CPI

2.5%

-0.4

CPI

6.1%

-0.7

CPI

1.9%

-0.4

Unemployment

4.1%

-0.1

Unemployment

4.2%

-0.1

Rate

5.50%

-0.25

Unemployment

2.9%

0.2

CPI

1.1%

-0.3

  1. Countries data: Demographic and economy

Country comparison Latvia vs Barbados

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Gouvernement
Qu. GDP Per Capita [+]2024Q25,554K
Annual GDP [+]2023€40,348Mchart€5,913M2023Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$6,394M2023Annual GDP [+]
GDP per capita [+]2023€21,440chart€21,0272023GDP per capita [+]
GDP per capita [+]2023$23,307chart$22,7372023GDP per capita [+]
Quarterly GDP [+]2024Q2€10,397M
Debt (M.€.) [+]202317,581chart6,9412022Debt (M.€.) [+]
Debt ($M) [+]202319,011chart7,0472022Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart117.88%2022Debt (%GDP) [+]
Debt Per Capita [+]2023€9,392chart€24,6852022Debt Per Capita [+]
Debt Per Capita [+]2023$10,156chart$25,0622022Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart-1162022Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart-1892022Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart-3.16%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart1,797.02022Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart1,956.82022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart303.12023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart327.72023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart13.60%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20221,899,066,000.0chart180.22021Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20221,999,716,498.0chart213.22021Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202114.19%chart12.42%2021Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2022786.9
Defence Expenditure ($M) [+]2022828.6
Defence Expenditure (%Bud.) [+]20225.16%
Expenditure (%GDP) [+]202341.00%chart32.74%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,828chart€6,3912022Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,546chart$6,9592022Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€1,0782023Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$1,1652023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,010chart€6412021Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,064chart$7582021Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2022€417
Defence Expenditure P.C. [+]2022$450
Moody's Rating [+]01/26/2024A3B308/03/2023Moody's Rating [+]
S&P Rating [+]05/31/2024AB-10/26/2023S&P Rating [+]
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202259chart652022Corruption Index [+]
Competitiveness Ranking [+]201941ºchart77º2019Competitiveness Ranking [+]
Fragile States Index [+]201844.9chart48.22018Fragile States Index [+]
RTI Raking [+]2022106º
Innovation Ranking [+]201834ºchart37º2015Innovation Ranking [+]
Labour
Unemployment Rate [+]July 20246.9%
Unemployment rate [+]2024Q17.2%chart11.9%2015Q2Unemployment rate [+]
Unemployed [+]2024Q169Kchart17K2015Q2Unemployed [+]
NMW [+]2024$759.6chart$736.72022NMW [+]
NMW [+]2024€700.0
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728ºchart79º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]09/11/20240.9056
Stock ExchangeYTD % [+]09/11/2024-23.94%
Prices
CPI (overall index) [+]August 20240.8%
HICP [+]August 20240.9%
PPI Year on Year [+]May 2024-6.7%
Money Market
Key rates [+]06/12/20244.25%
Business
Doing Business [+]202019ºchart128º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%
Passengers vehicles Year [+]December 202216,739
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35chart387.322015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202230.5%chart31.9%2021Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart17.50%01/01/2011Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart28.5%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]20191,934,800chart680,0002018Annual arrivals [+]
Exports [+]2023€20,954.5Mchart€449.5M2023Exports [+]
Exports [+]2023$22,446.0Mchart$486.1M2023Exports [+]
Exports % GDP [+]202351.93%chart7.60%2023Exports % GDP [+]
Imports [+]2023€25,323.4Mchart€1,934.9M2023Imports [+]
Imports [+]2023$27,114.4Mchart$2,092.2M2023Imports [+]
Imports % GDP [+]202362.76%chart32.72%2023Imports % GDP [+]
Trade balance [+]2023€-4,368.9Mchart€-1,485.4M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$-1,606.2M2023Trade balance [+]
Trade balance % GDP [+]2023-10.83%chart-25.12%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202329chart6542021Density [+]
Global Peace Ranking [+]202327ºchart-1º2023Global Peace Ranking [+]
Crude divorce rate [+]20222.90‰
Remittance received ($M) [+]20171,090.0chart111.72017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart12.11%2020% Immigrant [+]
% Emigrant [+]202020.07%chart34.59%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart10.78‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart20.12017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart9.11‰2022Crude death rate [+]
Fertility Rate [+]20221.47chart1.632022Fertility Rate [+]
Crude marriage rate [+]20226.30‰
% risk of poverty [+]202322.5%
Population [+]20231,871,882chart281,2002021Population [+]
Immigrant stock [+]2020239,422chart34,8692020Immigrant stock [+]
Emigrant stock [+]2020380,010chart99,6112020Emigrant stock [+]
HDI [+]20210.863chart0.7902021HDI [+]
Gender Gap Ranking [+]202313ºchart31º2023Gender Gap Ranking [+]
Life expectancy [+]202375.90chart77.712022Life expectancy [+]
Suicides [+]2021254chart12015Suicides [+]
Suicide rate [+]202113.64chart0.422015Suicide rate [+]
Number of homicides [+]202267chart432022Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart15.272022Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61chart2.342022CO2 Tons per capita [+]
12023Annual crude oil production [+]
2.02021Crude Oil Reserves [+]
Consumption GWh [+]20225,982chart1,0202022Consumption GWh [+]
Generation GWh [+]20224,045chart1,0862022Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart59308/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart108,58208/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart155,04712/29/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart2,108.8208/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart384,04912/29/2023Doses administered [+]
Latvia
Barbados