Country comparison Latvia vs Panama

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Gouvernement
Qu. GDP Per Capita [+]2025Q15,489K
Annual GDP [+]2024€40,208Mchart€81,038M2024Annual GDP [+]
Annual GDP [+]2024$43,521Mchart$87,688M2024Annual GDP [+]
GDP per capita [+]2024€21,610chart€18,1992024GDP per capita [+]
GDP per capita [+]2024$23,243chart$19,6922024GDP per capita [+]
Quarterly GDP [+]2025Q1€10,193M
Debt (M.€.) [+]202418,800chart39,6982023Debt (M.€.) [+]
Debt ($M) [+]202420,607chart42,9372023Debt ($M) [+]
Debt (%GDP) [+]202446.80%chart51.49%2023Debt (%GDP) [+]
Debt Per Capita [+]2024€10,124chart€8,9152023Debt Per Capita [+]
Debt Per Capita [+]2024$11,097chart$9,6422023Debt Per Capita [+]
Deficit (M.€) [+]2024-706chart-3,0242023Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-3,2712023Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-3.92%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,366.4chart16,571.12023Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart17,923.02023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,814.3chart2,822.42022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20211,820.5chart2,576.52022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart11.92%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,829,200,000.0chart3,457.52022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,979,889,496.0chart3,640.82022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart22.23%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023892.8chart02020Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023965.3chart02020Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart0%2020Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.70%chart21.49%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,891chart€3,7212023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$4,0252023Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€963chart€6422022Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,134chart$6772022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€977chart€7862022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,058chart$8272022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€475chart€02020Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$513chart$02020Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Baa311/29/2024Moody's Rating [+]
S&P Rating [+]05/31/2024ABBB-11/26/2024S&P Rating [+]
Fitch Rating [+]04/10/2020A-BBB-02/03/2021Fitch Rating [+]
Corruption Index [+]202360chart352023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart66º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart47.72024Fragile States Index [+]
RTI Raking [+]2024107ºchart56º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart82º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]May 20256.9%
Unemployment rate [+]2025Q17.4%chart4.6%2017Q1Unemployment rate [+]
Unemployed [+]2025Q170Kchart87K2017Q1Unemployed [+]
NMW [+]2025$768.8chart$482.22024NMW [+]
NMW [+]2025€740.0chart€436.42024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart56º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]07/14/20250.8554
Stock ExchangeYTD % [+]07/15/20252.24%chart5.09%07/14/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]June 20253.8%chart-0.2%December 2024CPI (overall index) [+]
HICP [+]June 20254.0%
PPI Year on Year [+]May 2025-0.6%
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202019ºchart86º2020Doing Business [+]
IPI Year on Year [+]May 20254.0%
Passengers vehicles Year [+]December 202433,318chart39,049December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.15chart11.12December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart170.402015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202333.0%chart13.1%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart7.00%01/01/2010Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart25.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart1,488,0002022Annual arrivals [+]
Exports [+]2024€19,075.4Mchart€15,479.8M2023Exports [+]
Exports [+]2024$20,646.8Mchart$16,738.3M2023Exports [+]
Exports % GDP [+]202447.44%chart20.08%2023Exports % GDP [+]
Imports [+]2024€21,903.7Mchart€31,706.8M2023Imports [+]
Imports [+]2024$23,708.1Mchart$34,284.5M2023Imports [+]
Imports % GDP [+]202454.48%chart41.13%2023Imports % GDP [+]
Trade balance [+]2024€-2,828.3Mchart€-16,227.0M2023Trade balance [+]
Trade balance [+]2024$-3,061.3Mchart$-19,382.1M2023Trade balance [+]
Trade balance % GDP [+]2024-7.03%chart-21.05%2023Trade balance % GDP [+]
Retail Sales YoY [+]May 2025-1.5%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart20º2015Global AgeWatch Ranking [+]
Density [+]202429chart592023Density [+]
Global Peace Ranking [+]202430ºchart96º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart533.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart7.32%2020% Immigrant [+]
% Emigrant [+]202020.07%chart3.26%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart16.03‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart451.22017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart4.77‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart2.122023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart21.8%2021% risk of poverty [+]
Population [+]20241,856,932chart4,453,0002023Population [+]
Immigrant stock [+]2020239,422chart313,1652020Immigrant stock [+]
Emigrant stock [+]2020380,010chart139,5202020Emigrant stock [+]
HDI [+]20220.879chart0.8202022HDI [+]
Gender Gap Ranking [+]202430ºchart50º2024Gender Gap Ranking [+]
Life expectancy [+]202375.60chart79.592023Life expectancy [+]
Suicides [+]2023266chart2162015Suicides [+]
Suicide rate [+]202314.20chart5.442015Suicide rate [+]
Number of homicides [+]202347chart5222023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart11.712023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart3.292023CO2 Tons per capita [+]
Consumption GWh [+]20236,822chart11,7772023Consumption GWh [+]
Generation GWh [+]20236,360chart12,8722023Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart8,74808/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart1,044,82108/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart3,174,15505/12/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,985.99chart1,964.5208/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart8,893,00105/12/2023Doses administered [+]
Latvia
Panama