Country comparison Latvia vs Palau

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Gouvernement
Qu. GDP Per Capita [+]2024Q45,598K
Annual GDP [+]2024€40,208Mchart€261M2023Annual GDP [+]
Annual GDP [+]2024$43,521Mchart$282M2023Annual GDP [+]
GDP per capita [+]2024€21,610chart€14,8072023GDP per capita [+]
GDP per capita [+]2024$23,250chart$16,0142023GDP per capita [+]
Quarterly GDP [+]2024Q4€10,479M
Debt (M.€.) [+]202317,579chart2112023Debt (M.€.) [+]
Debt ($M) [+]202319,015chart2282023Debt ($M) [+]
Debt (%GDP) [+]202345.00%chart80.92%2023Debt (%GDP) [+]
Debt Per Capita [+]2023€9,391chart€11,7112023Debt Per Capita [+]
Debt Per Capita [+]2023$10,158chart$12,6672023Debt Per Capita [+]
Deficit (M.€) [+]2023-932chart-72023Deficit (M.€) [+]
Deficit ($M) [+]2023-1,539chart-82023Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.40%chart-2.76%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202317,187.3chart126.72023Expenditure (M.€) [+]
Expenditure ($M) [+]202318,349.2chart137.02023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,814.3chart17.22019Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20211,820.5chart19.22019Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart15.66%2019Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20232,043,247,000.0chart13.52022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,209,362,981.1chart14.32022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart9.51%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023892.8
Defence Expenditure ($M) [+]2023965.3
Defence Expenditure (%Bud.) [+]20235.63%
Expenditure (%GDP) [+]202344.00%chart48.58%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€9,182chart€7,0372023Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,803chart$7,6112023Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€963chart€9732019Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,172chart$1,0892019Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€1,085chart€7632022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$1,173chart$8032022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€475
Defence Expenditure P.C. [+]2023$526
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202360
Competitiveness Ranking [+]201941º
Fragile States Index [+]202441.4
RTI Raking [+]2024107ºchart140º2024RTI Raking [+]
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]January 20256.9%
Unemployment rate [+]2024Q46.9%
Unemployed [+]2024Q464K
NMW [+]2025$768.8chart$883.02024NMW [+]
NMW [+]2025€740.0chart€799.12024NMW [+]
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]03/25/20250.9238
Stock ExchangeYTD % [+]03/25/20251.80%
Prices
CPI (overall index) [+]February 20253.7%
HICP [+]February 20253.7%
PPI Year on Year [+]February 20250.5%
Money Market
Key rates [+]03/12/20252.65%
Business
Doing Business [+]202019ºchart145º2020Doing Business [+]
IPI Year on Year [+]January 20250.5%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202333.2%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart18,4002020Annual arrivals [+]
Exports [+]2024€18,992.7Mchart€1.7M2023Exports [+]
Exports [+]2024$20,472.4Mchart$1.9M2023Exports [+]
Exports % GDP [+]202447.04%chart0.66%2023Exports % GDP [+]
Imports [+]2024€21,910.3Mchart€224.0M2023Imports [+]
Imports [+]2024$23,710.0Mchart$242.2M2023Imports [+]
Imports % GDP [+]202454.48%chart85.90%2023Imports % GDP [+]
Trade balance [+]2024€-2,917.6Mchart€-222.2M2023Trade balance [+]
Trade balance [+]2024$-3,237.6Mchart$-240.4M2023Trade balance [+]
Trade balance % GDP [+]2024-7.44%chart-85.24%2023Trade balance % GDP [+]
Retail Sales YoY [+]March 20252.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202329chart392023Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart2.42017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart28.27%2020% Immigrant [+]
% Emigrant [+]202020.07%chart14.76%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart8.80‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart18.12017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart11.40‰2022Crude death rate [+]
Fertility Rate [+]20231.36chart0.852020Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart24.9%2006% risk of poverty [+]
Population [+]20231,871,882chart18,0002023Population [+]
Immigrant stock [+]2020239,422chart5,0882020Immigrant stock [+]
Emigrant stock [+]2020380,010chart2,6562020Emigrant stock [+]
HDI [+]20220.879chart0.7972022HDI [+]
Gender Gap Ranking [+]202430º
Life expectancy [+]202375.60chart69.132005Life expectancy [+]
Suicides [+]2022226
Suicide rate [+]202212.29
Number of homicides [+]202347chart22018Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart11.232018Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart62.592023CO2 Tons per capita [+]
Consumption GWh [+]20236,822
Generation GWh [+]20236,360
Others
COVID-19 - Deaths [+]08/04/20247,475chart1008/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart6,37208/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart555.5608/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart31,93111/04/2021Doses administered [+]
Latvia
Palau
  • Capital: Ngerulmud
  • Population: 18,000
  • Surface Area: 460 km2
  • Currency: United States dollars
  • Religion: Mostly Christianity
  • Belongs to: ACP, IMF, UN, PIF