Country comparison Latvia vs Federated States of Micronesia

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Gouvernement
Qu. GDP Per Capita [+]2024Q45,598K
Annual GDP [+]2024€40,208Mchart€425M2023Annual GDP [+]
Annual GDP [+]2024$43,521Mchart$460M2023Annual GDP [+]
GDP per capita [+]2024€21,610chart€3,7772023GDP per capita [+]
GDP per capita [+]2024$23,250chart$4,0842023GDP per capita [+]
Quarterly GDP [+]2024Q4€10,479M
Debt (M.€.) [+]202317,579chart562021Debt (M.€.) [+]
Debt ($M) [+]202319,015chart662021Debt ($M) [+]
Debt (%GDP) [+]202345.00%chart17.03%2021Debt (%GDP) [+]
Debt Per Capita [+]2023€9,391chart€5812021Debt Per Capita [+]
Debt Per Capita [+]2023$10,158chart$6882021Debt Per Capita [+]
Deficit (M.€) [+]2023-932chart142021Deficit (M.€) [+]
Deficit ($M) [+]2023-1,539chart172021Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.40%chart4.46%2021Deficit (%GDP) [+]
Expenditure (M.€) [+]202317,187.3chart220.52021Expenditure (M.€) [+]
Expenditure ($M) [+]202318,349.2chart261.02021Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,814.3chart34.42020Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20211,820.5chart39.22020Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart18.62%2020Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20232,043,247,000.0chart4.62022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,209,362,981.1chart4.82022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart1.89%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023892.8
Defence Expenditure ($M) [+]2023965.3
Defence Expenditure (%Bud.) [+]20235.63%
Expenditure (%GDP) [+]202344.00%chart59.30%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€9,182chart€2,2972021Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,803chart$2,7192021Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€963chart€3542020Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,172chart$4042020Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€1,085chart€412022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$1,173chart$432022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€475
Defence Expenditure P.C. [+]2023$526
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 [+]202441.4chart66.92024Fragile States Index [+]
RTI Raking [+]2024107º
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]January 20256.9%
Unemployment rate [+]2024Q46.9%
Unemployed [+]2024Q464K
NMW [+]2025$768.8
NMW [+]2025€740.0
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]03/18/20250.9159
Stock ExchangeYTD % [+]03/18/20251.91%
Prices
CPI (overall index) [+]February 20253.7%
HICP [+]February 20253.6%
PPI Year on Year [+]January 2025-4.2%
Money Market
Key rates [+]03/12/20252.65%
Business
Doing Business [+]202019ºchart158º2020Doing Business [+]
IPI Year on Year [+]January 20250.5%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202333.2%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart18,0002019Annual arrivals [+]
Exports [+]2024€18,992.7Mchart€98.0M2023Exports [+]
Exports [+]2024$20,472.4Mchart$106.0M2023Exports [+]
Exports % GDP [+]202447.04%chart23.04%2023Exports % GDP [+]
Imports [+]2024€21,910.3Mchart€278.4M2023Imports [+]
Imports [+]2024$23,710.0Mchart$301.0M2023Imports [+]
Imports % GDP [+]202454.48%chart65.44%2023Imports % GDP [+]
Trade balance [+]2024€-2,917.6Mchart€-180.3M2023Trade balance [+]
Trade balance [+]2024$-3,237.6Mchart$-195.0M2023Trade balance [+]
Trade balance % GDP [+]2024-7.44%chart-42.39%2023Trade balance % GDP [+]
Retail Sales YoY [+]March 20252.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202329chart1612023Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20222.90‰
Remittance received ($M) [+]20171,090.0chart24.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart2.92%2020% Immigrant [+]
% Emigrant [+]202020.07%chart25.72%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart20.68‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart6.22017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart6.28‰2022Crude death rate [+]
Fertility Rate [+]20231.36chart2.672022Fertility Rate [+]
Crude marriage rate [+]20226.30‰
% risk of poverty [+]202421.6%chart41.2%2013% risk of poverty [+]
Population [+]20231,871,882chart112,6302023Population [+]
Immigrant stock [+]2020239,422chart2,8322020Immigrant stock [+]
Emigrant stock [+]2020380,010chart24,9452020Emigrant stock [+]
HDI [+]20220.879chart0.6342022HDI [+]
Gender Gap Ranking [+]202430º
Life expectancy [+]202375.60chart70.932022Life expectancy [+]
Suicides [+]2022226chart122015Suicides [+]
Suicide rate [+]202212.00chart11.392015Suicide rate [+]
Number of homicides [+]202347chart12019Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.912019Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56
Consumption GWh [+]20236,822
Generation GWh [+]20236,360
Others
COVID-19 - Deaths [+]08/04/20247,475chart6508/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart31,76508/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart577.1108/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart77,14211/04/2021Doses administered [+]
Latvia
Federated States of Micronesia
  • Capital: Palikir
  • Population: 112,630
  • Surface Area: 700 km2
  • Currency: United States dollars
  • Religion: Mostly Christianity
  • Belongs to: ACP, IMF, UN, PIF