Country comparison Latvia vs Iceland

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Gouvernement
GDP Growth (%) [+]20240%chart-1.2%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760Kchart22,143K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€30,697M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$33,222M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€79,4002024GDP per capita [+]
GDP per capita [+]2024$23,243chart$86,6642024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€8,623M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart18,0272023Debt (M.€.) [+]
Debt ($M) [+]202420,343chart19,4982023Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart61.55%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€46,9982023Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$50,8332023Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-1,1382024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-1,2312024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-3.70%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart14,456.12024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart15,647.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart1,978.92023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart2,139.42023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart14.83%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart2,318,346,769.32024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart2,289.62023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart16.06%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023897.1chart02019Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023970.0chart02019Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart0%2020Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart47.00%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€37,1202024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$40,1782024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€5,2112023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$5,6952023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€6,0442024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$5,9082023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€477chart€02019Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$513chart$02019Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3A109/20/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AA+11/10/2023S&P Rating [+]
Fitch Rating [+]04/10/2020A-A05/22/2020Fitch Rating [+]
Corruption Index [+]202360chart722023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart26º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart15.22024Fragile States Index [+]
RTI Raking [+]2024107ºchart115º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart22º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]October 20257.1%chart4.0%October 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart3.6%2025Q2Unemployment rate [+]
Unemployed [+]2025Q366Kchart9K2025Q2Unemployed [+]
NMW [+]2025$839.1chart$3,127.62024NMW [+]
NMW [+]2025€740.0chart€2,830.52024NMW [+]
Average Wage [+]2024$21,838chart$85,6212024Average Wage [+]
Average Wage [+]2024€20,176chart€79,1042024Average Wage [+]
Human Capital Ranking [+]201728ºchart21º2017Human Capital Ranking [+]
Markets
148.400012/12/2025Euro / Icelandic kronas [+]
US Dollar exchange rate [+]12/12/20250.8524chart126.500012/12/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]12/15/20257.51%chart-9.62%12/12/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]November 20253.8%chart3.7%November 2025CPI (overall index) [+]
HICP [+]November 20253.8%chart3.9%October 2025HICP [+]
PPI Year on Year [+]October 20250.1%
Money Market
Key rates [+]06/11/20252.15%chart7.25%11/19/2025Key rates [+]
Business
Doing Business [+]202019ºchart26º2020Doing Business [+]
IPI Year on Year [+]October 20258.7%
Passengers vehicles Year [+]December 202433,318chart20,014December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.15chart47.75December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart695.182021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart36.9%2024Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart24.00%01/01/2015Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart44.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart698,0002021Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€6,404.4M2024Exports [+]
Exports [+]2024$20,645.2Mchart$6,932.0M2024Exports [+]
Exports % GDP [+]202447.26%chart20.86%2024Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€8,922.6M2024Imports [+]
Imports [+]2024$23,723.3Mchart$9,657.6M2024Imports [+]
Imports % GDP [+]202454.31%chart29.07%2024Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-2,518.2M2024Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-2,725.7M2024Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-8.20%2024Trade balance % GDP [+]
Retail Sales YoY [+]October 20254.1%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart7º2015Global AgeWatch Ranking [+]
Density [+]202429chart42024Density [+]
Global Peace Ranking [+]202430ºchart1º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.90‰2020Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart171.92017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart17.74%2020% Immigrant [+]
% Emigrant [+]202020.07%chart11.73%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart11.20‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart132.92017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart6.80‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart1.552023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart5.00‰2020Crude marriage rate [+]
% risk of poverty [+]202421.6%chart8.8%2020% risk of poverty [+]
Population [+]20241,856,932chart389,4442024Population [+]
Immigrant stock [+]2020239,422chart65,4242020Immigrant stock [+]
Emigrant stock [+]2020380,010chart43,2512020Emigrant stock [+]
HDI [+]20220.879chart0.9592022HDI [+]
Gender Gap Ranking [+]202430ºchart1º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart82.802024Life expectancy [+]
Suicides [+]2023267chart462023Suicides [+]
Suicide rate [+]202314.20chart11.992023Suicide rate [+]
Number of homicides [+]202347chart52023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart1.292023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart8.792023CO2 Tons per capita [+]
Consumption GWh [+]20236,664chart19,2732023Consumption GWh [+]
Generation GWh [+]20236,202chart19,8162023Generation GWh [+]
Others
COVID-19 - Deaths [+]11/23/20257,670chart18611/23/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]11/23/2025977,786chart211,12511/23/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart297,93412/23/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]11/23/20254,130.47chart477.6011/23/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart903,42412/23/2023Doses administered [+]
Latvia
Iceland