Rate

4.75%

-0.50

CPI

2.2%

0

Rate

3.65%

-0.60

CPI

1.1%

-0.3

Unemployment

3.4%

0

Unemployment

7.0%

-0.6

Unemployment

11.3%

-1.0

Unemployment

6.7%

-1.0

  1. Countries data: Demographic and economy

Country comparison Latvia vs Luxembourg

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Homicides rate per 100,000 population Latvia vs Luxembourg comparison
 
Gouvernement
Qu. GDP Per Capita [+]2024Q25,554Kchart30,768K2024Q2Qu. GDP Per Capita [+]
Annual GDP [+]2023€40,348Mchart€79,310M2023Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$85,755M2023Annual GDP [+]
GDP per capita [+]2023€21,440chart€118,7702023GDP per capita [+]
GDP per capita [+]2023$23,307chart$127,6022023GDP per capita [+]
Quarterly GDP [+]2024Q2€10,397Mchart€20,678M2024Q2Quarterly GDP [+]
Debt (M.€.) [+]202317,581chart20,3592023Debt (M.€.) [+]
Debt ($M) [+]202319,011chart22,0142023Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart25.70%2023Debt (%GDP) [+]
Debt Per Capita [+]2023€9,392chart€30,2932023Debt Per Capita [+]
Debt Per Capita [+]2023$10,156chart$32,7562023Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart-9932023Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart-1,0742023Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart-1.30%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart38,144.82023Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart41,246.02023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart3,646.22022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart3,839.62022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart10.74%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20221,899,066,000.0chart3,941,302,000.02023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20221,999,716,498.0chart4,261,729,852.62023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202114.19%chart10.95%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2022786.9chart543.02022Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2022828.6chart571.82022Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20225.16%chart1.60%2022Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202341.00%chart48.10%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,828chart€56,7592023Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,546chart$61,3732023Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€5,5642022Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$5,9542022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,010chart€5,8912023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,064chart$6,3702023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2022€417chart€8292022Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2022$450chart$8872022Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aaa03/17/2023Moody's Rating [+]
S&P Rating [+]05/31/2024AAAA04/28/1994S&P Rating [+]
Fitch Rating [+]04/10/2020A-AAA03/06/2020Fitch Rating [+]
Corruption Index [+]202259chart772022Corruption Index [+]
Competitiveness Ranking [+]201941ºchart18º2019Competitiveness Ranking [+]
Fragile States Index [+]201844.9chart20.82018Fragile States Index [+]
RTI Raking [+]2022106ºchart115º2022RTI Raking [+]
Innovation Ranking [+]201834ºchart15º2018Innovation Ranking [+]
Labour
Unemployment Rate [+]July 20246.9%chart5.8%July 2024Unemployment Rate [+]
Unemployment rate [+]2024Q26.9%chart6.3%2024Q2Unemployment rate [+]
Unemployed [+]2024Q266Kchart22K2024Q2Unemployed [+]
NMW [+]2024$759.6chart$2,790.02024NMW [+]
NMW [+]2024€700.0chart€2,570.92024NMW [+]
Average Wage [+]2023$20,067chart$79,3872023Average Wage [+]
Average Wage [+]2023€18,559chart€73,4182023Average Wage [+]
Human Capital Ranking [+]201728ºchart30º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]09/20/20240.8956chart0.895609/20/2024US Dollar exchange rate [+]
Stock ExchangeYTD % [+]09/20/2024-23.72%chart-8.01%09/19/2024Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]August 20240.8%chart1.7%August 2024CPI (overall index) [+]
HICP [+]August 20240.9%chart1.7%August 2024HICP [+]
PPI Year on Year [+]May 2024-6.7%chart18.0%April 2024PPI Year on Year [+]
Money Market
Key rates [+]09/18/20243.65%chart3.65%09/18/2024Key rates [+]
Business
Doing Business [+]202019ºchart72º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%chart-5.9%April 2024IPI Year on Year [+]
Passengers vehicles Year [+]December 202216,739chart42,094December 2022Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart71.86December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart775.272021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202230.5%chart42.2%2023Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart17.00%01/01/2015Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart47.2%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20191,934,800chart1,041,1172019Annual arrivals [+]
Exports [+]2023€20,954.5Mchart€15,843.2M2023Exports [+]
Exports [+]2023$22,446.0Mchart$17,147.9M2023Exports [+]
Exports % GDP [+]202351.93%chart19.98%2023Exports % GDP [+]
Imports [+]2023€25,317.9Mchart€24,181.4M2023Imports [+]
Imports [+]2023$27,114.4Mchart$25,535.2M2023Imports [+]
Imports % GDP [+]202362.75%chart30.49%2023Imports % GDP [+]
Trade balance [+]2023€-4,363.4Mchart€-8,338.2M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$-8,387.3M2023Trade balance [+]
Trade balance % GDP [+]2023-10.81%chart-10.51%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%chart6.5%December 2023Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart19º2015Global AgeWatch Ranking [+]
Density [+]202329chart2592023Density [+]
Global Peace Ranking [+]202327ºchart-1º2023Global Peace Ranking [+]
Crude divorce rate [+]20222.90‰chart1.90‰2022Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart1,746.12017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart46.96%2020% Immigrant [+]
% Emigrant [+]202020.07%chart12.88%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart9.50‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart1,321.52017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart6.60‰2023Crude death rate [+]
Fertility Rate [+]20221.47chart1.312022Fertility Rate [+]
Crude marriage rate [+]20226.30‰chart3.80‰2022Crude marriage rate [+]
% risk of poverty [+]202322.5%chart18.8%2023% risk of poverty [+]
Population [+]20231,871,882chart672,0502023Population [+]
Immigrant stock [+]2020239,422chart298,0622020Immigrant stock [+]
Emigrant stock [+]2020380,010chart81,7572020Emigrant stock [+]
HDI [+]20210.863chart0.9302021HDI [+]
Gender Gap Ranking [+]202313ºchart44º2023Gender Gap Ranking [+]
Life expectancy [+]202375.90chart83.402023Life expectancy [+]
Suicides [+]2021254chart532022Suicides [+]
Suicide rate [+]202113.64chart8.702022Suicide rate [+]
Number of homicides [+]202267chart102022Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart1.542022Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61chart12.262022CO2 Tons per capita [+]
Consumption GWh [+]20225,982chart6,1222022Consumption GWh [+]
Generation GWh [+]20224,045chart7632022Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart1,00008/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart393,54208/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart462,70206/11/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart1,487.9808/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart1,374,54703/25/2023Doses administered [+]
Latvia
Luxembourg