Country comparison Latvia vs Azerbaijan

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Gouvernement
GDP Growth (%) [+]20240%chart4.1%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,749K
Annual GDP [+]2024€40,359Mchart€68,680M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$74,316M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€6,7012024GDP per capita [+]
GDP per capita [+]2024$23,243chart$7,2512024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart14,8852024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart16,1062024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart21.67%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€1,4562024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$1,5752024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart2,7862024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart3,0152024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart4.06%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart23,289.12024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart25,200.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart2,453.62023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart2,651.12023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart11.92%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart932.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart1,009.32023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart4.26%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart3,429.22024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart3,710.52024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart15.23%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart33.91%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€2,2782024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$2,4652024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€2422023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$2622023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€902023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$982023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€3352024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$3622024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Baa307/04/2025Moody's Rating [+]
S&P Rating [+]05/31/2024ANR12/05/2025S&P Rating [+]
Fitch Rating [+]04/10/2020A-BB+04/10/2020Fitch Rating [+]
Corruption Index [+]202360chart232023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart58º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart72.82024Fragile States Index [+]
RTI Raking [+]2024107ºchart50º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart95º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]December 20257.0%
Unemployment rate [+]2025Q36.9%chart5.0%2016Q4Unemployment rate [+]
Unemployed [+]2025Q366Kchart253K2016Q4Unemployed [+]
NMW [+]2026$916.5chart$202.92024NMW [+]
NMW [+]2026€780.0chart€183.82024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart54º2016Human Capital Ranking [+]
Markets
1.791811/16/2024Euro / Manat [+]
US Dollar exchange rate [+]02/13/20260.8430chart1.700011/16/2024US Dollar exchange rate [+]
Stock ExchangeYTD % [+]02/13/2026-2.07%
Prices
CPI (overall index) [+]December 20253.5%
HICP [+]December 20253.4%
PPI Year on Year [+]December 20250.3%
Money Market
Key rates [+]06/11/20252.15%chart6.50%02/05/2026Key rates [+]
Business
Doing Business [+]202019ºchart28º2020Doing Business [+]
IPI Year on Year [+]December 20251.0%
Passengers vehicles Year [+]December 202433,318chart6,046December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart0.67December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart134.142015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart23.0%2023Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart1,508,0002022Annual arrivals [+]
Exports [+]2025€19,604.9Mchart€31,349.9M2023Exports [+]
Exports [+]2025$22,153.1Mchart$33,898.6M2023Exports [+]
Exports % GDP [+]202447.26%chart46.82%2023Exports % GDP [+]
Imports [+]2025€23,255.2Mchart€15,985.7M2023Imports [+]
Imports [+]2025$26,277.9Mchart$17,285.3M2023Imports [+]
Imports % GDP [+]202454.31%chart23.87%2023Imports % GDP [+]
Trade balance [+]2025€-3,650.3Mchart€15,364.2M2023Trade balance [+]
Trade balance [+]2025$-4,124.8Mchart$16,613.3M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart22.94%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20251.0%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart1182024Density [+]
Global Peace Ranking [+]202430ºchart106º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.60‰2022Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart1,050.32017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart2.49%2020% Immigrant [+]
% Emigrant [+]202020.07%chart11.50%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart10.00‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart285.02017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart5.80‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart1.552023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart6.10‰2022Crude marriage rate [+]
% risk of poverty [+]202522.0%chart6.0%2012% risk of poverty [+]
Population [+]20241,860,565chart10,224,8892024Population [+]
Immigrant stock [+]2020239,422chart252,2282020Immigrant stock [+]
Emigrant stock [+]2020380,010chart1,163,9222020Emigrant stock [+]
HDI [+]20220.879chart0.7602022HDI [+]
Gender Gap Ranking [+]202430ºchart103º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart74.432023Life expectancy [+]
Suicides [+]2023267chart3192015Suicides [+]
Suicide rate [+]202314.20chart3.282015Suicide rate [+]
Number of homicides [+]202347chart2062024Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart2.162023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart4.142023CO2 Tons per capita [+]
5912024Annual crude oil production [+]
7,000.02021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart23,8572023Consumption GWh [+]
Generation GWh [+]20236,202chart29,0882023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/20267,691chart10,35301/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/2026977,793chart836,51001/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart4,862,49408/28/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20264,133.69chart1,012.5301/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart13,857,11108/28/2022Doses administered [+]
Latvia
Azerbaijan