Country comparison Latvia vs Russia

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Gouvernement
GDP Growth (%) [+]20252.1%chart4.3%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q45,942Kchart2,557K2021Q3Qu. GDP Per Capita [+]
Annual GDP [+]2025€43,026Mchart€2,008,424M2024Annual GDP [+]
Annual GDP [+]2025$48,619Mchart$2,173,225M2024Annual GDP [+]
GDP per capita [+]2025€23,410chart€13,7442024GDP per capita [+]
GDP per capita [+]2025$26,131chart$14,8712024GDP per capita [+]
Quarterly GDP [+]2025Q4€11,055Mchart€377,702M2021Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart406,7172024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart440,0902024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart20.25%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€2,7832024Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$3,0122024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-32,2042024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-34,8472024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-1.60%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart740,521.42024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart801,284.92024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.9chart79,309.62023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart85,779.72023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart8.94%2020Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847.5chart93,723.12023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999.7chart102,210.52023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart13.67%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,324.4chart141,640.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart153,263.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart18.90%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart36.87%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€5,0672024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$5,4832024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€5422023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$5862023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€6442023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$7032023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€710chart€9692024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$1,0492024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Ca03/06/2022Moody's Rating [+]
S&P Rating [+]05/31/2024ACC03/17/2022S&P Rating [+]
Fitch Rating [+]04/10/2020A-C03/08/2022Fitch Rating [+]
Corruption Index [+]202360chart262023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart43º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart81.62024Fragile States Index [+]
RTI Raking [+]2024107ºchart44º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart59º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]January 20266.9%chart4.3%November 2021Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart2.9%2023Q4Unemployment rate [+]
Unemployed [+]2025Q366Kchart2,202K2023Q4Unemployed [+]
NMW [+]2026$916.5chart$220.72025NMW [+]
NMW [+]2026€780.0chart€211.52025NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart16º2017Human Capital Ranking [+]
Markets
91.839103/06/2026Euro / Russian Rubles [+]
US Dollar exchange rate [+]03/09/20260.8654chart79.150003/06/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]03/09/2026-2.66%chart3.16%03/06/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]January 20262.9%chart16.7%March 2022CPI (overall index) [+]
PPI Year on Year [+]January 20261.2%
Money Market
Key rates [+]06/11/20252.15%chart15.50%02/16/2026Key rates [+]
Business
Doing Business [+]202019ºchart31º2019Doing Business [+]
IPI Year on Year [+]January 202613.3%
Passengers vehicles Year [+]December 202433,318chart1,049,917December 2023Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart9.01December 2023Annual Vehicles/ 1,000 p. [+]
729,8642023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart361.392020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%
Standard VAT [+]07/01/201221.00%chart20.00%01/01/2019Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart13.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart24,591,9222019Annual arrivals [+]
Exports [+]2025€19,604.9Mchart€392,325.9M2023Exports [+]
Exports [+]2025$22,153.1Mchart$424,222.0M2023Exports [+]
Exports % GDP [+]202545.57%chart20.60%2023Exports % GDP [+]
Imports [+]2025€23,255.2Mchart€280,492.9M2023Imports [+]
Imports [+]2025$26,277.9Mchart$303,297.0M2023Imports [+]
Imports % GDP [+]202554.05%chart14.73%2023Imports % GDP [+]
Trade balance [+]2025€-3,650.3Mchart€111,833.0M2023Trade balance [+]
Trade balance [+]2025$-4,124.8Mchart$120,129.0M2023Trade balance [+]
Trade balance % GDP [+]2025-8.48%chart5.87%2023Trade balance % GDP [+]
Retail Sales YoY [+]January 20265.9%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart65º2015Global AgeWatch Ranking [+]
Density [+]202429chart92024Density [+]
Global Peace Ranking [+]202430ºchart156º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart4.00‰2018Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart8,026.32017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart7.88%2020% Immigrant [+]
% Emigrant [+]202020.07%chart7.28%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart8.60‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart16,503.12017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart12.10‰2023Crude death rate [+]
Fertility Rate [+]20241.24chart1.412023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart6.10‰2018Crude marriage rate [+]
% risk of poverty [+]202522.0%chart11.0%2021% risk of poverty [+]
Population [+]20241,860,565chart146,135,0002024Population [+]
Immigrant stock [+]2020239,422chart11,636,9112020Immigrant stock [+]
Emigrant stock [+]2020380,010chart10,756,6972020Emigrant stock [+]
HDI [+]20220.879chart0.8212022HDI [+]
Gender Gap Ranking [+]202430ºchart81º2021Gender Gap Ranking [+]
Life expectancy [+]202476.70chart73.252023Life expectancy [+]
Suicides [+]2023267chart17,1922019Suicides [+]
Suicide rate [+]202314.20chart11.602019Suicide rate [+]
Number of homicides [+]202347chart11,3272024Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart6.772021Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart14.452023CO2 Tons per capita [+]
9,8922024Annual crude oil production [+]
80,000.02021Crude Oil Reserves [+]
Consumption GWh [+]20246,623chart1,045,2062024Consumption GWh [+]
Generation GWh [+]20245,913chart1,160,2162024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/08/20267,710chart404,29002/08/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/08/2026977,795chart24,901,46702/08/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart79,702,39609/27/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/08/20264,143.90chart2,766.5502/08/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart187,374,51009/26/2023Doses administered [+]
Latvia
Russia