Rate

4.75%

-0.50

CPI

2.2%

0

Rate

3.65%

-0.60

CPI

1.1%

-0.3

Unemployment

3.4%

0

Unemployment

7.0%

-0.6

Unemployment

11.3%

-1.0

Unemployment

6.7%

-1.0

  1. Countries data: Demographic and economy

Country comparison Latvia vs Norway

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Human Development Index Latvia vs Norway comparison
 
Gouvernement
Qu. GDP Per Capita [+]2024Q25,554Kchart20,775K2024Q2Qu. GDP Per Capita [+]
Annual GDP [+]2023€40,348Mchart€448,717M2023Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$485,311M2023Annual GDP [+]
GDP per capita [+]2023€21,440chart€80,9702023GDP per capita [+]
GDP per capita [+]2023$23,307chart$87,4402023GDP per capita [+]
Quarterly GDP [+]2024Q2€10,397Mchart€115,307M2024Q2Quarterly GDP [+]
Debt (M.€.) [+]202317,581chart204,0932022Debt (M.€.) [+]
Debt ($M) [+]202319,011chart215,0892022Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart37.12%2022Debt (%GDP) [+]
Debt Per Capita [+]2023€9,392chart€37,1822022Debt Per Capita [+]
Debt Per Capita [+]2023$10,156chart$39,1862022Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart73,9952023Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart80,0112023Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart16.50%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart208,342.62023Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart225,280.92023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart22,431.42022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart23,571.02022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart10.12%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20221,899,066,000.0chart38,451,982,657.92022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20221,999,716,498.0chart42,437.02021Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202114.19%chart17.82%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2022786.9chart9,253.22022Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2022828.6chart9,723.32022Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20225.16%chart3.78%2022Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202341.00%chart46.40%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,828chart€37,5382023Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,546chart$40,5902023Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€4,1112022Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$4,2012022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,010chart€7,0462022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,064chart$7,4482022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2022€417chart€1,6962022Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2022$450chart$1,7332022Defence 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 [+]202259chart842022Corruption Index [+]
Competitiveness Ranking [+]201941ºchart17º2019Competitiveness Ranking [+]
Fragile States Index [+]201844.9chart18.32018Fragile States Index [+]
RTI Raking [+]2022106ºchart81º2022RTI Raking [+]
Innovation Ranking [+]201834ºchart19º2018Innovation Ranking [+]
Labour
Unemployment Rate [+]July 20246.9%chart3.9%July 2024Unemployment Rate [+]
Unemployment rate [+]2024Q26.9%chart4.3%2024Q2Unemployment rate [+]
Unemployed [+]2024Q266Kchart129K2024Q2Unemployed [+]
NMW [+]2024$759.6
NMW [+]2024€700.0
Average Wage [+]2023$20,067chart$68,8712023Average Wage [+]
Average Wage [+]2023€18,559chart€63,6932023Average Wage [+]
Human Capital Ranking [+]201728ºchart1º2017Human Capital Ranking [+]
Markets
11.733009/20/2024Euro / Norwegian krones [+]
US Dollar exchange rate [+]09/20/20240.8956chart10.507809/20/2024US Dollar exchange rate [+]
3.47%09/20/202410-Year Bond Yield [+]
12809/20/2024Risk Premium [+]
Stock ExchangeYTD % [+]09/20/2024-23.72%chart7.72%09/20/2024Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]August 20240.8%chart4.8%December 2023CPI (overall index) [+]
HICP [+]August 20240.9%chart2.3%August 2024HICP [+]
PPI Year on Year [+]May 2024-6.7%chart2.8%May 2024PPI Year on Year [+]
Money Market
Key rates [+]09/18/20243.65%chart4.50%12/15/2023Key rates [+]
Business
Doing Business [+]202019ºchart9º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%chart3.5%April 2024IPI Year on Year [+]
Passengers vehicles Year [+]December 202216,739chart174,329December 2022Passengers 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) [+]202230.5%chart41.6%2023Tax 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 [+]20191,934,800chart5,879,0002019Annual arrivals [+]
Exports [+]2023€20,954.5Mchart€164,256.8M2023Exports [+]
Exports [+]2023$22,446.0Mchart$173,906.1M2023Exports [+]
Exports % GDP [+]202351.93%chart36.61%2023Exports % GDP [+]
Imports [+]2023€25,317.9Mchart€89,425.4M2023Imports [+]
Imports [+]2023$27,114.4Mchart$95,292.4M2023Imports [+]
Imports % GDP [+]202362.75%chart19.93%2023Imports % GDP [+]
Trade balance [+]2023€-4,363.4Mchart€74,831.4M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$78,613.7M2023Trade balance [+]
Trade balance % GDP [+]2023-10.81%chart16.68%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%chart-3.9%December 2023Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart2º2015Global AgeWatch Ranking [+]
Density [+]202329chart92023Density [+]
Global Peace Ranking [+]202327ºchart24º2023Global Peace Ranking [+]
Crude divorce rate [+]20222.90‰chart1.80‰2020Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart614.12017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart15.81%2020% Immigrant [+]
% Emigrant [+]202020.07%chart3.55%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart9.40‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart2,237.92017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart7.90‰2023Crude death rate [+]
Fertility Rate [+]20221.47chart1.412022Fertility Rate [+]
Crude marriage rate [+]20226.30‰chart3.30‰2020Crude marriage rate [+]
% risk of poverty [+]202322.5%chart11.5%2023% risk of poverty [+]
Population [+]20231,871,882chart5,550,2032023Population [+]
Immigrant stock [+]2020239,422chart852,2382020Immigrant stock [+]
Emigrant stock [+]2020380,010chart191,3922020Emigrant stock [+]
HDI [+]20210.863chart0.9612021HDI [+]
Gender Gap Ranking [+]202313ºchart2º2023Gender Gap Ranking [+]
Life expectancy [+]202375.90chart83.102023Life expectancy [+]
Suicides [+]2021254chart6572021Suicides [+]
Suicide rate [+]202113.64chart11.932021Suicide rate [+]
Number of homicides [+]202267chart302022Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart0.552022Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61chart7.622022CO2 Tons per capita [+]
1,8142023Annual crude oil production [+]
8,122.22021Crude Oil Reserves [+]
Consumption GWh [+]20225,982chart121,8992022Consumption GWh [+]
Generation GWh [+]20224,045chart143,3832022Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart5,73208/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart1,512,64708/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart4,054,72611/13/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart1,032.7608/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart12,145,56011/13/2022Doses administered [+]
Latvia
Norway