Country comparison Latvia vs Panama

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Gouvernement
GDP Growth (%) [+]20252.1%chart2.7%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q45,942K
Annual GDP [+]2025€43,026Mchart€79,963M2024Annual GDP [+]
Annual GDP [+]2025$48,619Mchart$86,524M2024Annual GDP [+]
GDP per capita [+]2025€23,410chart€17,7322024GDP per capita [+]
GDP per capita [+]2025$26,131chart$19,1872024GDP per capita [+]
Quarterly GDP [+]2025Q4€11,055M
Debt (M.€.) [+]202418,802chart45,8832024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart49,6482024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart57.38%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€10,3042024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$11,1492024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-5,9292024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-6,4162024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-7.42%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart18,508.32024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart20,027.02024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.9chart1,915.82023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart2,059.82023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart16.28%2024Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847.5chart3,290.12023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999.7chart3,557.62023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart19.85%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,324.4chart02020Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart02020Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart0%2020Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart23.15%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€4,1562024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$4,4972024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€4302023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$4652023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€7382023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$7982023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€710chart€02020Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$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 [+]January 20266.9%
Unemployment rate [+]2025Q36.9%chart4.6%2017Q1Unemployment rate [+]
Unemployed [+]2025Q366Kchart87K2017Q1Unemployed [+]
NMW [+]2026$916.5chart$482.22024NMW [+]
NMW [+]2026€780.0chart€436.42024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart56º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]03/09/20260.8654
Stock ExchangeYTD % [+]03/09/2026-2.66%chart18.51%03/06/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]January 20262.9%chart-0.4%August 2025CPI (overall index) [+]
PPI Year on Year [+]January 20261.2%
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202019ºchart86º2020Doing Business [+]
IPI Year on Year [+]January 202613.3%
Passengers vehicles Year [+]December 202433,318chart39,049December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart11.12December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart170.402015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart11.9%2023Tax 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 [+]2025€19,604.9Mchart€15,479.8M2023Exports [+]
Exports [+]2025$22,153.1Mchart$16,738.3M2023Exports [+]
Exports % GDP [+]202545.57%chart19.98%2023Exports % GDP [+]
Imports [+]2025€23,255.2Mchart€31,706.8M2023Imports [+]
Imports [+]2025$26,277.9Mchart$34,284.5M2023Imports [+]
Imports % GDP [+]202554.05%chart40.92%2023Imports % GDP [+]
Trade balance [+]2025€-3,650.3Mchart€-16,227.0M2023Trade balance [+]
Trade balance [+]2025$-4,124.8Mchart$-19,382.1M2023Trade balance [+]
Trade balance % GDP [+]2025-8.48%chart-20.94%2023Trade balance % GDP [+]
Retail Sales YoY [+]January 20265.9%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart20º2015Global AgeWatch Ranking [+]
Density [+]202429chart592023Density [+]
Global Peace Ranking [+]202430ºchart96º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($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 [+]20241.24chart2.122023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202522.0%chart21.7%2023% risk of poverty [+]
Population [+]20241,860,565chart4,453,0002023Population [+]
Immigrant stock [+]2020239,422chart313,1652020Immigrant stock [+]
Emigrant stock [+]2020380,010chart139,5202020Emigrant stock [+]
HDI [+]20220.879chart0.8202022HDI [+]
Gender Gap Ranking [+]202430ºchart50º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart79.592023Life expectancy [+]
Suicides [+]2023267chart2162015Suicides [+]
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 [+]20246,623chart12,4112024Consumption GWh [+]
Generation GWh [+]20245,913chart13,4352024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/08/20267,710chart8,83002/08/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/08/2026977,795chart1,045,65202/08/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart3,178,70012/29/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/08/20264,143.90chart1,982.9302/08/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart9,201,27612/29/2023Doses administered [+]
Latvia
Panama