Rate

10.50%

-0.25

Rate

4.75%

-0.50

CPI

2.2%

0

Rate

3.65%

-0.60

CPI

1.1%

-0.3

Unemployment

3.4%

0

Unemployment

7.0%

-0.6

Unemployment

11.3%

-1.0

  1. Countries data: Demographic and economy

Country comparison Latvia vs Romania

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Emigrants Remittance received Latvia vs Romania comparison
 
Gouvernement
Qu. GDP Per Capita [+]2024Q25,554Kchart4,542K2024Q2Qu. GDP Per Capita [+]
Annual GDP [+]2023€40,348Mchart€324,578M2023Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$351,003M2023Annual GDP [+]
GDP per capita [+]2023€21,440chart€17,0302023GDP per capita [+]
GDP per capita [+]2023$23,307chart$18,4112023GDP per capita [+]
Quarterly GDP [+]2024Q2€10,397Mchart€86,588M2024Q2Quarterly GDP [+]
Debt (M.€.) [+]202317,581chart157,4752023Debt (M.€.) [+]
Debt ($M) [+]202319,011chart170,2782023Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart48.80%2023Debt (%GDP) [+]
Debt Per Capita [+]2023€9,392chart€8,2602023Debt Per Capita [+]
Debt Per Capita [+]2023$10,156chart$8,9322023Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart-21,5432023Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart-23,2952023Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart-6.60%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart130,469.42023Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart141,076.62023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart7,859.72021Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart9,297.62021Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart8.14%2021Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20221,899,066,000.0chart12,707,962,809.02022Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20221,999,716,498.0chart13,988.02021Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202114.19%chart12.32%2021Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2022786.9chart4,917.82022Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2022828.6chart5,172.52022Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20225.16%chart4.97%2022Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202341.00%chart40.20%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,828chart€6,8442023Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,546chart$7,4002023Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€4112021Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$4812021Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,010chart€6692022Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$1,064chart$7282021Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2022€417chart€2582022Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2022$450chart$2742022Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Baa311/03/2023Moody's Rating [+]
S&P Rating [+]05/31/2024ABBB-04/16/2021S&P Rating [+]
Fitch Rating [+]04/10/2020A-BBB-05/01/2020Fitch Rating [+]
Corruption Index [+]202259chart462022Corruption Index [+]
Competitiveness Ranking [+]201941ºchart51º2019Competitiveness Ranking [+]
Fragile States Index [+]201844.9chart49.42018Fragile States Index [+]
RTI Raking [+]2022106ºchart67º2022RTI Raking [+]
Innovation Ranking [+]201834ºchart49º2018Innovation Ranking [+]
Labour
Unemployment Rate [+]July 20246.9%chart5.4%July 2024Unemployment Rate [+]
Unemployment rate [+]2024Q26.9%chart5.0%2024Q2Unemployment rate [+]
Unemployed [+]2024Q266Kchart421K2024Q2Unemployed [+]
NMW [+]2024$759.6chart$806.12024NMW [+]
NMW [+]2024€700.0chart€743.52024NMW [+]
Average Wage [+]2023$20,067chart$19,0332023Average Wage [+]
Average Wage [+]2023€18,559chart€17,6022023Average Wage [+]
Human Capital Ranking [+]201728ºchart42º2017Human Capital Ranking [+]
Markets
4.976009/27/2024Euro / Romanian new lei [+]
US Dollar exchange rate [+]09/27/20240.8962chart4.461209/27/2024US Dollar exchange rate [+]
Stock ExchangeYTD % [+]09/27/2024-24.21%chart50.75%09/26/2024Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]August 20240.8%chart5.1%August 2024CPI (overall index) [+]
HICP [+]August 20240.9%chart5.3%August 2024HICP [+]
PPI Year on Year [+]May 2024-6.7%chart-5.7%April 2024PPI Year on Year [+]
Money Market
Key rates [+]09/18/20243.65%chart6.50%08/08/2024Key rates [+]
Business
Doing Business [+]202019ºchart55º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%chart3.8%April 2024IPI Year on Year [+]
Passengers vehicles Year [+]December 202216,739chart129,328December 2022Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart7.91December 2022Annual Vehicles/ 1,000 p. [+]
509,4652022Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart464.932021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202230.5%chart27.5%2022Tax 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 [+]20191,934,800chart2,683,7482019Annual arrivals [+]
Exports [+]2023€20,954.5Mchart€93,074.7M2023Exports [+]
Exports [+]2023$22,446.0Mchart$100,611.8M2023Exports [+]
Exports % GDP [+]202351.93%chart28.68%2023Exports % GDP [+]
Imports [+]2023€25,317.9Mchart€122,016.0M2023Imports [+]
Imports [+]2023$27,114.4Mchart$131,912.4M2023Imports [+]
Imports % GDP [+]202362.75%chart37.59%2023Imports % GDP [+]
Trade balance [+]2023€-4,363.4Mchart€-28,941.3M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$-31,300.6M2023Trade balance [+]
Trade balance % GDP [+]2023-10.81%chart-8.92%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%chart3.0%December 2023Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart45º2015Global AgeWatch Ranking [+]
Density [+]202329chart802023Density [+]
Global Peace Ranking [+]202327ºchart31º2023Global Peace Ranking [+]
Crude divorce rate [+]20222.90‰chart1.20‰2022Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart4,943.62017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart3.67%2020% Immigrant [+]
% Emigrant [+]202020.07%chart20.76%2020% Emigrant [+]
Birth Rate [+]20237.70‰chart8.00‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart590.72017Remittance sent ($M) [+]
Crude death rate [+]202314.90‰chart12.70‰2023Crude death rate [+]
Fertility Rate [+]20221.47chart1.712022Fertility Rate [+]
Crude marriage rate [+]20226.30‰chart6.20‰2022Crude marriage rate [+]
% risk of poverty [+]202322.5%chart21.1%2023% risk of poverty [+]
Population [+]20231,871,882chart19,064,4092023Population [+]
Immigrant stock [+]2020239,422chart705,3102020Immigrant stock [+]
Emigrant stock [+]2020380,010chart3,987,0932020Emigrant stock [+]
HDI [+]20210.863chart0.8212021HDI [+]
Gender Gap Ranking [+]202313ºchart88º2023Gender Gap Ranking [+]
Life expectancy [+]202375.90chart76.602023Life expectancy [+]
Suicides [+]2021254chart1,7832021Suicides [+]
Suicide rate [+]202113.64chart9.402021Suicide rate [+]
Number of homicides [+]202267chart2472022Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart1.262022Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61chart4.032022CO2 Tons per capita [+]
592023Annual crude oil production [+]
600.02021Crude Oil Reserves [+]
Consumption GWh [+]20225,982chart49,8052022Consumption GWh [+]
Generation GWh [+]20224,045chart54,7862022Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/20247,475chart68,82508/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/2024977,765chart3,541,61908/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart8,114,76906/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20243,993.31chart3,610.1308/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart16,827,48606/11/2022Doses administered [+]
Latvia
Romania