Country comparison Italy vs Latvia

Subscribe to our free email alert service
 
Gouvernement
GDP Growth (%) [+]20240.7%chart0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q29,538Kchart5,657K2025Q2Qu. GDP Per Capita [+]
Annual GDP [+]2024€2,199,619Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$2,380,825Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€37,310chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$40,224chart$23,2432024GDP per capita [+]
Quarterly GDP [+]2025Q2€562,122Mchart€10,504M2025Q2Quarterly GDP [+]
Debt (M.€.) [+]20242,966,915chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]20243,210,019chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]2024134.90%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€50,343chart€10,1252024Debt Per Capita [+]
Debt Per Capita [+]2024$54,468chart$10,9552024Debt Per Capita [+]
Deficit (M.€) [+]2024-73,937chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-81,746chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-3.40%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20241,109,154.0chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]20241,199,364.2chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]202281,318.2chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]202285,588.4chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20227.41%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2024137,456,000,000.0chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2024148,779,625,280.0chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202211.85%chart12.06%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]202334,405.5chart897.12023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]202337,201.6chart970.02023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20233.04%chart5.63%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202450.40%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€18,820chart€9,9192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$20,351chart$10,4182024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€1,378chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$1,452chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€2,331chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$2,523chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€583chart€4772023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$627chart$5132023Defence Expenditure P.C. [+]
Moody's Rating [+]05/23/2025Baa3A301/26/2024Moody's Rating [+]
S&P Rating [+]04/11/2025BBB+A05/31/2024S&P Rating [+]
Fitch Rating [+]12/03/2021BBBA-04/10/2020Fitch Rating [+]
Corruption Index [+]202356chart602023Corruption Index [+]
Competitiveness Ranking [+]201930ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.1chart41.42024Fragile States Index [+]
RTI Raking [+]202471ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202426ºchart42º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]September 20256.1%chart6.4%September 2025Unemployment Rate [+]
Unemployment rate [+]2025Q26.6%chart6.7%2025Q2Unemployment rate [+]
Unemployed [+]2025Q21,701Kchart64K2025Q2Unemployed [+]
$839.12025NMW [+]
€740.02025NMW [+]
Average Wage [+]2024$38,550chart$21,8382024Average Wage [+]
Average Wage [+]2024€35,616chart€20,1762024Average Wage [+]
Human Capital Ranking [+]201735ºchart28º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]11/07/20250.8650chart0.865011/07/2025US Dollar exchange rate [+]
10-Year Bond Yield [+]11/07/20253.43%
Risk Premium [+]11/04/202575
Stock ExchangeYTD % [+]11/07/202525.54%chart5.41%11/08/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]March 20252.0%chart4.1%September 2025CPI (overall index) [+]
HICP [+]October 20251.3%chart4.2%October 2025HICP [+]
PPI Year on Year [+]September 20251.5%chart-0.4%September 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202058ºchart19º2020Doing Business [+]
IPI Year on Year [+]August 2025-2.7%chart6.5%September 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 20242,975,569chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202225.50chart11.20December 2022Annual Vehicles/ 1,000 p. [+]
Motor vehicle production [+]2023880,085
Vehicles / 1,000 people [+]2021765.75chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202442.5%chart35.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]10/01/201322.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202252.2%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]202249,811,000chart478,0002021Annual arrivals [+]
Exports [+]2024€623,508.7Mchart€19,073.9M2024Exports [+]
Exports [+]2024$674,873.4Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]202428.35%chart47.26%2024Exports % GDP [+]
Imports [+]2024€568,745.6Mchart€21,917.7M2024Imports [+]
Imports [+]2024$615,598.9Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202425.86%chart54.31%2024Imports % GDP [+]
Trade balance [+]2024€54,763.1Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2024$59,274.5Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]20242.49%chart-7.05%2024Trade balance % GDP [+]
Retail Sales YoY [+]September 2025-2.1%chart2.6%September 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201537ºchart35º2015Global AgeWatch Ranking [+]
Density [+]2024195chart292024Density [+]
Global Peace Ranking [+]202433ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.40‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20179,287.4chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202010.78%chart12.65%2020% Immigrant [+]
% Emigrant [+]20205.50%chart20.07%2020% Emigrant [+]
Birth Rate [+]20246.30‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]201717,369.1chart335.22017Remittance sent ($M) [+]
Crude death rate [+]202411.00‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.21chart1.362023Fertility Rate [+]
Crude marriage rate [+]20233.10‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202418.9%chart21.6%2024% risk of poverty [+]
Population [+]202458,934,177chart1,856,9322024Population [+]
Immigrant stock [+]20206,386,998chart239,4222020Immigrant stock [+]
Emigrant stock [+]20203,258,831chart380,0102020Emigrant stock [+]
HDI [+]20220.906chart0.8792022HDI [+]
Gender Gap Ranking [+]202487ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202484.10chart76.702024Life expectancy [+]
Suicides [+]20223,906chart2672023Suicides [+]
Suicide rate [+]20226.53chart14.202023Suicide rate [+]
Number of homicides [+]2023338chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20230.57chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20235.19chart3.562023CO2 Tons per capita [+]
Annual crude oil production [+]202485
Crude Oil Reserves [+]2021497.9
Consumption GWh [+]2023287,394chart6,6642023Consumption GWh [+]
Generation GWh [+]2023254,659chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]09/28/2025198,523chart7,64109/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]09/28/202526,968,605chart977,78309/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]12/23/202349,484,584chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]09/28/20253,368.55chart4,114.8509/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/2023150,321,540chart2,979,62412/23/2023Doses administered [+]
Italy
Latvia