Country comparison Latvia vs Ecuador

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Gouvernement
GDP Growth (%) [+]20240%chart-2.0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€115,222M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$124,676M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€6,4132024GDP per capita [+]
GDP per capita [+]2024$23,243chart$6,9392024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart61,9372024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart67,0192024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart53.75%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€3,4152024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$3,6952024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-1,4692024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-1,5902024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-1.28%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart43,867.52024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart47,467.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart4,361.22023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart4,627.42023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart15.49%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart5,248.52023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart5,675.22023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart11.87%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart2,560.22024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart2,770.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart5.47%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart38.07%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€2,4192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$2,6172024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€2452023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$2642023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€2922023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$3162023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€1432024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$1542024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Caa306/13/2025Moody's Rating [+]
S&P Rating [+]05/31/2024AB-08/20/2025S&P Rating [+]
Fitch Rating [+]04/10/2020A-B-09/03/2020Fitch Rating [+]
Corruption Index [+]202360chart342023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart90º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart68.02024Fragile States Index [+]
RTI Raking [+]2024107ºchart82º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart105º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%
Unemployment rate [+]2025Q36.9%chart3.1%2024Q4Unemployment rate [+]
Unemployed [+]2025Q366Kchart263K2024Q4Unemployed [+]
NMW [+]2025$839.1chart$460.02024NMW [+]
NMW [+]2025€740.0chart€416.32024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart76º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]01/22/20260.8543
Stock ExchangeYTD % [+]01/23/20260.93%
Prices
CPI (overall index) [+]December 20253.5%chart1.9%December 2025CPI (overall index) [+]
HICP [+]December 20253.4%
PPI Year on Year [+]December 20250.3%
Money Market
Key rates [+]06/11/20252.15%chart8.54%03/01/2025Key rates [+]
Business
Doing Business [+]202019ºchart129º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318chart98,018December 2023Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart6.90December 2023Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart152.822020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart20.9%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart12.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart35.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart2,107,6922019Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€28,786.2M2023Exports [+]
Exports [+]2024$20,645.2Mchart$31,126.5M2023Exports [+]
Exports % GDP [+]202447.26%chart25.70%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€28,578.2M2023Imports [+]
Imports [+]2024$23,723.3Mchart$30,901.6M2023Imports [+]
Imports % GDP [+]202454.31%chart25.51%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€208.0M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$228.3M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart0.19%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart44º2015Global AgeWatch Ranking [+]
Density [+]202429chart712024Density [+]
Global Peace Ranking [+]202430ºchart130º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart2,848.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart4.48%2020% Immigrant [+]
% Emigrant [+]202020.07%chart6.44%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart15.03‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart828.12017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart5.13‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.822023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart28.0%2024% risk of poverty [+]
Population [+]20241,856,932chart18,135,4782024Population [+]
Immigrant stock [+]2020239,422chart784,7872020Immigrant stock [+]
Emigrant stock [+]2020380,010chart1,127,8912020Emigrant stock [+]
HDI [+]20220.879chart0.7652022HDI [+]
Gender Gap Ranking [+]202430ºchart16º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart77.392023Life expectancy [+]
Suicides [+]2023267chart1,2072015Suicides [+]
Suicide rate [+]202314.20chart7.422015Suicide rate [+]
Number of homicides [+]202347chart8,2212023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart45.722023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart2.512023CO2 Tons per capita [+]
4752024Annual crude oil production [+]
8,273.02021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart29,3052023Consumption GWh [+]
Generation GWh [+]20236,202chart34,1502023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/20257,679chart36,06412/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025977,788chart1,081,86712/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart14,249,55912/29/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20254,135.32chart1,988.5912/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart39,585,08412/29/2023Doses administered [+]
Latvia
Ecuador