Country comparison Latvia vs Kuwait

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Gouvernement
GDP Growth (%) [+]20240%chart-2.6%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€148,076M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$160,226M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€29,5472024GDP per capita [+]
GDP per capita [+]2024$23,243chart$31,9712024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart4,7922023Debt (M.€.) [+]
Debt ($M) [+]202420,343chart5,1832023Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart3.13%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€9752023Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$1,0552023Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart43,1492023Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart46,6692023Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart28.22%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart73,913.92023Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart79,943.82023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart9,530.02024Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart10,312.02024Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart13.85%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart6,653.62023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart7,194.62023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart9.02%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart7,168.22024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart7,756.42024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart9.68%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart48.34%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€15,0452023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$16,2722023Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€1,9022024Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$2,0582024Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€1,3752023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$1,4872023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€1,4302024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$1,5482024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3A105/16/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AAA-11/21/2025S&P Rating [+]
Fitch Rating [+]04/10/2020A-AA-01/27/2022Fitch Rating [+]
Corruption Index [+]202360chart462023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart46º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart49.32024Fragile States Index [+]
RTI Raking [+]2024107ºchart128º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart71º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%
Unemployment rate [+]2025Q36.9%
Unemployed [+]2025Q366K
NMW [+]2025$839.1chart$243.92024NMW [+]
NMW [+]2025€740.0chart€222.12024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart96º2017Human Capital Ranking [+]
Markets
0.355501/15/2026Euro / Kuwaiti dinars [+]
US Dollar exchange rate [+]01/15/20260.8603chart0.305801/15/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/16/20261.47%chart-1.54%01/15/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%
HICP [+]December 20253.5%
PPI Year on Year [+]November 20251.4%
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202019ºchart83º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318chart112,969December 2023Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart26.35December 2023Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart478.012015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%
Standard VAT [+]07/01/201221.00%chart0%01/01/2013Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart85,0002021Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€77,666.3M2023Exports [+]
Exports [+]2024$20,645.2Mchart$83,980.5M2023Exports [+]
Exports % GDP [+]202447.26%chart50.79%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€34,671.5M2023Imports [+]
Imports [+]2024$23,723.3Mchart$37,490.2M2023Imports [+]
Imports % GDP [+]202454.31%chart22.67%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€42,994.8M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$48,030.6M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart28.12%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart2752024Density [+]
Global Peace Ranking [+]202430ºchart25º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart4.22017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart71.73%2020% Immigrant [+]
% Emigrant [+]202020.07%chart4.90%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart10.30‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart11,733.42017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart1.53‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.522023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%
Population [+]20241,856,932chart4,897,2632024Population [+]
Immigrant stock [+]2020239,422chart3,110,1592020Immigrant stock [+]
Emigrant stock [+]2020380,010chart212,2712020Emigrant stock [+]
HDI [+]20220.879chart0.8472022HDI [+]
Gender Gap Ranking [+]202430ºchart131º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart83.192023Life expectancy [+]
Suicides [+]2023267chart1542015Suicides [+]
Suicide rate [+]202314.20chart3.922015Suicide rate [+]
Number of homicides [+]202347chart112020Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.252020Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart24.902023CO2 Tons per capita [+]
2,5802024Annual crude oil production [+]
101,500.02021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart78,0472023Consumption GWh [+]
Generation GWh [+]20236,202chart85,5622023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/20257,674chart2,57012/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/2025977,786chart667,29012/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart3,346,17611/26/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20254,132.62chart524.7812/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart8,261,22111/26/2023Doses administered [+]
Latvia
Kuwait