Country comparison Latvia vs Romania

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Gouvernement
GDP Growth (%) [+]20240%chart0.9%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,749Kchart5,042K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€353,633M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$382,566M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€18,5602024GDP per capita [+]
GDP per capita [+]2024$23,243chart$20,2102024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€96,009M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart193,9592024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart219,9002024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart54.80%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€10,1852024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$11,5472024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-33,0602024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-33,2182024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-9.30%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart154,017.52024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart152,873.82024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart9,206.22022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart9,716.92022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart8.78%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart14,118,906,341.62023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart15,192.82023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart10.66%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart8,127.02024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart8,792.02024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart5.85%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart43.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€8,0882024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$8,0282024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€4832022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$5112022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€7412023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$7972023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€4272024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$4642024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Baa309/12/2025Moody's Rating [+]
S&P Rating [+]05/31/2024ABBB-01/24/2025S&P Rating [+]
Fitch Rating [+]04/10/2020A-BBB-05/01/2020Fitch Rating [+]
Corruption Index [+]202360chart462023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart51º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart51.02024Fragile States Index [+]
RTI Raking [+]2024107ºchart72º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart48º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]December 20257.0%chart6.0%December 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart6.0%2025Q3Unemployment rate [+]
Unemployed [+]2025Q366Kchart491K2025Q3Unemployed [+]
NMW [+]2026$916.5chart$932.82026NMW [+]
NMW [+]2026€780.0chart€795.02026NMW [+]
Average Wage [+]2024$21,838chart$21,7102024Average Wage [+]
Average Wage [+]2024€20,176chart€20,0582024Average Wage [+]
Human Capital Ranking [+]201728ºchart42º2017Human Capital Ranking [+]
Markets
5.092302/06/2026Euro / Romanian new lei [+]
US Dollar exchange rate [+]02/06/20260.8479chart4.319002/06/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]02/06/2026-4.00%chart12.37%02/06/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart9.7%December 2025CPI (overall index) [+]
HICP [+]December 20253.4%chart8.6%December 2025HICP [+]
PPI Year on Year [+]December 20250.3%chart6.6%December 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart6.50%08/08/2024Key rates [+]
Business
Doing Business [+]202019ºchart55º2020Doing Business [+]
IPI Year on Year [+]December 20251.0%chart-0.8%November 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 202433,318chart289,477December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart7.91December 2022Annual Vehicles/ 1,000 p. [+]
513,0502023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart464.932021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart28.7%2024Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart20.00%01/01/2016Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart10.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart2,683,7482019Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€92,674.0M2024Exports [+]
Exports [+]2024$20,645.2Mchart$100,308.5M2024Exports [+]
Exports % GDP [+]202447.26%chart26.21%2024Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€126,131.0M2024Imports [+]
Imports [+]2024$23,723.3Mchart$136,521.7M2024Imports [+]
Imports % GDP [+]202454.31%chart35.67%2024Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-33,457.0M2024Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-36,213.2M2024Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-9.46%2024Trade balance % GDP [+]
Retail Sales YoY [+]December 20251.0%chart-2.1%December 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart45º2015Global AgeWatch Ranking [+]
Density [+]202429chart802024Density [+]
Global Peace Ranking [+]202430ºchart36º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.20‰2023Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart4,943.62017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart3.67%2020% Immigrant [+]
% Emigrant [+]202020.07%chart20.76%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart7.50‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart590.72017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart12.80‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart1.392024Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart5.80‰2023Crude marriage rate [+]
% risk of poverty [+]202522.0%chart19.0%2024% risk of poverty [+]
Population [+]20241,860,565chart19,043,1512024Population [+]
Immigrant stock [+]2020239,422chart705,3102020Immigrant stock [+]
Emigrant stock [+]2020380,010chart3,987,0932020Emigrant stock [+]
HDI [+]20220.879chart0.8272022HDI [+]
Gender Gap Ranking [+]202430ºchart68º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart76.602024Life expectancy [+]
Suicides [+]2023267chart1,5882023Suicides [+]
Suicide rate [+]202314.20chart8.332023Suicide rate [+]
Number of homicides [+]202347chart2132024Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart1.112023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart3.702023CO2 Tons per capita [+]
552024Annual crude oil production [+]
600.02021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart44,6002023Consumption GWh [+]
Generation GWh [+]20236,202chart53,4352023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/04/20267,682chart69,09001/04/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/04/2026977,790chart3,603,46001/04/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart8,114,76906/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/04/20264,136.93chart3,629.4301/04/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart16,827,48606/11/2022Doses administered [+]
Latvia
Romania