Country comparison Latvia vs Somalia

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Gouvernement
GDP Growth (%) [+]20240%chart4.1%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€11,056M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$11,967M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€5822024GDP per capita [+]
GDP per capita [+]2024$23,243chart$6302024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802
Debt ($M) [+]202420,343
Debt (%GDP) [+]202446.60%
Debt Per Capita [+]2024€10,125
Debt Per Capita [+]2024$10,955
Deficit (M.€) [+]2024-732chart52023Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart52023Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart0.05%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart677.72023Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart733.02023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart0.02023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart0.02023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart8.13%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart53.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart58.22023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart7.90%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart175.32024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart189.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart21.57%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart6.68%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€372023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$402023Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€02023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$02023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€32023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$32023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€92024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$102024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202360chart112023Corruption Index [+]
Competitiveness Ranking [+]201941º
Fragile States Index [+]202441.4chart111.32024Fragile States Index [+]
RTI Raking [+]2024107º
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]November 20257.1%
Unemployment rate [+]2025Q36.9%
Unemployed [+]2025Q366K
NMW [+]2025$839.1
NMW [+]2025€740.0
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]01/12/20260.8553
Stock ExchangeYTD % [+]12/30/20260.07%
Prices
CPI (overall index) [+]November 20253.8%
HICP [+]December 20253.5%
PPI Year on Year [+]November 20251.4%
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202019ºchart190º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%chart2.6%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000
Exports [+]2024€19,073.9Mchart€695.7M2023Exports [+]
Exports [+]2024$20,645.2Mchart$752.2M2023Exports [+]
Exports % GDP [+]202447.26%chart6.86%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€3,867.0M2023Imports [+]
Imports [+]2024$23,723.3Mchart$4,181.3M2023Imports [+]
Imports % GDP [+]202454.31%chart38.16%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-3,171.3M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-3,429.1M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-31.29%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart302024Density [+]
Global Peace Ranking [+]202430ºchart153º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0
% Immigrant [+]202012.65%chart0.35%2020% Immigrant [+]
% Emigrant [+]202020.07%chart12.22%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart42.96‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart0.92017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart9.84‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart6.132023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart55.4%2022% risk of poverty [+]
Population [+]20241,856,932chart19,009,1512024Population [+]
Immigrant stock [+]2020239,422chart58,5902020Immigrant stock [+]
Emigrant stock [+]2020380,010chart2,034,2212020Emigrant stock [+]
HDI [+]20220.879chart0.3802022HDI [+]
Gender Gap Ranking [+]202430º
Life expectancy [+]202476.70chart58.822023Life expectancy [+]
Suicides [+]2023267chart5782015Suicides [+]
Suicide rate [+]202314.20chart4.192015Suicide rate [+]
Number of homicides [+]202347
Rate Homicides per 100.000 [+]20232.50
Energy and Environment
CO2 Tons per capita [+]20233.56chart0.052023CO2 Tons per capita [+]
Consumption GWh [+]20236,664chart3972023Consumption GWh [+]
Generation GWh [+]20236,202chart4122023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/20257,674chart1,36112/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/2025977,786chart27,33412/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart7,666,83507/25/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20254,132.62chart71.6012/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart10,555,83407/25/2023Doses administered [+]
Latvia
Somalia