Country comparison Latvia vs Euro zone

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Gouvernement
Qu. GDP Per Capita [+]2024Q45,598Kchart11,217K2024Q4Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,208Mchart€15,152,764M2024Annual GDP [+]
Annual GDP [+]2024$43,521Mchart$16,401,049M2024Annual GDP [+]
GDP per capita [+]2024€21,610chart€43,0302024GDP per capita [+]
GDP per capita [+]2024$23,250chart$47,8732024GDP per capita [+]
Quarterly GDP [+]2024Q4€10,479Mchart€3,842,814M2024Q4Quarterly GDP [+]
Debt (M.€.) [+]202317,579chart8,600,9832012Debt (M.€.) [+]
Debt ($M) [+]202319,015chart11,050,5432012Debt ($M) [+]
Debt (%GDP) [+]202345.00%chart90.60%2012Debt (%GDP) [+]
Debt Per Capita [+]2023€9,391chart€25,5862012Debt Per Capita [+]
Debt Per Capita [+]2023$10,158chart$32,8732012Debt Per Capita [+]
Deficit (M.€) [+]2023-932chart-352,6832012Deficit (M.€) [+]
Deficit ($M) [+]2023-1,539chart-453,1272012Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.40%chart-3.70%2012Deficit (%GDP) [+]
Expenditure (M.€) [+]202317,187.3chart4,772,568.12013Expenditure (M.€) [+]
Expenditure ($M) [+]202318,349.2chart6,338,447.72013Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,814.3
Education Expenditure ($M) [+]20211,820.5
Education Expenditure (%Bud.) [+]202112.65%
Gov. Health Exp. (M.€) [+]20232,043,247,000.0
Gov. Health Exp.($M) [+]20232,209,362,981.1
Gov. Health Exp. (%Bud.) [+]202212.06%
Defence Expenditure (M.€) [+]2023892.8chart235,144.02023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023965.3chart254,191.52023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart3.22%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202344.00%chart49.80%2013Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€9,182chart€14,3132013Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,803chart$18,7922013Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€963
Education Expenditure P.C [+]2021$1,172
Gov. Health Exp. P.C. [+]2023€1,085
Gov. Health Exp. P.C. [+]2023$1,173
Defence Expenditure P.C. [+]2023€475chart€6702023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$526chart$7422023Defence 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 [+]January 20256.9%chart7.6%July 2021Unemployment Rate [+]
Unemployment rate [+]2024Q46.9%
Unemployed [+]2024Q464K
NMW [+]2025$768.8
NMW [+]2025€740.0
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]03/18/20250.9159chart0.915903/18/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]03/18/20251.91%chart12.56%03/18/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]February 20253.7%
HICP [+]February 20253.6%chart2.4%February 2025HICP [+]
PPI Year on Year [+]January 2025-4.2%
Money Market
Key rates [+]03/12/20252.65%chart2.65%03/12/2025Key rates [+]
Business
Doing Business [+]202019º
IPI Year on Year [+]January 20250.5%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202333.2%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart413,959,2002018Annual arrivals [+]
Exports [+]2024€18,992.7M
Exports [+]2024$20,472.4M
Exports % GDP [+]202447.04%
Imports [+]2024€21,910.3M
Imports [+]2024$23,710.0M
Imports % GDP [+]202454.48%
Trade balance [+]2024€-2,917.6M
Trade balance [+]2024$-3,237.6M
Trade balance % GDP [+]2024-7.44%
Retail Sales YoY [+]March 20252.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202329chart1202019Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20222.90‰
Remittance received ($M) [+]20171,090.0
% Immigrant [+]202012.65%
% Emigrant [+]202020.07%
Birth Rate [+]20237.70‰chart8.57‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2
Crude death rate [+]202314.90‰chart11.19‰2022Crude death rate [+]
Fertility Rate [+]20231.36chart1.452022Fertility Rate [+]
Crude marriage rate [+]20226.30‰
% risk of poverty [+]202421.6%chart17.0%2021% risk of poverty [+]
Population [+]20231,871,882chart342,597,6982019Population [+]
Immigrant stock [+]2020239,422
Emigrant stock [+]2020380,010
HDI [+]20220.879
Gender Gap Ranking [+]202430º
Life expectancy [+]202375.60chart81.702022Life expectancy [+]
Suicides [+]2022226
Suicide rate [+]202212.00
Number of homicides [+]202347
Rate Homicides per 100.000 [+]20232.50
Energy and Environment
CO2 Tons per capita [+]20233.56
Consumption GWh [+]20236,822
Generation GWh [+]20236,360
Others
COVID-19 - Deaths [+]08/04/20247,475
COVID-19 - Confirmed [+]08/04/2024977,765
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]08/04/20243,993.31
Doses administered [+]07/11/20222,895,716
Latvia
Euro zone
  • Capital: Brussels
  • Population: 342,597,698
  • Surface Area: 2,848,740 km2
  • Currency: Euros