Country comparison Latvia vs Euro zone

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Gouvernement
GDP Growth (%) [+]20240%chart0.9%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760Kchart11,585K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€15,231,369M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$16,485,444M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€43,4002024GDP per capita [+]
GDP per capita [+]2024$23,243chart$48,1192024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€3,969,096M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart8,600,9832012Debt (M.€.) [+]
Debt ($M) [+]202420,343chart11,050,5432012Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart90.60%2012Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€25,5862012Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$32,8732012Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-352,6832012Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-453,1272012Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-3.70%2012Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart4,772,568.12013Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart6,338,447.72013Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7
Education Expenditure ($M) [+]20221,642.1
Education Expenditure (%Bud.) [+]20229.92%
Gov. Health Exp. (M.€) [+]20241,847,488,000.0
Gov. Health Exp.($M) [+]20241,999,684,061.4
Gov. Health Exp. (%Bud.) [+]20239.91%
Defence Expenditure (M.€) [+]20241,314.9chart265,631.32024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart287,502.02024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart3.15%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart49.80%2013Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€14,3132013Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$18,7922013Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826
Education Expenditure P.C [+]2022$876
Gov. Health Exp. P.C. [+]2024€987
Gov. Health Exp. P.C. [+]2024$1,068
Defence Expenditure P.C. [+]2024€705chart€7572024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$8392024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202360
Competitiveness Ranking [+]201941º
Fragile States Index [+]202441.4
RTI Raking [+]2024107º
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]November 20257.1%chart7.6%July 2021Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%
Unemployed [+]2025Q366K
NMW [+]2025$839.1
NMW [+]2025€740.0
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]01/16/20260.8608chart0.860801/16/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/17/20261.05%chart3.98%01/16/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%
HICP [+]December 20253.5%chart2.0%December 2025HICP [+]
PPI Year on Year [+]November 20251.4%
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202019º
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart413,959,2002018Annual arrivals [+]
Exports [+]2024€19,073.9M
Exports [+]2024$20,645.2M
Exports % GDP [+]202447.26%
Imports [+]2024€21,917.7M
Imports [+]2024$23,723.3M
Imports % GDP [+]202454.31%
Trade balance [+]2024€-2,843.7M
Trade balance [+]2024$-3,078.1M
Trade balance % GDP [+]2024-7.05%
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart1202019Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0
% Immigrant [+]202012.65%
% Emigrant [+]202020.07%
Birth Rate [+]20246.90‰chart8.14‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2
Crude death rate [+]202414.30‰chart10.54‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.382023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart17.0%2021% risk of poverty [+]
Population [+]20241,856,932chart342,597,6982019Population [+]
Immigrant stock [+]2020239,422
Emigrant stock [+]2020380,010
HDI [+]20220.879
Gender Gap Ranking [+]202430º
Life expectancy [+]202476.70chart82.192023Life expectancy [+]
Suicides [+]2023267
Suicide rate [+]202314.20
Number of homicides [+]202347
Rate Homicides per 100.000 [+]20232.50
Energy and Environment
CO2 Tons per capita [+]20233.56
Consumption GWh [+]20236,664
Generation GWh [+]20236,202
Others
COVID-19 - Deaths [+]12/28/20257,679
COVID-19 - Confirmed [+]12/28/2025977,788
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]12/28/20254,135.32
Doses administered [+]12/23/20232,979,624
Latvia
Euro zone
  • Capital: Brussels
  • Population: 342,597,698
  • Surface Area: 2,848,740 km2
  • Currency: Euros