Country comparison Latvia vs Canada

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Gouvernement
GDP Growth (%) [+]20240%chart2.0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760Kchart12,261K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€2,073,496M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$2,270,076M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€50,3962024GDP per capita [+]
GDP per capita [+]2024$23,243chart$54,5312024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€505,905M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart2,307,8462024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart2,497,2172024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart111.30%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€55,9312024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$60,5212024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-41,7602024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-45,1872024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-2.01%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart927,170.92024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart1,003,249.92024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart91,139.72023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart99,629.52023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart11.22%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart164,385,972,701.12024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart177,921.12024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart17.76%2024Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart27,225.72024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart29,806.92024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart3.08%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart44.72%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€22,4702024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$24,3142024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€2,2802023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$2,4662023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€3,9812024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$4,4772024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€6622024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$7162024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aaa05/02/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AAAA07/29/2002S&P Rating [+]
Fitch Rating [+]04/10/2020A-AA+06/24/2020Fitch Rating [+]
Corruption Index [+]202360chart762023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart14º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart18.62024Fragile States Index [+]
RTI Raking [+]2024107ºchart53º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart14º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%chart6.8%December 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart6.9%2025Q1Unemployment rate [+]
Unemployed [+]2025Q366Kchart1,547K2025Q1Unemployed [+]
NMW [+]2025$839.1chart$2,113.82024NMW [+]
NMW [+]2025€740.0chart€1,905.92024NMW [+]
Average Wage [+]2024$21,838chart$39,7922015Average Wage [+]
Average Wage [+]2024€20,176chart€56,0822024Average Wage [+]
Human Capital Ranking [+]201728ºchart14º2017Human Capital Ranking [+]
Markets
1.617201/13/2026Euro / Canadian dollars [+]
US Dollar exchange rate [+]01/13/20260.8581chart1.387501/12/2026US Dollar exchange rate [+]
3.39%01/14/202610-Year Bond Yield [+]
5901/14/2026Risk Premium [+]
Stock ExchangeYTD % [+]12/30/20260.07%chart-0.48%12/31/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart2.2%November 2025CPI (overall index) [+]
HICP [+]December 20253.5%
PPI Year on Year [+]November 20251.4%chart6.1%November 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.25%10/29/2025Key rates [+]
Business
Doing Business [+]202019ºchart23º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318chart247,205December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart46.50December 2024Annual Vehicles/ 1,000 p. [+]
1,553,0262023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart704.422020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart34.8%2023Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart5.00%01/01/2008Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart53.5%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart12,824,0002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€526,161.9M2023Exports [+]
Exports [+]2024$20,645.2Mchart$568,938.9M2023Exports [+]
Exports % GDP [+]202447.26%chart26.18%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€527,590.9M2023Imports [+]
Imports [+]2024$23,723.3Mchart$570,484.1M2023Imports [+]
Imports % GDP [+]202454.31%chart26.26%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-1,429.0M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-1,161.8M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-0.07%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%chart7.3%December 2022Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart5º2015Global AgeWatch Ranking [+]
Density [+]202429chart42025Density [+]
Global Peace Ranking [+]202430ºchart11º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart1,340.42017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart21.17%2020% Immigrant [+]
% Emigrant [+]202020.07%chart3.40%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart8.80‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart24,559.02017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart8.10‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.262023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%
Population [+]20241,856,932chart41,651,6532025Population [+]
Immigrant stock [+]2020239,422chart8,049,3232020Immigrant stock [+]
Emigrant stock [+]2020380,010chart1,292,3292020Emigrant stock [+]
HDI [+]20220.879chart0.9352022HDI [+]
Gender Gap Ranking [+]202430ºchart36º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart81.652023Life expectancy [+]
Suicides [+]2023267chart3,5892022Suicides [+]
Suicide rate [+]202314.20chart9.202022Suicide rate [+]
Number of homicides [+]202347chart7782023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart1.982023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart14.912023CO2 Tons per capita [+]
4,7762024Annual crude oil production [+]
170,300.02021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart549,8362023Consumption GWh [+]
Generation GWh [+]20236,202chart609,3272023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/20257,674chart55,28212/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/2025977,786chart4,819,05512/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart31,762,13002/02/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20254,132.62chart1,327.2512/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart102,877,16007/24/2024Doses administered [+]
Latvia
Canada