Country comparison Latvia vs Germany

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Gouvernement
Qu. GDP Per Capita [+]2024Q45,598Kchart13,105K2025Q1Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,208Mchart€4,305,260M2024Annual GDP [+]
Annual GDP [+]2024$43,521Mchart$4,659,929M2024Annual GDP [+]
GDP per capita [+]2024€21,610chart€50,8302024GDP per capita [+]
GDP per capita [+]2024$23,243chart$54,9902024GDP per capita [+]
Quarterly GDP [+]2024Q4€10,479Mchart€1,093,723M2025Q1Quarterly GDP [+]
Debt (M.€.) [+]202418,800chart2,688,8792024Debt (M.€.) [+]
Debt ($M) [+]202420,607chart2,976,2492024Debt ($M) [+]
Debt (%GDP) [+]202446.80%chart62.50%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,043chart€32,2192024Debt Per Capita [+]
Debt Per Capita [+]2024$11,009chart$35,6622024Debt Per Capita [+]
Deficit (M.€) [+]2024-706chart-118,7772024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-128,5232024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-2.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,366.4chart2,131,627.02024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart2,306,536.62024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,814.3chart179,658.62022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20211,820.5chart189,189.22022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart9.19%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20232,043,247,000.0chart417,845,000,000.02023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,209,362,981.1chart451,815,798,500.02023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart20.46%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023892.8chart63,605.82023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023965.3chart68,774.92023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart3.08%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.70%chart49.50%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,812chart€25,5422024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,335chart$27,6382024Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€963chart€2,1442022Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,134chart$2,2592022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€1,085chart€4,9532023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$1,173chart$5,3562023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€475chart€7532023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$513chart$8142023Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aaa05/09/2025Moody's Rating [+]
S&P Rating [+]05/31/2024AAAA08/17/1983S&P Rating [+]
Fitch Rating [+]04/10/2020A-AAA01/17/2020Fitch Rating [+]
Corruption Index [+]202360chart782023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart7º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart24.02024Fragile States Index [+]
RTI Raking [+]2024107ºchart127º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart9º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]March 20256.7%chart3.5%March 2025Unemployment Rate [+]
Unemployment rate [+]2024Q46.9%chart3.3%2024Q4Unemployment rate [+]
Unemployed [+]2024Q464Kchart1,476K2024Q4Unemployed [+]
NMW [+]2025$768.8chart$2,245.12025NMW [+]
NMW [+]2025€740.0chart€2,161.02025NMW [+]
Average Wage [+]2024$21,838chart$68,5012024Average Wage [+]
Average Wage [+]2024€20,176chart€63,2882024Average Wage [+]
Human Capital Ranking [+]201728ºchart6º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]05/23/20250.8849chart0.884905/23/2025US Dollar exchange rate [+]
2.57%05/23/202510-Year Bond Yield [+]
Stock ExchangeYTD % [+]05/23/20250.71%chart18.69%05/23/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]April 20253.9%chart2.1%April 2025CPI (overall index) [+]
HICP [+]April 20254.0%chart2.2%April 2025HICP [+]
PPI Year on Year [+]March 20251.9%chart-1.0%April 2025PPI Year on Year [+]
Money Market
Key rates [+]04/23/20252.40%chart2.40%04/23/2025Key rates [+]
Business
Doing Business [+]202019ºchart22º2020Doing Business [+]
IPI Year on Year [+]March 2025-2.5%chart0.3%March 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 202433,318chart5,421,109December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart35.66December 2022Annual Vehicles/ 1,000 p. [+]
4,109,3712023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart633.462021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202333.0%chart40.1%2023Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart19.00%01/01/2007Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart47.5%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart28,463,0002022Annual arrivals [+]
Exports [+]2024€19,094.0Mchart€1,553,788.1M2024Exports [+]
Exports [+]2024$20,667.0Mchart$1,681,789.2M2024Exports [+]
Exports % GDP [+]202447.49%chart36.09%2024Exports % GDP [+]
Imports [+]2024€21,934.5Mchart€1,313,657.1M2024Imports [+]
Imports [+]2024$23,741.5Mchart$1,421,876.2M2024Imports [+]
Imports % GDP [+]202454.55%chart30.51%2024Imports % GDP [+]
Trade balance [+]2024€-2,840.4Mchart€240,131.0M2024Trade balance [+]
Trade balance [+]2024$-3,074.5Mchart$259,913.0M2024Trade balance [+]
Trade balance % GDP [+]2024-7.06%chart5.58%2024Trade balance % GDP [+]
Retail Sales YoY [+]March 20252.4%chart2.2%March 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart4º2015Global AgeWatch Ranking [+]
Density [+]202329chart2332023Density [+]
Global Peace Ranking [+]202430ºchart20º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.70‰2021Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart16,833.32017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart18.96%2020% Immigrant [+]
% Emigrant [+]202020.07%chart4.64%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart8.30‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart24,670.92017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart12.30‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.392023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart4.30‰2023Crude marriage rate [+]
% risk of poverty [+]202421.6%chart15.5%2024% risk of poverty [+]
Population [+]20231,871,882chart83,456,0452023Population [+]
Immigrant stock [+]2020239,422chart15,762,4572020Immigrant stock [+]
Emigrant stock [+]2020380,010chart3,855,2682020Emigrant stock [+]
HDI [+]20220.879chart0.9502022HDI [+]
Gender Gap Ranking [+]202430ºchart7º2024Gender Gap Ranking [+]
Life expectancy [+]202375.60chart81.102023Life expectancy [+]
Suicides [+]2022226chart10,4262023Suicides [+]
Suicide rate [+]202212.29chart12.492023Suicide rate [+]
Number of homicides [+]202347chart6862022Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.822022Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart7.062023CO2 Tons per capita [+]
292024Annual crude oil production [+]
115.22021Crude Oil Reserves [+]
Consumption GWh [+]20236,822chart519,6912023Consumption GWh [+]
Generation GWh [+]20236,360chart536,4282023Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart174,97908/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart38,437,75608/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart63,563,41404/07/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart2,096.6608/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart192,221,46804/07/2023Doses administered [+]
Latvia
Germany