Country comparison Latvia vs Belgium

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Gouvernement
GDP Growth (%) [+]20252.1%chart1.0%2025GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q45,942Kchart13,638K2025Q4Qu. GDP Per Capita [+]
Annual GDP [+]2025€43,026Mchart€641,893M2025Annual GDP [+]
Annual GDP [+]2025$48,619Mchart$725,328M2025Annual GDP [+]
GDP per capita [+]2025€23,410chart€53,9202025GDP per capita [+]
GDP per capita [+]2025$26,131chart$61,0362025GDP per capita [+]
Quarterly GDP [+]2025Q4€11,055Mchart€162,072M2025Q4Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart644,3982024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart695,6262024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart103.90%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€54,2262024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$58,5372024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-27,0582024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-30,0272024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-4.40%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart335,287.52024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart361,996.92024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.9chart35,228.42022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart37,255.92022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart12.01%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847.5chart49,726.62024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999.7chart53,823.12024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart14.93%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,324.4chart7,921.22024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart8,573.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart2.36%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart54.10%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€28,2152024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$30,4622024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€3,0162022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$3,2092022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€4,2082024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$4,5552024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€710chart€6682024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$7182024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aa310/11/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AAA11/25/2011S&P Rating [+]
Fitch Rating [+]04/10/2020A-AA-04/03/2020Fitch Rating [+]
Corruption Index [+]202360chart732023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart22º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart30.32024Fragile States Index [+]
RTI Raking [+]2024107ºchart122º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart24º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]January 20266.9%chart6.4%January 2026Unemployment Rate [+]
Unemployment rate [+]2025Q46.7%chart6.4%2025Q4Unemployment rate [+]
Unemployed [+]2025Q464Kchart352K2025Q4Unemployed [+]
NMW [+]2026$916.5chart$2,481.62026NMW [+]
NMW [+]2026€780.0chart€2,112.02026NMW [+]
Average Wage [+]2024$21,838chart$65,8532024Average Wage [+]
Average Wage [+]2024€20,176chart€60,8412024Average Wage [+]
Human Capital Ranking [+]201728ºchart15º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]03/13/20260.8714chart0.871403/13/2026US Dollar exchange rate [+]
3.47%03/13/202610-Year Bond Yield [+]
4803/13/2026Risk Premium [+]
Stock ExchangeYTD % [+]03/13/2026-2.30%chart1.37%03/13/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]February 20262.3%chart2.4%November 2025CPI (overall index) [+]
2.2%December 2025HICP [+]
PPI Year on Year [+]January 20261.2%chart0.9%January 2026PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202019ºchart46º2020Doing Business [+]
IPI Year on Year [+]January 202613.3%chart4.0%January 2026IPI Year on Year [+]
Passengers vehicles Year [+]December 202433,318chart849,888December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart36.75December 2022Annual Vehicles/ 1,000 p. [+]
332,1032023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart591.192021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart44.5%2024Tax 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 [+]2021478,000chart8,220,0002022Annual arrivals [+]
Exports [+]2025€19,604.9Mchart€503,249.9M2025Exports [+]
Exports [+]2025$22,153.1Mchart$568,662.3M2025Exports [+]
Exports % GDP [+]202545.57%chart78.40%2025Exports % GDP [+]
Imports [+]2025€23,255.2Mchart€476,599.4M2025Imports [+]
Imports [+]2025$26,277.9Mchart$538,547.8M2025Imports [+]
Imports % GDP [+]202554.05%chart74.25%2025Imports % GDP [+]
Trade balance [+]2025€-3,650.3Mchart€26,650.5M2025Trade balance [+]
Trade balance [+]2025$-4,124.8Mchart$30,114.5M2025Trade balance [+]
Trade balance % GDP [+]2025-8.48%chart4.15%2025Trade balance % GDP [+]
Retail Sales YoY [+]January 20265.9%chart0.5%January 2026Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart24º2015Global AgeWatch Ranking [+]
Density [+]202429chart3872024Density [+]
Global Peace Ranking [+]202430ºchart16º2024Global Peace Ranking [+]
Crude divorce rate [+]20242.80‰chart1.70‰2023Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart10,273.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart17.36%2020% Immigrant [+]
% Emigrant [+]202020.07%chart5.00%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart9.20‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart6,021.62017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart9.50‰2024Crude death rate [+]
Fertility Rate [+]20241.24chart1.442024Fertility Rate [+]
Crude marriage rate [+]20245.50‰chart4.00‰2023Crude marriage rate [+]
% risk of poverty [+]202522.0%chart10.9%2025% risk of poverty [+]
Population [+]20241,860,565chart11,883,4952024Population [+]
Immigrant stock [+]2020239,422chart2,005,4792020Immigrant stock [+]
Emigrant stock [+]2020380,010chart577,4632020Emigrant stock [+]
HDI [+]20220.879chart0.9422022HDI [+]
Gender Gap Ranking [+]202430ºchart12º2024Gender Gap Ranking [+]
Life expectancy [+]202476.40chart82.402024Life expectancy [+]
Suicides [+]2023267chart1,5852023Suicides [+]
Suicide rate [+]202314.38chart13.342023Suicide rate [+]
Number of homicides [+]202347chart1252021Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart1.082021Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart7.182023CO2 Tons per capita [+]
Consumption GWh [+]20246,623chart79,0162024Consumption GWh [+]
Generation GWh [+]20245,913chart72,3752024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/08/20267,710chart34,33902/08/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/08/2026977,795chart4,906,78902/08/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart9,170,94502/11/2024Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/08/20264,143.90chart2,889.6402/08/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart31,469,38802/11/2024Doses administered [+]
Latvia
Belgium