Country comparison Latvia vs Philippines

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Gouvernement
GDP Growth (%) [+]20240%chart5.7%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€426,611M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$461,617M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€3,7702024GDP per capita [+]
GDP per capita [+]2024$23,243chart$4,0792024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart241,5792024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart261,4022024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart56.63%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€2,1352024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$2,3102024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-16,1352024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-17,4592024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-3.78%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart106,414.82024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart115,146.72024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart16,744.52024Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart18,118.52024Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart15.20%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart8,739.62023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart9,451.72023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart8.77%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart5,649.52024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart6,113.12024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart5.44%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart24.94%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€9402024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$1,0172024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€1482024Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$1602024Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€762023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$822023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€502024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$542024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Baa208/23/2024Moody's Rating [+]
S&P Rating [+]05/31/2024ABBB+11/25/2024S&P Rating [+]
Fitch Rating [+]04/10/2020A-BBB05/07/2020Fitch Rating [+]
Corruption Index [+]202360chart342023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart64º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart75.12024Fragile States Index [+]
RTI Raking [+]2024107ºchart135º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart53º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%
Unemployment rate [+]2025Q36.9%chart3.0%2023Q1Unemployment rate [+]
Unemployed [+]2025Q366Kchart4,418K2023Q1Unemployed [+]
NMW [+]2025$839.1chart$149.42024NMW [+]
NMW [+]2025€740.0chart€135.12024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart50º2017Human Capital Ranking [+]
Markets
69.178501/20/2026Euro / Philippine Pesos [+]
US Dollar exchange rate [+]01/20/20260.8527chart59.396001/20/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/20/20260.86%chart4.96%01/20/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart1.8%December 2025CPI (overall index) [+]
HICP [+]December 20253.4%
PPI Year on Year [+]November 20251.4%
Money Market
Key rates [+]06/11/20252.15%chart4.50%12/12/2025Key rates [+]
Business
Doing Business [+]202019ºchart95º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318chart282,507December 2023Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart3.74December 2023Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart39.542020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart18.4%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart12.00%01/01/2007Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart35.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart2,654,0002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€67,999.0M2023Exports [+]
Exports [+]2024$20,645.2Mchart$73,527.4M2023Exports [+]
Exports % GDP [+]202447.26%chart16.83%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€123,745.4M2023Imports [+]
Imports [+]2024$23,723.3Mchart$133,805.9M2023Imports [+]
Imports % GDP [+]202454.31%chart30.62%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-55,746.4M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-60,061.0M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-13.80%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart50º2015Global AgeWatch Ranking [+]
Density [+]202429chart3772024Density [+]
Global Peace Ranking [+]202430ºchart104º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart32,807.82017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart0.21%2020% Immigrant [+]
% Emigrant [+]202020.07%chart5.58%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart16.02‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart536.62017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart6.24‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart1.922023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart15.5%2023% risk of poverty [+]
Population [+]20241,856,932chart113,170,0002024Population [+]
Immigrant stock [+]2020239,422chart225,5252020Immigrant stock [+]
Emigrant stock [+]2020380,010chart6,094,3072020Emigrant stock [+]
HDI [+]20220.879chart0.7102022HDI [+]
Gender Gap Ranking [+]202430ºchart25º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart69.832023Life expectancy [+]
Suicides [+]2023267chart3,4002015Suicides [+]
Suicide rate [+]202314.20chart3.372015Suicide rate [+]
Number of homicides [+]202347chart4,9952023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart4.352023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart1.412023CO2 Tons per capita [+]
12024Annual crude oil production [+]
138.52021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart100,8242023Consumption GWh [+]
Generation GWh [+]20236,202chart111,5172023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/20257,679chart66,86412/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025977,788chart4,140,38312/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart78,443,97003/19/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20254,135.32chart590.8312/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart189,317,15003/19/2023Doses administered [+]
Latvia
Philippines