Country comparison Latvia vs Federated States of Micronesia

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Gouvernement
GDP Growth (%) [+]20240%chart0.7%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€436M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$471M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€3,8492024GDP per capita [+]
GDP per capita [+]2024$23,243chart$4,1662024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart562021Debt (M.€.) [+]
Debt ($M) [+]202420,343chart662021Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart16.96%2021Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€5812021Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$6882021Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart142021Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart172021Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart4.44%2021Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart220.52021Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart261.02021Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart37.82020Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart43.12020Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart18.61%2020Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart7.52023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart8.12023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart3.43%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9
Defence Expenditure ($M) [+]20241,423.2
Defence Expenditure (%Bud.) [+]20247.49%
Expenditure (%GDP) [+]202445.60%chart53.38%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€2,2972021Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$2,7192021Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€3892020Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$4442020Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€672023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$722023Gov. 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 [+]202441.4chart66.92024Fragile States Index [+]
RTI Raking [+]2024107º
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]November 20257.1%
Unemployment rate [+]2025Q36.9%
Unemployed [+]2025Q366K
NMW [+]2025$839.1
NMW [+]2025€740.0
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]01/12/20260.8553
Stock ExchangeYTD % [+]12/30/20260.07%
Prices
CPI (overall index) [+]November 20253.8%
HICP [+]December 20253.5%
PPI Year on Year [+]November 20251.4%
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202019ºchart158º2020Doing 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%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart18,0002019Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€98.0M2023Exports [+]
Exports [+]2024$20,645.2Mchart$106.0M2023Exports [+]
Exports % GDP [+]202447.26%chart24.01%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€278.4M2023Imports [+]
Imports [+]2024$23,723.3Mchart$301.0M2023Imports [+]
Imports % GDP [+]202454.31%chart68.18%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-180.3M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-195.0M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-44.17%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart1622024Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart24.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart2.92%2020% Immigrant [+]
% Emigrant [+]202020.07%chart25.72%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart22.30‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart6.22017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart7.64‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart2.752023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart41.2%2013% risk of poverty [+]
Population [+]20241,856,932chart113,1602024Population [+]
Immigrant stock [+]2020239,422chart2,8322020Immigrant stock [+]
Emigrant stock [+]2020380,010chart24,9452020Emigrant stock [+]
HDI [+]20220.879chart0.6342022HDI [+]
Gender Gap Ranking [+]202430º
Life expectancy [+]202476.70chart67.202023Life expectancy [+]
Suicides [+]2023267chart122015Suicides [+]
Suicide rate [+]202314.20chart11.392015Suicide 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 [+]20236,664
Generation GWh [+]20236,202
Others
COVID-19 - Deaths [+]12/21/20257,674chart6508/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/2025977,786chart31,76508/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]12/21/20254,132.62chart577.1108/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart77,14211/04/2021Doses administered [+]
Latvia
Federated States of Micronesia
  • Capital: Palikir
  • Population: 113,160
  • Surface Area: 700 km2
  • Currency: United States dollars
  • Religion: Mostly Christianity
  • Belongs to: ACP, IMF, UN, PIF