Country comparison Latvia vs Hungary

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Gouvernement
GDP Growth (%) [+]20240%chart0.6%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760Kchart5,798K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€206,040M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$222,723M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€21,5502024GDP per capita [+]
GDP per capita [+]2024$23,243chart$23,2722024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€55,314M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart145,5672024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart163,8452024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart73.50%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€15,2592024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$17,1752024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-10,3462024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-10,9642024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-5.00%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart97,136.62024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart104,548.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart6,426.02022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart6,748.52022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart7.80%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart9,810,578,641.72024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart10,000.22023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart9.51%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart4,442.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart4,802.62024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart4.43%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart47.10%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€10,1832024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$10,9602024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€6692022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$7072022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€1,0242024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$1,0422023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€4652024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$5022024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Baa211/29/2024Moody's Rating [+]
S&P Rating [+]05/31/2024ABBB-04/11/2025S&P Rating [+]
Fitch Rating [+]04/10/2020A-BBB02/14/2020Fitch Rating [+]
Corruption Index [+]202360chart422023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart47º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart46.22024Fragile States Index [+]
RTI Raking [+]2024107ºchart76º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart36º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%chart4.4%November 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart4.5%2025Q3Unemployment rate [+]
Unemployed [+]2025Q366Kchart222K2025Q3Unemployed [+]
NMW [+]2025$839.1chart$1,039.32025NMW [+]
NMW [+]2025€740.0chart€720.52025NMW [+]
Average Wage [+]2024$21,838chart$22,5972024Average Wage [+]
Average Wage [+]2024€20,176chart€20,8772024Average Wage [+]
Human Capital Ranking [+]201728ºchart39º2017Human Capital Ranking [+]
Markets
382.700001/22/2026Euro / Hungarian forints [+]
US Dollar exchange rate [+]01/22/20260.8543chart279.800001/18/2019US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/22/20260.63%chart12.76%01/22/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart3.3%December 2025CPI (overall index) [+]
HICP [+]December 20253.4%chart3.3%December 2025HICP [+]
PPI Year on Year [+]November 20251.4%chart-1.7%November 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart6.50%09/25/2024Key rates [+]
Business
Doing Business [+]202019ºchart52º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%chart-5.5%November 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 202433,318chart235,168December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart14.12December 2022Annual Vehicles/ 1,000 p. [+]
507,2252023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart482.062021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart35.2%2024Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart27.00%01/01/2012Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart33.5%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart12,649,0002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€147,157.4M2024Exports [+]
Exports [+]2024$20,645.2Mchart$159,280.2M2024Exports [+]
Exports % GDP [+]202447.26%chart71.42%2024Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€138,416.5M2024Imports [+]
Imports [+]2024$23,723.3Mchart$149,819.3M2024Imports [+]
Imports % GDP [+]202454.31%chart67.18%2024Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€8,740.9M2024Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$9,461.0M2024Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart4.24%2024Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%chart2.5%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart39º2015Global AgeWatch Ranking [+]
Density [+]202429chart1032024Density [+]
Global Peace Ranking [+]202430ºchart14º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart4,692.22017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart6.06%2020% Immigrant [+]
% Emigrant [+]202020.07%chart7.40%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart8.20‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart1,093.12017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart13.40‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart1.552023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart5.20‰2023Crude marriage rate [+]
% risk of poverty [+]202421.6%chart14.3%2024% risk of poverty [+]
Population [+]20241,856,932chart9,539,5022024Population [+]
Immigrant stock [+]2020239,422chart584,5672020Immigrant stock [+]
Emigrant stock [+]2020380,010chart714,4202020Emigrant stock [+]
HDI [+]20220.879chart0.8512022HDI [+]
Gender Gap Ranking [+]202430ºchart101º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart77.002024Life expectancy [+]
Suicides [+]2023267chart1,5932023Suicides [+]
Suicide rate [+]202314.20chart16.602023Suicide rate [+]
Number of homicides [+]202347chart702023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.722023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart4.612023CO2 Tons per capita [+]
212024Annual crude oil production [+]
12.12021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart42,2892023Consumption GWh [+]
Generation GWh [+]20236,202chart33,6432023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/20257,679chart49,12412/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025977,788chart2,240,19012/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart6,207,24912/27/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20254,135.32chart5,149.5412/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart16,701,23812/04/2022Doses administered [+]
Latvia
Hungary