Country comparison Latvia vs Andorra

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Gouvernement
GDP Growth (%) [+]20240%chart3.8%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,749K
Annual GDP [+]2024€40,359Mchart€3,736M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$4,038M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€42,9002024GDP per capita [+]
GDP per capita [+]2024$23,243chart$46,3592024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart1,2422023Debt (M.€.) [+]
Debt ($M) [+]202420,343chart1,3432023Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart35.47%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€14,5942023Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$15,7822023Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart752023Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart812023Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart2.15%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart1,256.02023Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart1,358.22023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart66.52023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart71.92023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart12.13%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart190.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart206.42023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart15.19%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9
Defence Expenditure ($M) [+]20241,423.2
Defence Expenditure (%Bud.) [+]20247.49%
Expenditure (%GDP) [+]202445.60%chart35.88%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€14,7592023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$15,9602023Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€7812023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$8452023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€2,3602023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$2,5532023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705
Defence Expenditure P.C. [+]2024$757
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024AA-05/10/2024S&P Rating [+]
Fitch Rating [+]04/10/2020A-A-07/08/2022Fitch Rating [+]
Corruption Index [+]202360
Competitiveness Ranking [+]201941º
Fragile States Index [+]202441.4
RTI Raking [+]2024107ºchart94º2024RTI Raking [+]
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]December 20257.0%
Unemployment rate [+]2025Q36.9%chart1.4%2025Q3Unemployment rate [+]
Unemployed [+]2025Q366K
NMW [+]2026$916.5chart$1,520.82024NMW [+]
NMW [+]2026€780.0chart€1,376.32024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]02/10/20260.8408chart0.840802/10/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]02/11/2026-3.18%
Prices
CPI (overall index) [+]December 20253.5%chart2.7%December 2025CPI (overall index) [+]
HICP [+]December 20253.4%
PPI Year on Year [+]December 20250.3%
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202019º
IPI Year on Year [+]December 20251.0%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%chart27.5%2024Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart3,555,1002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€233.4M2023Exports [+]
Exports [+]2024$20,645.2Mchart$252.4M2023Exports [+]
Exports % GDP [+]202447.26%chart6.67%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€1,844.8M2023Imports [+]
Imports [+]2024$23,723.3Mchart$1,994.8M2023Imports [+]
Imports % GDP [+]202454.31%chart52.70%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-1,611.4M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-1,742.4M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-46.03%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20251.0%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart1892025Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0
% Immigrant [+]202012.65%chart58.42%2020% Immigrant [+]
% Emigrant [+]202020.07%chart14.27%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart5.50‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart292.62017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart4.30‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.082023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart5.03‰2024Crude marriage rate [+]
% risk of poverty [+]202522.0%
Population [+]20241,860,565chart89,0582025Population [+]
Immigrant stock [+]2020239,422chart45,5742020Immigrant stock [+]
Emigrant stock [+]2020380,010chart11,1322020Emigrant stock [+]
HDI [+]20220.879chart0.8842022HDI [+]
Gender Gap Ranking [+]202430º
Life expectancy [+]202476.70chart84.102024Life expectancy [+]
Suicides [+]2023267
Suicide rate [+]202314.20
Number of homicides [+]202347chart22020Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart2.582020Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56
Consumption GWh [+]20236,664
Generation GWh [+]20236,202
Others
COVID-19 - Deaths [+]01/18/20267,691chart15901/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/2026977,793chart48,01501/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart53,50109/24/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20264,133.69chart1,785.3501/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart157,07209/24/2023Doses administered [+]
Latvia
Andorra