Country comparison Latvia vs Armenia

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Gouvernement
GDP Growth (%) [+]20252.1%chart5.9%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q45,942K
Annual GDP [+]2025€43,026Mchart€23,987M2024Annual GDP [+]
Annual GDP [+]2025$48,619Mchart$25,955M2024Annual GDP [+]
GDP per capita [+]2025€23,410chart€7,6992024GDP per capita [+]
GDP per capita [+]2025$26,131chart$8,3302024GDP per capita [+]
Quarterly GDP [+]2025Q4€11,055M
Debt (M.€.) [+]202418,802chart11,9842024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart12,9672024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart49.96%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€3,8962024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$4,2152024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-8852024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-9582024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-3.69%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart6,954.42024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart7,525.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.9chart545.32023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart587.42023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart8.71%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847.5chart327.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999.7chart354.72023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart5.46%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,324.4chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,433.6chart1,422.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart18.33%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart28.99%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€2,2612024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$2,4462024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€1802023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$1942023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€1112023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$1202023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€710chart€4222024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$4572024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Ba306/26/2025Moody's Rating [+]
S&P Rating [+]05/31/2024ABB-02/20/2026S&P Rating [+]
Fitch Rating [+]04/10/2020A-B+10/15/2020Fitch Rating [+]
Corruption Index [+]202360chart472023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart69º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart68.12024Fragile States Index [+]
RTI Raking [+]2024107ºchart38º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart63º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]January 20266.9%
Unemployment rate [+]2025Q46.7%chart6.7%2022Q4Unemployment rate [+]
Unemployed [+]2025Q464Kchart115K2022Q4Unemployed [+]
NMW [+]2026$916.5chart$185.32024NMW [+]
NMW [+]2026€780.0chart€167.52024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart49º2017Human Capital Ranking [+]
Markets
432.700003/14/2026Euro / Dram [+]
US Dollar exchange rate [+]03/13/20260.8714chart377.540003/14/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]03/13/2026-2.30%
Prices
CPI (overall index) [+]February 20262.3%chart2.7%April 2025CPI (overall index) [+]
PPI Year on Year [+]January 20261.2%
Money Market
Key rates [+]06/11/20252.15%chart6.50%12/16/2025Key rates [+]
Business
Doing Business [+]202019ºchart47º2020Doing Business [+]
IPI Year on Year [+]January 202613.3%
Passengers vehicles Year [+]December 202433,318chart970December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart0.41December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%chart23.5%2023Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart20.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart23.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart1,666,0002022Annual arrivals [+]
Exports [+]2025€19,604.9Mchart€7,782.5M2023Exports [+]
Exports [+]2025$22,153.1Mchart$8,415.2M2023Exports [+]
Exports % GDP [+]202545.57%chart34.80%2023Exports % GDP [+]
Imports [+]2025€23,255.2Mchart€11,382.6M2023Imports [+]
Imports [+]2025$26,277.9Mchart$12,308.0M2023Imports [+]
Imports % GDP [+]202554.05%chart50.90%2023Imports % GDP [+]
Trade balance [+]2025€-3,650.3Mchart€-3,600.1M2023Trade balance [+]
Trade balance [+]2025$-4,124.8Mchart$-3,892.8M2023Trade balance [+]
Trade balance % GDP [+]2025-8.48%chart-16.10%2023Trade balance % GDP [+]
Retail Sales YoY [+]January 20265.9%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart43º2015Global AgeWatch Ranking [+]
Density [+]202429chart1032024Density [+]
Global Peace Ranking [+]202430ºchart77º2024Global Peace Ranking [+]
Crude divorce rate [+]20242.80‰chart1.50‰2023Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart1,539.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart6.42%2020% Immigrant [+]
% Emigrant [+]202020.07%chart32.34%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart11.10‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart292.22017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart8.40‰2024Crude death rate [+]
Fertility Rate [+]20241.24chart1.902023Fertility Rate [+]
Crude marriage rate [+]20245.50‰chart5.50‰2023Crude marriage rate [+]
% risk of poverty [+]202522.0%chart23.7%2023% risk of poverty [+]
Population [+]20241,860,565chart3,076,2522024Population [+]
Immigrant stock [+]2020239,422chart190,3492020Immigrant stock [+]
Emigrant stock [+]2020380,010chart958,1902020Emigrant stock [+]
HDI [+]20220.879chart0.7862022HDI [+]
Gender Gap Ranking [+]202430ºchart64º2024Gender Gap Ranking [+]
Life expectancy [+]202476.40chart77.472023Life expectancy [+]
Suicides [+]2023267chart1622015Suicides [+]
Suicide rate [+]202314.38chart5.392015Suicide rate [+]
Number of homicides [+]202347chart652023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart2.212023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart2.632023CO2 Tons per capita [+]
Consumption GWh [+]20246,623chart7,0182024Consumption GWh [+]
Generation GWh [+]20245,913chart9,0282024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/22/20267,720chart8,78502/22/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/22/2026977,798chart454,89402/22/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart1,030,75810/01/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/22/20264,149.28chart2,855.7502/22/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart2,256,91910/01/2023Doses administered [+]
Latvia
Armenia