Country comparison Latvia vs Montenegro

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Gouvernement
Qu. GDP Per Capita [+]2025Q15,445Kchart3,088K2025Q1Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,208Mchart€7,459M2024Annual GDP [+]
Annual GDP [+]2024$43,521Mchart$8,070M2024Annual GDP [+]
GDP per capita [+]2024€21,610chart€11,9602024GDP per capita [+]
GDP per capita [+]2024$23,243chart$12,9452024GDP per capita [+]
Quarterly GDP [+]2025Q1€10,193Mchart€1,926M2025Q1Quarterly GDP [+]
Debt (M.€.) [+]202418,800chart4,2112023Debt (M.€.) [+]
Debt ($M) [+]202420,607chart4,5542023Debt ($M) [+]
Debt (%GDP) [+]202446.80%chart60.47%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,043chart€6,7522023Debt Per Capita [+]
Debt Per Capita [+]2024$11,009chart$7,3032023Debt Per Capita [+]
Deficit (M.€) [+]2024-706chart602023Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart652023Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart0.86%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,366.4chart2,809.02023Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart3,038.12023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,814.3
Education Expenditure ($M) [+]20211,820.5
Education Expenditure (%Bud.) [+]202112.65%
Gov. Health Exp. (M.€) [+]20241,829,200,000.0chart407.52022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,209,362,981.1chart428.52022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart16.25%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023892.8chart113.82023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023965.3chart123.12023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart3.74%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.70%chart40.35%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,812chart€4,5042023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,335chart$4,8712023Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€963
Education Expenditure P.C [+]2021$1,134
Gov. Health Exp. P.C. [+]2024€977chart€6632022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$1,173chart$6972022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€475chart€1802023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$513chart$1942023Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Ba309/27/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AB+08/30/2024S&P Rating [+]
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202360chart462023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart73º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart56.92024Fragile States Index [+]
RTI Raking [+]2024107ºchart61º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart65º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]May 20256.9%
Unemployment rate [+]2025Q17.4%chart12.2%2023Q4Unemployment rate [+]
Unemployed [+]2025Q170Kchart39K2023Q4Unemployed [+]
NMW [+]2025$768.8chart$696.12025NMW [+]
NMW [+]2025€740.0chart€670.02025NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]07/10/20250.8540chart0.854007/10/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]07/11/20252.41%chart6.58%07/10/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]June 20253.8%
HICP [+]June 20254.0%chart4.5%May 2025HICP [+]
PPI Year on Year [+]May 2025-0.6%chart1.9%May 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202019ºchart50º2020Doing Business [+]
IPI Year on Year [+]May 20254.0%chart28.2%May 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202333.0%
Standard VAT [+]07/01/201221.00%chart21.00%01/01/2019Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart9.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart2,036,0002022Annual arrivals [+]
Exports [+]2024€19,075.4Mchart€614.9M2024Exports [+]
Exports [+]2024$20,646.8Mchart$665.6M2024Exports [+]
Exports % GDP [+]202447.44%chart8.24%2024Exports % GDP [+]
Imports [+]2024€21,903.7Mchart€4,068.0M2024Imports [+]
Imports [+]2024$23,708.1Mchart$4,403.1M2024Imports [+]
Imports % GDP [+]202454.48%chart54.54%2024Imports % GDP [+]
Trade balance [+]2024€-2,828.3Mchart€-3,453.1M2024Trade balance [+]
Trade balance [+]2024$-3,061.3Mchart$-3,737.6M2024Trade balance [+]
Trade balance % GDP [+]2024-7.03%chart-46.29%2024Trade balance % GDP [+]
Retail Sales YoY [+]May 2025-1.5%chart5.6%May 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart68º2015Global AgeWatch Ranking [+]
Density [+]202329chart452023Density [+]
Global Peace Ranking [+]202430ºchart35º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.20‰2021Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart426.32017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart11.44%2020% Immigrant [+]
% Emigrant [+]202020.07%chart21.42%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart11.30‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart75.62017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart10.20‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.762023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart5.20‰2021Crude marriage rate [+]
% risk of poverty [+]202421.6%chart20.3%2022% risk of poverty [+]
Population [+]20231,875,316chart623,6802023Population [+]
Immigrant stock [+]2020239,422chart70,9992020Immigrant stock [+]
Emigrant stock [+]2020380,010chart132,9652020Emigrant stock [+]
HDI [+]20220.879chart0.8442022HDI [+]
Gender Gap Ranking [+]202430ºchart67º2024Gender Gap Ranking [+]
Life expectancy [+]202375.60chart77.602023Life expectancy [+]
Suicides [+]2022226chart692015Suicides [+]
Suicide rate [+]202212.29chart11.072015Suicide rate [+]
Number of homicides [+]202347chart52023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.792023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56
Consumption GWh [+]20236,822chart2,7192023Consumption GWh [+]
Generation GWh [+]20236,360chart4,1872023Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart2,65408/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart251,28008/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart284,86908/26/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,985.99chart4,255.3908/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart679,17108/26/2022Doses administered [+]
Latvia
Montenegro