart€10,1252024Debt Per Capita [+]
Debt Per Capita [+]2024$58,455chart$10,9552024Debt Per Capita [+]
Deficit (M.€) [+]2024-27,058chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-30,027chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-4.40%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]2024335,287.5chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]2024361,996.9chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]202235,238.8chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]202237,255.9chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202212.02%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]202449,726,639,000.0chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]202453,823,119,520.8chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202314.93%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20247,921.2chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20248,573.8chart1,423.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20242.36%chart7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202454.10%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€28,175chart€9,9192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$30,420chart$10,4182024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€3,017chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$3,210chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€4,208chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$4,555chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€668chart€7052024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$718chart$7572024Defence Expenditure P.C. [+]
Moody's Rating [+]10/11/2024Aa3A301/26/2024Moody's Rating [+]
S&P Rating [+]11/25/2011AAA05/31/2024S&P Rating [+]
Fitch Rating [+]04/03/2020AA-A-04/10/2020Fitch Rating [+]
Corruption Index [+]202373chart602023Corruption Index [+]
Competitiveness Ranking [+]201922ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202430.3chart41.42024Fragile States Index [+]
RTI Raking [+]2024122ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202424ºchart42º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20256.4%chart7.1%November 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.4%chart6.9%2025Q3Unemployment rate [+]
Unemployed [+]2025Q3351Kchart66K2025Q3Unemployed [+]
NMW [+]2025$2,394.8chart$839.12025NMW [+]
NMW [+]2025€2,112.0chart€740.02025NMW [+]
Average Wage [+]2024$65,853chart$21,8382024Average Wage [+]
Average Wage [+]2024€60,841chart€20,1762024Average Wage [+]
Human Capital Ranking [+]201715ºchart28º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]01/22/20260.8543chart0.854301/22/2026US Dollar exchange rate [+]
10-Year Bond Yield [+]01/22/20263.32%
Risk Premium [+]01/22/202643
Stock ExchangeYTD % [+]01/22/20264.96%chart0.63%01/22/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]November 20252.4%chart3.5%December 2025CPI (overall index) [+]
HICP [+]December 20252.2%chart3.4%December 2025HICP [+]
PPI Year on Year [+]November 20250.4%chart1.4%November 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202046ºchart19º2020Doing Business [+]
IPI Year on Year [+]November 20250.5%chart6.9%November 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 2024849,888chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202236.75chart11.20December 2022Annual Vehicles/ 1,000 p. [+]
Motor vehicle production [+]2023332,103
Vehicles / 1,000 people [+]2021591.19chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202444.5%chart35.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/200621.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202260.2%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20228,220,000chart478,0002021Annual arrivals [+]
Exports [+]2024€512,373.7Mchart€19,073.9M2024Exports [+]
Exports [+]2024$554,583.1Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]202482.60%chart47.26%2024Exports % GDP [+]
Imports [+]2024€486,057.3Mchart€21,917.7M2024Imports [+]
Imports [+]2024$526,098.7Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202478.36%chart54.31%2024Imports % GDP [+]
Trade balance [+]2024€26,316.4Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2024$28,484.4Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]20244.24%chart-7.05%2024Trade balance % GDP [+]
Retail Sales YoY [+]November 20250.6%chart2.9%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201524ºchart35º2015Global AgeWatch Ranking [+]
Density [+]2024388chart292024Density [+]
Global Peace Ranking [+]202416ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.70‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]201710,273.0chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202017.36%chart12.65%2020% Immigrant [+]
% Emigrant [+]20205.00%chart20.07%2020% Emigrant [+]
Birth Rate [+]20249.20‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]20176,021.6chart335.22017Remittance sent ($M) [+]
Crude death rate [+]20249.50‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.47chart1.362023Fertility Rate [+]
Crude marriage rate [+]20234.00‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202411.4%chart21.6%2024% risk of poverty [+]
Population [+]202411,900,123chart1,856,9322024Population [+]
Immigrant stock [+]20202,005,479chart239,4222020Immigrant stock [+]
Emigrant stock [+]2020577,463chart380,0102020Emigrant stock [+]
HDI [+]20220.942chart0.8792022HDI [+]
Gender Gap Ranking [+]202412ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202482.60chart76.702024Life expectancy [+]
Suicides [+]20231,585chart2672023Suicides [+]
Suicide rate [+]202313.41chart14.202023Suicide rate [+]
Number of homicides [+]2021125chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20211.08chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20237.18chart3.562023CO2 Tons per capita [+]
Consumption GWh [+]202374,557chart6,6642023Consumption GWh [+]
Generation GWh [+]202377,357chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/202534,339chart7,67912/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/20254,904,520chart977,78812/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]02/11/20249,170,945chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20252,885.60chart4,135.3212/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]02/11/202431,469,388chart2,979,62412/23/2023Doses administered [+]
Belgium
Latvia