Country comparison Latvia vs Australia

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Gouvernement
GDP Growth (%) [+]20240%chart1.4%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,749Kchart14,654K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€1,659,335M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$1,833,822M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€60,5602024GDP per capita [+]
GDP per capita [+]2024$23,243chart$65,5292024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€401,520M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart841,5352024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart910,5872024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart50.72%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€30,7132024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$33,2332024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-37,3302024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-40,3932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-2.25%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart646,226.92024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart699,253.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart82,829.82022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart85,543.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart12.65%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart126,435,864,268.72024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart136,006.72023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart21.01%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart31,258.42024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart34,545.32024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart4.96%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart38.95%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€23,5852024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$25,5202024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€3,1472022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$3,3172022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€4,6482024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$5,1422023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€1,1412024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$1,2342024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aaa10/09/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AAAA06/06/2021S&P Rating [+]
Fitch Rating [+]04/10/2020A-AAA05/21/2020Fitch Rating [+]
Corruption Index [+]202360chart752023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart16º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart19.62024Fragile States Index [+]
RTI Raking [+]2024107ºchart65º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart23º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]December 20257.0%chart4.1%December 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart3.8%2024Q4Unemployment rate [+]
Unemployed [+]2025Q366Kchart575K2024Q4Unemployed [+]
NMW [+]2026$916.5chart$2,497.82025NMW [+]
NMW [+]2026€780.0chart€2,407.82025NMW [+]
Average Wage [+]2024$21,838chart$63,8642017Average Wage [+]
Average Wage [+]2024€20,176chart€61,9312024Average Wage [+]
Human Capital Ranking [+]201728ºchart20º2017Human Capital Ranking [+]
Markets
1.688002/06/2026Euro / Australian dollars [+]
US Dollar exchange rate [+]02/06/20260.8479chart1.440102/06/2026US Dollar exchange rate [+]
4.81%02/06/202610-Year Bond Yield [+]
19602/06/2026Risk Premium [+]
Stock ExchangeYTD % [+]02/06/2026-4.00%chart-0.06%02/06/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart3.6%December 2025CPI (overall index) [+]
HICP [+]December 20253.4%
PPI Year on Year [+]December 20250.3%chart3.5%December 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart3.85%02/04/2026Key rates [+]
Business
Doing Business [+]202019ºchart14º2020Doing Business [+]
IPI Year on Year [+]December 20251.0%
Passengers vehicles Year [+]December 202433,318chart753,256December 2021Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart40.73December 2021Annual Vehicles/ 1,000 p. [+]
98,6322017Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart738.342020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart29.4%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart10.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart47.0%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart9,465,9002019Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€343,362.7M2023Exports [+]
Exports [+]2024$20,645.2Mchart$371,278.1M2023Exports [+]
Exports % GDP [+]202447.26%chart21.32%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€265,797.1M2023Imports [+]
Imports [+]2024$23,723.3Mchart$287,406.4M2023Imports [+]
Imports % GDP [+]202454.31%chart16.50%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€77,565.6M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$83,126.1M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart4.82%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20251.0%chart4.9%June 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart17º2015Global AgeWatch Ranking [+]
Density [+]202429chart42024Density [+]
Global Peace Ranking [+]202430ºchart19º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart1,940.52017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart29.99%2020% Immigrant [+]
% Emigrant [+]202020.07%chart2.34%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart10.80‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart16,887.92017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart6.90‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.502023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202522.0%chart13.4%2020% risk of poverty [+]
Population [+]20241,860,565chart27,400,0002024Population [+]
Immigrant stock [+]2020239,422chart7,685,8602020Immigrant stock [+]
Emigrant stock [+]2020380,010chart598,7652020Emigrant stock [+]
HDI [+]20220.879chart0.9462022HDI [+]
Gender Gap Ranking [+]202430ºchart24º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart83.052023Life expectancy [+]
Suicides [+]2023267chart3,2142023Suicides [+]
Suicide rate [+]202314.20chart12.102023Suicide rate [+]
Number of homicides [+]202347chart2262023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.852023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart14.212023CO2 Tons per capita [+]
2702024Annual crude oil production [+]
2,446.02021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart256,0462023Consumption GWh [+]
Generation GWh [+]20236,202chart269,2362023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/04/20267,682chart25,23601/04/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/04/2026977,790chart11,861,16101/04/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart21,648,82403/24/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/04/20264,136.93chart921.0201/04/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart69,686,75012/31/2023Doses administered [+]
Latvia
Australia