Country comparison Latvia vs Papua New Guinea

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Gouvernement
GDP Growth (%) [+]20240%chart4.1%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q25,657K
Annual GDP [+]2024€40,359Mchart€30,062M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$32,538M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€2,8932024GDP per capita [+]
GDP per capita [+]2024$23,243chart$3,1322024GDP per capita [+]
Quarterly GDP [+]2025Q2€10,504M
Debt (M.€.) [+]202418,802chart14,4732022Debt (M.€.) [+]
Debt ($M) [+]202420,343chart15,2532022Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart48.19%2022Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€1,4192022Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$1,4952022Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-1,5782022Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-1,6632022Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-5.25%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart6,576.12022Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart6,930.42022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart222.22023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart240.32023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart3.54%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart459.62022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart484.32022Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart6.99%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023897.1chart89.02023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023970.0chart96.32023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart1.42%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart21.90%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€6452022Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$6792022Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€182023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$202023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€452022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$472022Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€477chart€72023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$513chart$82023Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3B207/15/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AB-06/03/2021S&P Rating [+]
Fitch Rating [+]04/10/2020A-B+03/13/2008Fitch Rating [+]
Corruption Index [+]202360chart292023Corruption Index [+]
Competitiveness Ranking [+]201941º
Fragile States Index [+]202441.4chart78.82024Fragile States Index [+]
RTI Raking [+]2024107º
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]September 20256.4%
Unemployment rate [+]2025Q26.7%
Unemployed [+]2025Q264K
NMW [+]2025$839.1chart$195.32024NMW [+]
NMW [+]2025€740.0chart€176.52024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
4.863811/07/2025Euro / Kinas [+]
US Dollar exchange rate [+]11/07/20250.8650chart4.217611/07/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]11/08/20255.41%
Prices
CPI (overall index) [+]September 20254.1%
HICP [+]October 20254.2%
PPI Year on Year [+]September 2025-0.4%
Money Market
Key rates [+]06/11/20252.15%chart5.00%11/01/2025Key rates [+]
Business
Doing Business [+]202019ºchart120º2020Doing Business [+]
IPI Year on Year [+]September 20256.5%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.15
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%chart14.8%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart10.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart42.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart66,8002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€11,711.9M2023Exports [+]
Exports [+]2024$20,645.2Mchart$12,664.1M2023Exports [+]
Exports % GDP [+]202447.26%chart41.22%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€5,053.9M2023Imports [+]
Imports [+]2024$23,723.3Mchart$5,464.8M2023Imports [+]
Imports % GDP [+]202454.31%chart17.79%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€6,658.0M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$9,017.5M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart23.43%2023Trade balance % GDP [+]
Retail Sales YoY [+]September 20252.6%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart222023Density [+]
Global Peace Ranking [+]202430ºchart115º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart2.92017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart0.28%2020% Immigrant [+]
% Emigrant [+]202020.07%chart0.04%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart24.58‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart53.52017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart6.52‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart3.102023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart39.9%2009% risk of poverty [+]
Population [+]20241,856,932chart10,389,6352023Population [+]
Immigrant stock [+]2020239,422chart31,0682020Immigrant stock [+]
Emigrant stock [+]2020380,010chart4,8102020Emigrant stock [+]
HDI [+]20220.879chart0.5682022HDI [+]
Gender Gap Ranking [+]202430ºchart135º2021Gender Gap Ranking [+]
Life expectancy [+]202476.70chart66.132023Life expectancy [+]
Suicides [+]2023267chart7872015Suicides [+]
Suicide rate [+]202314.20chart8.942015Suicide rate [+]
Number of homicides [+]202347chart7132010Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart9.342010Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart0.642023CO2 Tons per capita [+]
322024Annual crude oil production [+]
159.72021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart4,3992023Consumption GWh [+]
Generation GWh [+]20236,202chart4,7272023Generation GWh [+]
Others
COVID-19 - Deaths [+]09/28/20257,641chart67009/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]09/28/2025977,783chart46,86409/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart321,19205/01/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]09/28/20254,114.85chart64.4909/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart737,69505/01/2023Doses administered [+]
Latvia
Papua New Guinea