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 Marshall Islands

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Total Fertility Rate Latvia vs Marshall Islands comparison
 
Gouvernement
Qu. GDP Per Capita [+]2024Q25,554K
Annual GDP [+]2023€40,348Mchart€263M2023Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$284M2023Annual GDP [+]
GDP per capita [+]2023€21,440chart€5,8372023GDP per capita [+]
GDP per capita [+]2023$23,307chart$6,3112023GDP per capita [+]
Quarterly GDP [+]2024Q2€10,397M
Debt (M.€.) [+]202317,581chart472022Debt (M.€.) [+]
Debt ($M) [+]202319,011chart502022Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart19.22%2022Debt (%GDP) [+]
Debt Per Capita [+]2023€9,392chart€1,0542022Debt Per Capita [+]
Debt Per Capita [+]2023$10,156chart$1,1112022Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart22022Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart22022Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart0.66%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart163.22022Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart172.02022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart17.32022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart19.52022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart11.35%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20221,899,066,000.0chart11.62021Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20221,999,716,498.0chart13.72021Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202114.19%chart7.95%2021Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2022786.9
Defence Expenditure ($M) [+]2022828.6
Defence Expenditure (%Bud.) [+]20225.16%
Expenditure (%GDP) [+]202341.00%chart65.72%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,828chart€3,6272022Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,546chart$3,8222022Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€3872022Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$4072022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,010chart€2752021Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,064chart$3252021Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2022€417
Defence Expenditure P.C. [+]2022$450
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202259
Competitiveness Ranking [+]201941º
Fragile States Index [+]201844.9
RTI Raking [+]2022106º
Innovation Ranking [+]201834º
Labour
Unemployment Rate [+]July 20246.9%
Unemployment rate [+]2024Q26.9%
Unemployed [+]2024Q266K
NMW [+]2024$759.6chart$624.02022NMW [+]
NMW [+]2024€700.0chart€550.92022NMW [+]
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]09/20/20240.8956
Stock ExchangeYTD % [+]09/20/2024-23.72%
Prices
CPI (overall index) [+]August 20240.8%
HICP [+]August 20240.9%
PPI Year on Year [+]May 2024-6.7%
Money Market
Key rates [+]09/18/20243.65%
Business
Doing Business [+]202019ºchart153º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%
Passengers vehicles Year [+]December 202216,739
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202230.5%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]20191,934,800chart6,8002018Annual arrivals [+]
Exports [+]2023€20,954.5Mchart€54.4M2023Exports [+]
Exports [+]2023$22,446.0Mchart$58.8M2023Exports [+]
Exports % GDP [+]202351.93%chart20.71%2023Exports % GDP [+]
Imports [+]2023€25,317.9Mchart€95.7M2023Imports [+]
Imports [+]2023$27,114.4Mchart$103.5M2023Imports [+]
Imports % GDP [+]202362.75%chart36.44%2023Imports % GDP [+]
Trade balance [+]2023€-4,363.4Mchart€-41.3M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$-44.7M2023Trade balance [+]
Trade balance % GDP [+]2023-10.81%chart-15.73%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202329chart2502022Density [+]
Global Peace Ranking [+]202327ºchart-1º2023Global Peace Ranking [+]
Crude divorce rate [+]20222.90‰
Remittance received ($M) [+]20171,090.0chart29.42017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart6.00%2020% Immigrant [+]
% Emigrant [+]202020.07%chart19.79%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart18.52‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart5.72017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart7.92‰2022Crude death rate [+]
Fertility Rate [+]20221.47chart2.672022Fertility Rate [+]
Crude marriage rate [+]20226.30‰
% risk of poverty [+]202322.5%chart7.2%2019% risk of poverty [+]
Population [+]20231,871,882chart45,0002022Population [+]
Immigrant stock [+]2020239,422chart3,2982020Immigrant stock [+]
Emigrant stock [+]2020380,010chart10,8862020Emigrant stock [+]
HDI [+]20210.863chart0.6392021HDI [+]
Gender Gap Ranking [+]202313º
Life expectancy [+]202375.90chart65.152022Life expectancy [+]
Suicides [+]2021254
Suicide rate [+]202113.64
Number of homicides [+]202267chart21994Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart4.011994Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61
Consumption GWh [+]20225,982
Generation GWh [+]20224,045
Others
COVID-19 - Deaths [+]08/04/20247,475chart1708/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart16,29708/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart377.7808/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart42,52811/04/2021Doses administered [+]
Latvia
Marshall Islands