Country comparison Latvia vs Namibia

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Gouvernement
GDP Growth (%) [+]20240%chart3.7%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€12,356M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$13,370M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€4,1332024GDP per capita [+]
GDP per capita [+]2024$23,243chart$4,4722024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart7,7012023Debt (M.€.) [+]
Debt ($M) [+]202420,343chart8,3292023Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart67.16%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€2,6302023Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$2,8452023Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-3612023Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-3902023Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-3.14%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart4,243.32023Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart4,589.52023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart1,122.52024Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart1,214.62024Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart24.58%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart636.72023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart688.42023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart14.99%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart337.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart365.72024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart7.13%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart37.01%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€1,4492023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$1,5672023Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€3752024Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$4062024Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€2152023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$2322023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€1132024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$1222024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3B104/05/2024Moody's Rating [+]
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-BB-06/24/2022Fitch Rating [+]
Corruption Index [+]202360chart492023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart94º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart59.32024Fragile States Index [+]
RTI Raking [+]2024107ºchart17º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart102º2024Innovation Ranking [+]
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 [+]201728ºchart99º2017Human Capital Ranking [+]
Markets
18.975801/16/2026Euro / Namibian dollars [+]
US Dollar exchange rate [+]01/16/20260.8608chart16.343801/16/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/16/20261.47%chart1.55%01/16/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%
HICP [+]December 20253.5%
PPI Year on Year [+]November 20251.4%
Money Market
Key rates [+]06/11/20252.15%chart6.50%10/15/2025Key rates [+]
Business
Doing Business [+]202019ºchart104º2020Doing 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%chart19.7%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart15.00%01/01/2011Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart37.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart461,0002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€5,075.4M2023Exports [+]
Exports [+]2024$20,645.2Mchart$5,488.0M2023Exports [+]
Exports % GDP [+]202447.26%chart44.26%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€6,694.8M2023Imports [+]
Imports [+]2024$23,723.3Mchart$7,239.1M2023Imports [+]
Imports % GDP [+]202454.31%chart58.39%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-1,619.4M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-1,160.0M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-14.12%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart42024Density [+]
Global Peace Ranking [+]202430ºchart62º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart43.12017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart4.07%2020% Immigrant [+]
% Emigrant [+]202020.07%chart1.78%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart25.89‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart8.42017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart6.17‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart3.212023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart17.4%2015% risk of poverty [+]
Population [+]20241,856,932chart3,030,1312024Population [+]
Immigrant stock [+]2020239,422chart109,3912020Immigrant stock [+]
Emigrant stock [+]2020380,010chart47,7702020Emigrant stock [+]
HDI [+]20220.879chart0.6102022HDI [+]
Gender Gap Ranking [+]202430ºchart8º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart67.392023Life expectancy [+]
Suicides [+]2023267chart1882015Suicides [+]
Suicide rate [+]202314.20chart8.032015Suicide rate [+]
Number of homicides [+]202347chart3152021Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart11.212021Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart1.532023CO2 Tons per capita [+]
Consumption GWh [+]20236,664chart3,8912023Consumption GWh [+]
Generation GWh [+]20236,202chart1,8902023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/20257,674chart4,11012/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/2025977,786chart172,55712/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart550,97811/12/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20254,132.62chart1,356.3812/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart1,005,93711/12/2023Doses administered [+]
Latvia
Namibia