Country comparison Latvia vs Montenegro

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Gouvernement
GDP Growth (%) [+]20240%chart3.2%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,749Kchart3,333K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€7,645M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$8,272M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€12,2602024GDP per capita [+]
GDP per capita [+]2024$23,243chart$13,2592024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€2,077M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart4,6452024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart5,0262024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart60.76%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€7,4522024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$8,0632024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-2152024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-2332024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-2.81%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart3,324.02024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart3,596.62024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7
Education Expenditure ($M) [+]20221,642.1
Education Expenditure (%Bud.) [+]20229.92%
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart466.22023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart504.12023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart16.60%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart140.12024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart151.62024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart4.19%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart43.48%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€5,3332024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$5,7702024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826
Education Expenditure P.C [+]2022$876
Gov. Health Exp. P.C. [+]2024€987chart€7362023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$7962023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€2252024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$2432024Defence 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 [+]December 20257.0%
Unemployment rate [+]2025Q36.9%chart12.2%2023Q4Unemployment rate [+]
Unemployed [+]2025Q366Kchart39K2023Q4Unemployed [+]
NMW [+]2026$916.5chart$787.32026NMW [+]
NMW [+]2026€780.0chart€670.02026NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]02/17/20260.8456chart0.845602/17/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]02/17/2026-2.17%chart-0.75%02/17/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%
HICP [+]December 20253.4%chart3.7%December 2025HICP [+]
PPI Year on Year [+]December 20250.3%chart0.5%December 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 [+]December 20251.0%chart-4.7%December 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) [+]202435.4%
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 [+]2025€19,604.9Mchart€572.3M2025Exports [+]
Exports [+]2025$22,153.1Mchart$646.7M2025Exports [+]
Exports % GDP [+]202447.26%chart8.04%2024Exports % GDP [+]
Imports [+]2025€23,255.2Mchart€4,456.2M2025Imports [+]
Imports [+]2025$26,277.9Mchart$5,035.4M2025Imports [+]
Imports % GDP [+]202454.31%chart53.21%2024Imports % GDP [+]
Trade balance [+]2025€-3,650.3Mchart€-3,883.9M2025Trade balance [+]
Trade balance [+]2025$-4,124.8Mchart$-4,388.7M2025Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-45.17%2024Trade balance % GDP [+]
Retail Sales YoY [+]December 20251.0%chart-2.1%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart68º2015Global AgeWatch Ranking [+]
Density [+]202429chart452024Density [+]
Global Peace Ranking [+]202430ºchart35º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.20‰2021Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart426.32017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart11.44%2020% Immigrant [+]
% Emigrant [+]202020.07%chart21.42%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart11.20‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart75.62017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart10.20‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart1.762023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart5.20‰2021Crude marriage rate [+]
% risk of poverty [+]202522.0%chart20.3%2022% risk of poverty [+]
Population [+]20241,860,565chart623,3272024Population [+]
Immigrant stock [+]2020239,422chart70,9992020Immigrant stock [+]
Emigrant stock [+]2020380,010chart132,9652020Emigrant stock [+]
HDI [+]20220.879chart0.8442022HDI [+]
Gender Gap Ranking [+]202430ºchart67º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart77.602023Life expectancy [+]
Suicides [+]2023267chart692015Suicides [+]
Suicide rate [+]202314.20chart11.072015Suicide 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 [+]20236,664chart2,7192023Consumption GWh [+]
Generation GWh [+]20236,202chart4,1872023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/20267,691chart2,65401/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/2026977,793chart251,28001/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart284,86908/26/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20264,133.69chart4,257.8001/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart679,17108/26/2022Doses administered [+]
Latvia
Montenegro