Country comparison Latvia vs Monaco

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Gouvernement
Qu. GDP Per Capita [+]2024Q35,163K
Annual GDP [+]2024€40,208Mchart€9,244M2023Annual GDP [+]
Annual GDP [+]2024$43,521Mchart$9,995M2023Annual GDP [+]
GDP per capita [+]2024€21,610chart€237,2962023GDP per capita [+]
GDP per capita [+]2023$23,176chart$256,5812023GDP per capita [+]
Quarterly GDP [+]2024Q4€10,479M
Debt (M.€.) [+]202317,579
Debt ($M) [+]202319,015
Debt (%GDP) [+]202345.00%
Debt Per Capita [+]2023€9,391
Debt Per Capita [+]2023$10,158
Deficit (M.€) [+]2023-932
Deficit ($M) [+]2023-1,539
Deficit (%GDP) [+]2023-2.40%
Expenditure (M.€) [+]202317,187.3
Expenditure ($M) [+]202318,349.2
Education Expenditure (M.€) [+]20211,814.4chart103.82021Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20211,820.5chart173.12023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart4.80%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20232,043,247,000.0chart245.62022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,209,362,981.1chart258.32022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart12.04%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023886.0
Defence Expenditure ($M) [+]2023958.0
Defence Expenditure (%Bud.) [+]20235.63%
Expenditure (%GDP) [+]202344.00%chart24.46%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€9,182
Expenditure Per Capita [+]2023$9,803
Education Expenditure P.C [+]2021€963chart€2,6942021Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,172chart$3,1872021Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€1,085chart€6,3092022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$1,173chart$6,6342022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€471
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 [+]202441.4
RTI Raking [+]2024107ºchart136º2024RTI Raking [+]
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]January 20256.9%
Unemployment rate [+]2024Q46.9%
Unemployed [+]2024Q464K
NMW [+]2025$768.8chart$12.72014NMW [+]
NMW [+]2025€740.0chart€1,650.62014NMW [+]
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]03/14/20250.9184chart0.918403/14/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]03/14/20252.33%
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%chart2.65%03/12/2025Key rates [+]
Business
Doing Business [+]202019º
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 [+]2021478,000chart327,0002022Annual arrivals [+]
Exports [+]2024€18,914.2M
Exports [+]2023$22,666.7M
Exports % GDP [+]202353.63%
Imports [+]2024€21,905.4M
Imports [+]2023$27,324.7M
Imports % GDP [+]202364.80%
Trade balance [+]2024€-2,991.4M
Trade balance [+]2023$-4,668.4M
Trade balance % GDP [+]2023-11.17%
Retail Sales YoY [+]March 20252.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202329chart5202023Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20222.90‰chart2.50‰2004Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0
% Immigrant [+]202012.65%chart69.91%2020% Immigrant [+]
% Emigrant [+]202020.07%chart85.55%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart5.90‰2018Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart181.32017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart6.60‰2018Crude death rate [+]
Fertility Rate [+]20231.36
Crude marriage rate [+]20226.30‰chart5.00‰2005Crude marriage rate [+]
% risk of poverty [+]202421.6%
Population [+]20231,871,882chart38,9562023Population [+]
Immigrant stock [+]2020239,422chart26,6012020Immigrant stock [+]
Emigrant stock [+]2020380,010chart32,5522020Emigrant stock [+]
HDI [+]20220.879
Gender Gap Ranking [+]202430º
Life expectancy [+]202375.60
Suicides [+]2022226
Suicide rate [+]202212.00
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 [+]20236,822
Generation GWh [+]20236,360
Others
COVID-19 - Deaths [+]08/04/20247,475chart6708/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart17,18108/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart25,66712/21/2021Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart1,719.8908/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart65,14012/21/2021Doses administered [+]
Latvia
Monaco