Country comparison Latvia vs Monaco

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Gouvernement
GDP Growth (%) [+]20240%chart5.0%2023GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q25,657K
Annual GDP [+]2024€40,359Mchart€9,244M2023Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$9,995M2023Annual GDP [+]
GDP per capita [+]2024€21,640chart€240,9392023GDP per capita [+]
GDP per capita [+]2024$23,243chart$260,5192023GDP per capita [+]
Quarterly GDP [+]2025Q2€10,504M
Debt (M.€.) [+]202418,802
Debt ($M) [+]202420,343
Debt (%GDP) [+]202446.60%
Debt Per Capita [+]2024€10,125
Debt Per Capita [+]2024$10,955
Deficit (M.€) [+]2024-732
Deficit ($M) [+]2024-793
Deficit (%GDP) [+]2024-1.80%
Expenditure (M.€) [+]202418,418.9
Expenditure ($M) [+]202419,346.4
Education Expenditure (M.€) [+]20221,558.7chart160.12023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart173.12023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart7.73%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart245.62022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart258.32022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart12.04%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023897.1
Defence Expenditure ($M) [+]2023970.0
Defence Expenditure (%Bud.) [+]20235.63%
Expenditure (%GDP) [+]202445.60%chart24.46%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919
Expenditure Per Capita [+]2024$10,418
Education Expenditure P.C [+]2022€826chart€4,1742023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$4,5132023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€6,3092022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$6,6342022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€477
Defence Expenditure P.C. [+]2023$513
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 [+]2024107ºchart136º2024RTI Raking [+]
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]September 20256.4%
Unemployment rate [+]2025Q26.7%
Unemployed [+]2025Q264K
NMW [+]2025$839.1chart$12.72014NMW [+]
NMW [+]2025€740.0chart€1,650.62014NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]11/07/20250.8650chart0.865011/07/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]11/08/20255.41%
Prices
CPI (overall index) [+]September 20254.1%
HICP [+]October 20254.2%
PPI Year on Year [+]September 2025-0.4%
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202019º
IPI Year on Year [+]September 20256.5%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart327,0002022Annual arrivals [+]
Exports [+]2024€19,073.9M
Exports [+]2024$20,645.2M
Exports % GDP [+]202447.26%
Imports [+]2024€21,917.7M
Imports [+]2024$23,723.3M
Imports % GDP [+]202454.31%
Trade balance [+]2024€-2,843.7M
Trade balance [+]2024$-3,078.1M
Trade balance % GDP [+]2024-7.05%
Retail Sales YoY [+]September 20252.6%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart5132024Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20232.80‰chart2.50‰2004Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0
% Immigrant [+]202012.65%chart69.91%2020% Immigrant [+]
% Emigrant [+]202020.07%chart85.55%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart5.30‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart181.32017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart6.70‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart2.112023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart5.06‰2023Crude marriage rate [+]
% risk of poverty [+]202421.6%
Population [+]20241,856,932chart38,4232024Population [+]
Immigrant stock [+]2020239,422chart26,6012020Immigrant stock [+]
Emigrant stock [+]2020380,010chart32,5522020Emigrant stock [+]
HDI [+]20220.879
Gender Gap Ranking [+]202430º
Life expectancy [+]202476.70chart86.372023Life expectancy [+]
Suicides [+]2023267
Suicide rate [+]202314.20
Number of homicides [+]202347chart02015Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart02015Rate 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 [+]09/28/20257,641chart6709/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]09/28/2025977,783chart17,18109/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart25,66712/21/2021Fully vaccinated [+]
COVID-19 - Deaths per million population [+]09/28/20254,114.85chart1,743.7509/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart71,92912/23/2023Doses administered [+]
Latvia
Monaco