Country comparison Germany vs Latvia

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Gouvernement
GDP Growth (%) [+]2024-0.5%chart0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q313,414Kchart5,760K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€4,328,970Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$4,685,593Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€51,830chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$56,087chart$23,2432024GDP per capita [+]
Quarterly GDP [+]2025Q3€1,121,083Mchart€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]20242,693,780chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]20242,972,835chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202462.20%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€32,231chart€10,1252024Debt Per Capita [+]
Debt Per Capita [+]2024$35,570chart$10,9552024Debt Per Capita [+]
Deficit (M.€) [+]2024-115,295chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-124,755chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-2.70%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20242,139,717.0chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]20242,315,290.7chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]2023188,813.7chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]2023204,158.4chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20239.26%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2024455,619,000,000.0chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2024493,152,893,220.0chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202319.21%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]202481,900.0chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]202488,646.9chart1,423.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20243.93%chart7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202449.40%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€25,602chart€9,9192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$27,702chart$10,4182024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€2,267chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$2,452chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€5,459chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$5,909chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€981chart€7052024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$1,061chart$7572024Defence Expenditure P.C. [+]
Moody's Rating [+]05/09/2025AaaA301/26/2024Moody's Rating [+]
S&P Rating [+]08/17/1983AAAA05/31/2024S&P Rating [+]
Fitch Rating [+]01/17/2020AAAA-04/10/2020Fitch Rating [+]
Corruption Index [+]202378chart602023Corruption Index [+]
Competitiveness Ranking [+]20197ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202424.0chart41.42024Fragile States Index [+]
RTI Raking [+]2024127ºchart107º2024RTI Raking [+]
Innovation Ranking [+]20249ºchart42º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20253.8%chart7.1%November 2025Unemployment Rate [+]
Unemployment rate [+]2025Q33.9%chart6.9%2025Q3Unemployment rate [+]
Unemployed [+]2025Q31,742Kchart66K2025Q3Unemployed [+]
NMW [+]2025$2,450.4chart$839.12025NMW [+]
NMW [+]2025€2,161.0chart€740.02025NMW [+]
Average Wage [+]2024$68,501chart$21,8382024Average Wage [+]
Average Wage [+]2024€63,288chart€20,1762024Average Wage [+]
Human Capital Ranking [+]20176ºchart28º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]01/15/20260.8603chart0.860301/15/2026US Dollar exchange rate [+]
10-Year Bond Yield [+]01/15/20262.82%
Stock ExchangeYTD % [+]01/15/20263.52%chart1.19%01/15/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]November 20252.3%chart3.5%December 2025CPI (overall index) [+]
HICP [+]December 20252.0%chart3.5%December 2025HICP [+]
PPI Year on Year [+]November 2025-2.2%chart1.4%November 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202022ºchart19º2020Doing Business [+]
IPI Year on Year [+]November 20251.0%chart6.9%November 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 20245,421,109chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202235.66chart11.20December 2022Annual Vehicles/ 1,000 p. [+]
Motor vehicle production [+]20234,109,371
Vehicles / 1,000 people [+]2021633.46chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202440.7%chart35.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/200719.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202247.5%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]202228,463,000chart478,0002021Annual arrivals [+]
Exports [+]2024€1,548,966.1Mchart€19,073.9M2024Exports [+]
Exports [+]2024$1,676,569.9Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]202435.78%chart47.26%2024Exports % GDP [+]
Imports [+]2024€1,306,615.3Mchart€21,917.7M2024Imports [+]
Imports [+]2024$1,414,254.3Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202430.18%chart54.31%2024Imports % GDP [+]
Trade balance [+]2024€242,350.8Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2024$262,315.7Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]20245.60%chart-7.05%2024Trade balance % GDP [+]
Retail Sales YoY [+]November 20251.1%chart2.9%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]20154ºchart35º2015Global AgeWatch Ranking [+]
Density [+]2024234chart292024Density [+]
Global Peace Ranking [+]202420ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20211.70‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]201716,833.3chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202018.96%chart12.65%2020% Immigrant [+]
% Emigrant [+]20204.64%chart20.07%2020% Emigrant [+]
Birth Rate [+]20248.10‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]201724,670.9chart335.22017Remittance sent ($M) [+]
Crude death rate [+]202412.10‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.39chart1.362023Fertility Rate [+]
Crude marriage rate [+]20234.30‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202415.5%chart21.6%2024% risk of poverty [+]
Population [+]202483,577,140chart1,856,9322024Population [+]
Immigrant stock [+]202015,762,457chart239,4222020Immigrant stock [+]
Emigrant stock [+]20203,855,268chart380,0102020Emigrant stock [+]
HDI [+]20220.950chart0.8792022HDI [+]
Gender Gap Ranking [+]20247ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202481.50chart76.702024Life expectancy [+]
Suicides [+]202310,426chart2672023Suicides [+]
Suicide rate [+]202312.49chart14.202023Suicide rate [+]
Number of homicides [+]2023770chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20230.91chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20237.06chart3.562023CO2 Tons per capita [+]
Annual crude oil production [+]202429
Crude Oil Reserves [+]2021115.2
Consumption GWh [+]2023475,920chart6,6642023Consumption GWh [+]
Generation GWh [+]2023493,697chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/2025174,979chart7,67412/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/202538,437,937chart977,78612/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]12/23/202363,566,136chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20252,093.62chart4,132.6212/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/2023193,241,460chart2,979,62412/23/2023Doses administered [+]
Germany
Latvia