Country comparison Latvia vs Palau

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Gouvernement
Qu. GDP Per Capita [+]2024Q15,506K
Annual GDP [+]2023€40,348Mchart€233M2022Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$246M2022Annual GDP [+]
GDP per capita [+]2023€21,440chart€12,9682022GDP per capita [+]
GDP per capita [+]2023$23,169chart$13,6672022GDP per capita [+]
Quarterly GDP [+]2024Q1€10,368M
Debt (M.€.) [+]202317,581chart1602022Debt (M.€.) [+]
Debt ($M) [+]202319,011chart1692022Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart68.39%2022Debt (%GDP) [+]
Debt Per Capita [+]2023€9,337chart€8,9092022Debt Per Capita [+]
Debt Per Capita [+]2023$10,096chart$9,3892022Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart-92022Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart-92022Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart-3.57%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart144.22022Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart152.02022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart17.02019Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart19.02019Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart15.66%2019Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20222,311,044,000.0chart14.12021Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20222,433,529,332.0chart16.62021Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202114.19%chart11.10%2021Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2022786.9
Defence Expenditure ($M) [+]2022828.6
Defence Expenditure (%Bud.) [+]20225.16%
Expenditure (%GDP) [+]202341.00%chart61.76%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,776chart€8,0132022Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,490chart$8,4442022Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€9552019Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$1,0692019Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,232chart€7812021Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,297chart$9232021Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2022€417
Defence Expenditure P.C. [+]2022$450
Moody's Rating [+]01/26/2024A3
S&P Rating [+]12/06/2022A+
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202259
Competitiveness Ranking [+]201941º
Fragile States Index [+]201844.9
RTI Raking [+]2022106ºchart136º2022RTI Raking [+]
Innovation Ranking [+]201834º
Labour
Unemployment Rate [+]April 20246.8%
Unemployment rate [+]2024Q17.2%
Unemployed [+]2024Q169K
NMW [+]2024$773.5chart$728.02022NMW [+]
NMW [+]2024€700.0chart€642.82022NMW [+]
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]06/17/20240.9335
Stock ExchangeYTD % [+]06/17/20249.00%
Prices
CPI (overall index) [+]May 20240.1%
HICP [+]May 20240.2%
PPI Year on Year [+]April 2024-9.2%
Money Market
Key rates [+]06/12/20244.25%
Business
Doing Business [+]202019ºchart145º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%
Passengers vehicles Year [+]December 202216,739
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202230.5%
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]20191,934,800chart106,0002018Annual arrivals [+]
Exports [+]2023€20,947.4Mchart€1.7M2023Exports [+]
Exports [+]2023$22,446.0Mchart$1.9M2023Exports [+]
Exports % GDP [+]202351.97%chart1.11%2022Exports % GDP [+]
Imports [+]2023€25,324.2Mchart€224.1M2023Imports [+]
Imports [+]2023$27,114.4Mchart$242.3M2023Imports [+]
Imports % GDP [+]202362.62%chart84.38%2022Imports % GDP [+]
Trade balance [+]2023€-4,376.9Mchart€-222.3M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$-240.4M2023Trade balance [+]
Trade balance % GDP [+]2023-10.65%chart-83.28%2022Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202229chart392021Density [+]
Global Peace Ranking [+]202327º
Crude divorce rate [+]20222.90‰
Remittance received ($M) [+]20171,090.0chart2.42017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart28.27%2020% Immigrant [+]
% Emigrant [+]202020.07%chart14.76%2020% Emigrant [+]
Birth Rate [+]20228.50‰chart8.80‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart18.12017Remittance sent ($M) [+]
Crude death rate [+]202216.40‰chart11.40‰2022Crude death rate [+]
Fertility Rate [+]20221.47chart0.852020Fertility Rate [+]
Crude marriage rate [+]20226.30‰
% risk of poverty [+]202322.5%chart24.9%2006% risk of poverty [+]
Population [+]20221,883,008chart18,0002021Population [+]
Immigrant stock [+]2020239,422chart5,0882020Immigrant stock [+]
Emigrant stock [+]2020380,010chart2,6562020Emigrant stock [+]
HDI [+]20210.863chart0.7672021HDI [+]
Gender Gap Ranking [+]202313º
Life expectancy [+]202375.90chart69.132005Life expectancy [+]
Suicides [+]2021254
Suicide rate [+]202113.64
Number of homicides [+]202267chart22018Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart11.202018Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61chart59.002022CO2 Tons per capita [+]
Consumption GWh [+]20225,982
Generation GWh [+]20224,045
Others
COVID-19 - Deaths [+]06/02/20247,475chart1006/02/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]06/02/2024977,765chart6,36606/02/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976
COVID-19 - Deaths per million population [+]06/02/20243,969.71chart555.5606/02/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart31,93111/04/2021Doses administered [+]
  • Capital: Ngerulmud
  • Population: 18,000
  • Surface Area: 460 km2
  • Currency: United States dollars
  • Religion: Mostly Christianity
  • Belongs to: ACP, IMF, UN, PIF