Unemployment

4.2%

-0.1

Rate

5.50%

-0.25

Unemployment

2.9%

0.2

CPI

1.1%

-0.3

CPI

1.9%

-0.4

CPI

2.2%

-0.6

Unemployment

3.4%

0

Unemployment

7.5%

0

  1. Countries data: Demographic and economy

Country comparison Latvia vs Belarus

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Gouvernement
Qu. GDP Per Capita [+]2024Q25,554K
Annual GDP [+]2023€40,348Mchart€66,455M2023Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$71,857M2023Annual GDP [+]
GDP per capita [+]2023€21,440chart€7,1802023GDP per capita [+]
GDP per capita [+]2023$23,307chart$7,7632023GDP per capita [+]
Quarterly GDP [+]2024Q2€10,397M
Debt (M.€.) [+]202317,581chart28,5412022Debt (M.€.) [+]
Debt ($M) [+]202319,011chart30,0782022Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart41.30%2022Debt (%GDP) [+]
Debt Per Capita [+]2023€9,392chart€3,0832022Debt Per Capita [+]
Debt Per Capita [+]2023$10,156chart$3,2502022Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart-2,7282022Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart-2,8752022Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart-3.95%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart24,957.92022Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart26,302.62022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart3,585.12022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart3,778.22022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart12.81%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20221,899,066,000.0chart2,809.52021Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20221,999,716,498.0chart3,324.02021Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202114.19%chart13.15%2021Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2022786.9chart831.62022Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2022828.6chart876.42022Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20225.16%chart32.12%2022Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202341.00%chart36.11%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,828chart€2,6962022Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,546chart$2,8422022Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€3872022Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$4082022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,010chart€2932021Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,064chart$3472021Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2022€417chart€902022Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2022$450chart$952022Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3C06/02/2023Moody's Rating [+]
S&P Rating [+]05/31/2024ANR09/08/2023S&P Rating [+]
Fitch Rating [+]04/10/2020A-RD07/18/2022Fitch Rating [+]
Corruption Index [+]202259chart392022Corruption Index [+]
Competitiveness Ranking [+]201941º
Fragile States Index [+]201844.9chart70.52018Fragile States Index [+]
RTI Raking [+]2022106ºchart133º2022RTI Raking [+]
Innovation Ranking [+]201834ºchart86º2018Innovation Ranking [+]
Labour
Unemployment Rate [+]July 20246.9%
Unemployment rate [+]2024Q17.2%chart0.5%2014Q4Unemployment rate [+]
Unemployed [+]2024Q169Kchart43K2015Q4Unemployed [+]
NMW [+]2024$759.6chart$183.72022NMW [+]
NMW [+]2024€700.0chart€169.02022NMW [+]
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
3.188705/09/2023Euro / Belarusian rubles [+]
US Dollar exchange rate [+]09/09/20240.9056chart2.885305/09/2023US Dollar exchange rate [+]
Stock ExchangeYTD % [+]09/09/2024-23.88%
Prices
CPI (overall index) [+]August 20240.8%chart10.4%January 2022CPI (overall index) [+]
HICP [+]August 20240.9%
PPI Year on Year [+]May 2024-6.7%
Money Market
Key rates [+]06/12/20244.25%chart9.50%06/21/2023Key rates [+]
Business
Doing Business [+]202019ºchart49º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%
Passengers vehicles Year [+]December 202216,739chart56,592December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart6.73December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart395.752020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202230.5%
Standard VAT [+]07/01/201221.00%chart20.00%01/01/2010Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart13.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]20191,934,800chart2,201,0002019Annual arrivals [+]
Exports [+]2023€20,954.5Mchart€37,148.1M2023Exports [+]
Exports [+]2023$22,446.0Mchart$40,168.2M2023Exports [+]
Exports % GDP [+]202351.93%chart55.90%2023Exports % GDP [+]
Imports [+]2023€25,323.4Mchart€40,004.0M2023Imports [+]
Imports [+]2023$27,114.4Mchart$43,256.3M2023Imports [+]
Imports % GDP [+]202362.76%chart60.20%2023Imports % GDP [+]
Trade balance [+]2023€-4,368.9Mchart€-2,855.9M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$-3,088.1M2023Trade balance [+]
Trade balance % GDP [+]2023-10.83%chart-4.30%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart64º2015Global AgeWatch Ranking [+]
Density [+]202329chart452022Density [+]
Global Peace Ranking [+]202327ºchart116º2023Global Peace Ranking [+]
Crude divorce rate [+]20222.90‰chart3.50‰2018Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart1,200.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart11.34%2020% Immigrant [+]
% Emigrant [+]202020.07%chart15.77%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart9.17‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart982.22017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart15.49‰2022Crude death rate [+]
Fertility Rate [+]20221.47chart1.502022Fertility Rate [+]
Crude marriage rate [+]20226.30‰chart6.40‰2018Crude marriage rate [+]
% risk of poverty [+]202322.5%chart4.8%2020% risk of poverty [+]
Population [+]20231,871,882chart9,256,0002022Population [+]
Immigrant stock [+]2020239,422chart1,067,0902020Immigrant stock [+]
Emigrant stock [+]2020380,010chart1,483,6262020Emigrant stock [+]
HDI [+]20210.863chart0.8082021HDI [+]
Gender Gap Ranking [+]202313ºchart41º2023Gender Gap Ranking [+]
Life expectancy [+]202375.90chart73.112022Life expectancy [+]
Suicides [+]2021254chart2,1622015Suicides [+]
Suicide rate [+]202113.64chart22.762015Suicide rate [+]
Number of homicides [+]202267chart2252019Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart2.332019Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61chart6.122022CO2 Tons per capita [+]
302023Annual crude oil production [+]
198.02021Crude Oil Reserves [+]
Consumption GWh [+]20225,982chart35,5162022Consumption GWh [+]
Generation GWh [+]20224,045chart38,6222022Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart7,11808/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart994,03708/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart6,414,99609/03/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart769.0108/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart22,511,00009/03/2023Doses administered [+]
Latvia
Belarus