Unemployment

6.9%

0.6

Unemployment

8.8%

-0.4

Unemployment

9.6%

-1.5

Unemployment

2.8%

0.2

Rate

4.50%

0.25

CPI

6.7%

-0.1

CPI

11.4%

-0.4

CPI

5.5%

-0.5

  1. Countries data: Demographic and economy

Country comparison Latvia vs Belgium

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Gouvernement
Qu. GDP Per Capita [+]2023Q25,430Kchart12,150K2023Q2Qu. GDP Per Capita [+]
Annual GDP [+]2022€39,063Mchart€549,456M2022Annual GDP [+]
Annual GDP [+]2022$42,225Mchart$582,210M2022Annual GDP [+]
GDP per capita [+]2022€20,710chart€46,9902022GDP per capita [+]
GDP per capita [+]2022$22,424chart$50,1142022GDP per capita [+]
Quarterly GDP [+]2023Q2€10,225Mchart€142,816M2023Q2Quarterly GDP [+]
Debt (M.€.) [+]202215,947chart577,6402022Debt (M.€.) [+]
Debt ($M) [+]202217,569chart608,2552022Debt ($M) [+]
Debt (%GDP) [+]202240.80%chart105.10%2022Debt (%GDP) [+]
Debt Per Capita [+]2022€8,469chart€49,1442022Debt Per Capita [+]
Debt Per Capita [+]2022$9,330chart$51,7492022Debt Per Capita [+]
Deficit (M.€) [+]2022-1,721chart-21,3452022Deficit (M.€) [+]
Deficit ($M) [+]2022-1,529chart-22,4762022Deficit ($M) [+]
Deficit (%GDP) [+]2022-4.40%chart-3.90%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202215,714.1chart294,217.92022Expenditure (M.€) [+]
Expenditure ($M) [+]202216,572.4chart309,811.42022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20181,237.2chart29,357.52018Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20181,461.7chart34,685.72018Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]201811.15%chart12.22%2018Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20222,311,044,000.0chart46,064,855,000.02022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20222,433,529,332.0chart48,506,292,315.02022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20179.00%chart15.31%2017Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2021766.6chart5,436.32021Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2021906.5chart6,431.32021Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20214.76%chart1.91%2021Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202240.20%chart53.50%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2022€8,345chart€25,0312022Expenditure Per Capita [+]
Expenditure Per Capita [+]2022$8,801chart$26,3582022Expenditure Per Capita [+]
Education Expenditure P.C [+]2018€642chart€2,5692018Education Expenditure P.C [+]
Education Expenditure P.C [+]2018$756chart$3,0432018Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,232chart€3,9652022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,297chart$4,1752022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2021€407chart€4692021Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2021$479chart$5572021Defence Expenditure P.C. [+]
Moody's Rating [+]04/29/2022A3Aa304/28/2023Moody's Rating [+]
S&P Rating [+]12/06/2022A+AA11/25/2011S&P Rating [+]
Fitch Rating [+]04/10/2020A-AA-04/03/2020Fitch Rating [+]
Corruption Index [+]202259chart732022Corruption Index [+]
Competitiveness Ranking [+]201941ºchart22º2019Competitiveness Ranking [+]
Fragile States Index [+]201844.9chart29.72018Fragile States Index [+]
RTI Raking [+]01/01/201990ºchart111º09/28/2018RTI Raking [+]
Innovation Ranking [+]201834ºchart25º2018Innovation Ranking [+]
Labour
Unemployment Rate [+]July 20236.6%chart5.5%July 2023Unemployment Rate [+]
Unemployment rate [+]2023Q26.4%chart5.4%2023Q2Unemployment rate [+]
Unemployed [+]2023Q261Kchart285K2023Q2Unemployed [+]
NMW [+]2023$661.3chart$2,085.32023NMW [+]
NMW [+]2023€620.0chart€1,955.02023NMW [+]
Average Wage [+]2022$17,646chart$58,2642022Average Wage [+]
Average Wage [+]2022€16,758chart€55,3322022Average Wage [+]
Human Capital Ranking [+]201728ºchart15º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]09/25/20230.9405chart0.940509/25/2023US Dollar exchange rate [+]
3.45%09/26/202310-Year Bond Yield [+]
6609/26/2023Risk Premium [+]
Stock ExchangeYTD % [+]12/30/2023-0.10%chart-3.29%09/25/2023Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]August 20235.3%chart4.1%August 2023CPI (overall index) [+]
HICP [+]August 20235.6%chart2.4%August 2023HICP [+]
PPI Year on Year [+]August 2023-14.8%chart-12.8%July 2023PPI Year on Year [+]
Money Market
Key rates [+]09/20/20234.50%chart4.50%09/20/2023Key rates [+]
Business
Doing Business [+]202019ºchart46º2020Doing Business [+]
IPI Year on Year [+]July 2023-8.6%chart-4.3%July 2023IPI Year on Year [+]
Passengers vehicles Year [+]December 202216,739chart366,333December 2022Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart36.72December 2022Annual Vehicles/ 1,000 p. [+]
276,5542022Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart591.192021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202130.6%chart45.3%2021Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart21.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart60.2%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20191,934,800chart9,343,3242019Annual arrivals [+]
Exports [+]2022€22,982.2Mchart€604,126.0M2022Exports [+]
Exports [+]2022$24,200.3Mchart$636,144.7M2022Exports [+]
Exports % GDP [+]202258.83%chart109.95%2022Exports % GDP [+]
Imports [+]2022€28,121.4Mchart€592,913.7M2022Imports [+]
Imports [+]2022$29,611.8Mchart$624,338.1M2022Imports [+]
Imports % GDP [+]202271.99%chart107.91%2022Imports % GDP [+]
Trade balance [+]2022€-5,139.2Mchart€11,212.4M2022Trade balance [+]
Trade balance [+]2022$-5,411.6Mchart$11,806.6M2022Trade balance [+]
Trade balance % GDP [+]2022-13.16%chart2.04%2022Trade balance % GDP [+]
Retail Sales YoY [+]July 2023-3.5%chart-5.8%July 2023Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart24º2015Global AgeWatch Ranking [+]
Density [+]202229chart3852022Density [+]
Global Peace Ranking [+]202235ºchart22º2022Global Peace Ranking [+]
Crude divorce rate [+]20212.50‰chart1.90‰2021Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart10,273.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart17.36%2020% Immigrant [+]
% Emigrant [+]202020.07%chart5.00%2020% Emigrant [+]
Birth Rate [+]20228.50‰chart9.80‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart6,021.62017Remittance sent ($M) [+]
Crude death rate [+]202216.40‰chart10.00‰2022Crude death rate [+]
Fertility Rate [+]20211.57chart1.602021Fertility Rate [+]
Crude marriage rate [+]20216.00‰chart3.50‰2021Crude marriage rate [+]
% risk of poverty [+]202222.5%chart13.2%2022% risk of poverty [+]
Population [+]20221,883,008chart11,754,0042022Population [+]
Immigrant stock [+]2020239,422chart2,005,4792020Immigrant stock [+]
Emigrant stock [+]2020380,010chart577,4632020Emigrant stock [+]
HDI [+]20210.863chart0.9372021HDI [+]
Gender Gap Ranking [+]202226ºchart14º2022Gender Gap Ranking [+]
Life expectancy [+]202274.80chart81.802022Life expectancy [+]
Suicides [+]2021254chart1,7642020Suicides [+]
Suicide rate [+]202113.40chart15.132020Suicide rate [+]
Number of homicides [+]202157chart1252021Number of homicides [+]
Rate Homicides per 100.000 [+]20213.04chart1.082021Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20213.85chart8.222021CO2 Tons per capita [+]
Consumption GWh [+]20216,917chart83,4132021Consumption GWh [+]
Generation GWh [+]20215,538chart94,8642021Generation GWh [+]
Others
COVID-19 - Deaths [+]09/21/20237,378chart34,33909/21/2023COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]09/21/2023975,910chart4,812,39609/21/2023COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart9,168,76909/17/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]09/21/20233,918.20chart2,921.4709/21/2023COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart29,636,74209/17/2023Doses administered [+]
Latvia
Belgium