Country comparison Latvia vs Norway

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Gouvernement
GDP Growth (%) [+]20240%chart2.1%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760Kchart20,508K2025Q2Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€446,866M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$483,593M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€80,2002024GDP per capita [+]
GDP per capita [+]2024$23,243chart$86,5872024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€114,729M2025Q2Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart197,0492023Debt (M.€.) [+]
Debt ($M) [+]202420,343chart213,1242023Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart44.13%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€35,5032023Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$38,3992023Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart58,3712024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart63,1792024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart13.10%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart220,464.82024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart238,626.72024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart30,960.32022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart32,392.92022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart14.47%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart37,248,508,861.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart39,211.52023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart17.37%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart9,345.02024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart10,113.12024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart4.53%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart49.30%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€39,4092024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$42,6552024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€5,6742022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$5,9422022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€6,7112024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$7,1442023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€1,6772024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$1,8112024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aaa06/07/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AAAA07/09/1975S&P Rating [+]
Fitch Rating [+]04/10/2020A-AAA02/28/2020Fitch Rating [+]
Corruption Index [+]202360chart842023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart17º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart12.72024Fragile States Index [+]
RTI Raking [+]2024107ºchart86º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart21º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%chart4.5%November 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart4.6%2025Q3Unemployment rate [+]
Unemployed [+]2025Q366Kchart141K2025Q3Unemployed [+]
NMW [+]2025$839.1
NMW [+]2025€740.0
Average Wage [+]2024$21,838chart$71,0852024Average Wage [+]
Average Wage [+]2024€20,176chart€65,6752024Average Wage [+]
Human Capital Ranking [+]201728ºchart1º2017Human Capital Ranking [+]
Markets
11.756001/13/2026Euro / Norwegian krones [+]
US Dollar exchange rate [+]01/13/20260.8581chart10.087501/13/2026US Dollar exchange rate [+]
4.20%01/14/202610-Year Bond Yield [+]
14001/14/2026Risk Premium [+]
Stock ExchangeYTD % [+]12/30/20260.07%chart0%12/30/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart4.8%December 2023CPI (overall index) [+]
HICP [+]December 20253.5%chart2.7%November 2025HICP [+]
PPI Year on Year [+]November 20251.4%chart1.0%December 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart4.00%09/19/2025Key rates [+]
Business
Doing Business [+]202019ºchart9º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%chart2.0%November 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 202433,318chart252,252December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart38.26December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart634.332021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart40.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart25.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart47.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart4,979,4002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€154,449.8M2024Exports [+]
Exports [+]2024$20,645.2Mchart$167,173.4M2024Exports [+]
Exports % GDP [+]202447.26%chart34.56%2024Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€91,038.5M2024Imports [+]
Imports [+]2024$23,723.3Mchart$98,538.3M2024Imports [+]
Imports % GDP [+]202454.31%chart20.37%2024Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€63,411.3M2024Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$68,635.1M2024Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart14.19%2024Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%chart5.1%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart2º2015Global AgeWatch Ranking [+]
Density [+]202429chart92024Density [+]
Global Peace Ranking [+]202430ºchart28º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.80‰2020Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart614.12017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart15.81%2020% Immigrant [+]
% Emigrant [+]202020.07%chart3.55%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart9.70‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart2,237.92017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart7.90‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart1.402023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart3.30‰2020Crude marriage rate [+]
% risk of poverty [+]202421.6%chart11.6%2024% risk of poverty [+]
Population [+]20241,856,932chart5,594,3402024Population [+]
Immigrant stock [+]2020239,422chart852,2382020Immigrant stock [+]
Emigrant stock [+]2020380,010chart191,3922020Emigrant stock [+]
HDI [+]20220.879chart0.9662022HDI [+]
Gender Gap Ranking [+]202430ºchart3º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart83.302024Life expectancy [+]
Suicides [+]2023267chart7282023Suicides [+]
Suicide rate [+]202314.20chart13.122023Suicide rate [+]
Number of homicides [+]202347chart402023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.722023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart7.862023CO2 Tons per capita [+]
1,7912024Annual crude oil production [+]
8,122.22021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart127,3242023Consumption GWh [+]
Generation GWh [+]20236,202chart152,0952023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/20257,674chart5,73212/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/2025977,786chart1,548,03612/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart4,061,31212/23/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20254,132.62chart1,024.6112/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart13,020,64112/23/2023Doses administered [+]
Latvia
Norway