Country comparison Latvia vs Marshall Islands

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Gouvernement
GDP Growth (%) [+]20240%chart2.5%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€268M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$290M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€7,1382024GDP per capita [+]
GDP per capita [+]2024$23,243chart$7,7262024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart442023Debt (M.€.) [+]
Debt ($M) [+]202420,343chart482023Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart18.67%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€1,1102023Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$1,2002023Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart22023Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart22023Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart0.69%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart158.12023Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart171.02023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart18.52022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart19.52022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart11.35%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart24.12023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart26.12023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart15.24%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9
Defence Expenditure ($M) [+]20241,423.2
Defence Expenditure (%Bud.) [+]20247.49%
Expenditure (%GDP) [+]202445.60%chart65.99%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€3,9532023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$4,2752023Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€4472022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$4712022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€6212023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$6712023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705
Defence Expenditure P.C. [+]2024$757
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202360
Competitiveness Ranking [+]201941º
Fragile States Index [+]202441.4
RTI Raking [+]2024107º
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]November 20257.1%
Unemployment rate [+]2025Q36.9%
Unemployed [+]2025Q366K
NMW [+]2025$839.1chart$624.02024NMW [+]
NMW [+]2025€740.0chart€564.72024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]01/16/20260.8608
Stock ExchangeYTD % [+]01/17/20261.05%
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 [+]202019ºchart153º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%chart26.1%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart352021Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€55.8M2023Exports [+]
Exports [+]2024$20,645.2Mchart$60.3M2023Exports [+]
Exports % GDP [+]202447.26%chart23.30%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€95.8M2023Imports [+]
Imports [+]2024$23,723.3Mchart$103.6M2023Imports [+]
Imports % GDP [+]202454.31%chart40.02%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-40.0M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-44.7M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-16.72%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart2092024Density [+]
Global Peace Ranking [+]202430ºchart-1º2023Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart29.42017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart7.50%2020% Immigrant [+]
% Emigrant [+]202020.07%chart24.74%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart21.14‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart5.72017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart6.97‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart2.922023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart7.2%2019% risk of poverty [+]
Population [+]20241,856,932chart37,5482024Population [+]
Immigrant stock [+]2020239,422chart3,2982020Immigrant stock [+]
Emigrant stock [+]2020380,010chart10,8862020Emigrant stock [+]
HDI [+]20220.879chart0.7312022HDI [+]
Gender Gap Ranking [+]202430º
Life expectancy [+]202476.70chart66.952023Life expectancy [+]
Suicides [+]2023267
Suicide rate [+]202314.20
Number of homicides [+]202347chart21994Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart4.191994Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56
Consumption GWh [+]20236,664
Generation GWh [+]20236,202
Others
COVID-19 - Deaths [+]12/28/20257,679chart1712/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025977,788chart16,29712/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]12/28/20254,135.32chart452.7512/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart42,52811/04/2021Doses administered [+]
Latvia
Marshall Islands