Country comparison Latvia vs South Africa

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Gouvernement
GDP Growth (%) [+]20240%chart0.5%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760Kchart1,485K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€370,661M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$401,145M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€5,8822024GDP per capita [+]
GDP per capita [+]2024$23,243chart$6,3652024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€93,580M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart282,3972024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart305,5692024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart76.36%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€4,4812024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$4,8492024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-22,3892024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-24,2262024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-6.05%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart122,762.32024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart132,835.52024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart22,317.92024Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart22,922.32024Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart19.14%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart19,322.72023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart20,898.72023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart16.89%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart2,595.22024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart2,808.62024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart2.11%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart33.19%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€1,9482024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$2,1082024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€3542024Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$3832024Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€3062023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$3312023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€412024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$452024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Ba212/03/2024Moody's Rating [+]
S&P Rating [+]05/31/2024ABB11/14/2025S&P Rating [+]
Fitch Rating [+]04/10/2020A-BB-11/20/2020Fitch Rating [+]
Corruption Index [+]202360chart412023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart60º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart69.62024Fragile States Index [+]
RTI Raking [+]2024107ºchart16º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart69º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%chart32.7%December 2022Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart31.5%2024Q4Unemployment rate [+]
Unemployed [+]2025Q366Kchart7,996K2024Q4Unemployed [+]
NMW [+]2025$839.1chart$261.62024NMW [+]
NMW [+]2025€740.0chart€234.82024NMW [+]
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart87º2017Human Capital Ranking [+]
Markets
19.030901/15/2026Euro / South African rands [+]
US Dollar exchange rate [+]01/15/20260.8603chart16.481201/09/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/15/20261.19%chart4.89%01/15/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart7.3%February 2023CPI (overall index) [+]
HICP [+]December 20253.5%
PPI Year on Year [+]November 20251.4%
Money Market
Key rates [+]06/11/20252.15%chart6.75%12/30/2025Key rates [+]
Business
Doing Business [+]202019ºchart84º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%
Passengers vehicles Year [+]December 202433,318chart347,388December 2023Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart8.55December 2023Annual Vehicles/ 1,000 p. [+]
633,3372023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart172.302020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart27.1%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart15.00%01/01/2019Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart45.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart5,698,0002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€102,520.4M2023Exports [+]
Exports [+]2024$20,645.2Mchart$110,855.3M2023Exports [+]
Exports % GDP [+]202447.26%chart29.08%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€120,916.5M2023Imports [+]
Imports [+]2024$23,723.3Mchart$130,747.0M2023Imports [+]
Imports % GDP [+]202454.31%chart34.30%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-18,396.1M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-19,891.7M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-5.22%2023Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart78º2015Global AgeWatch Ranking [+]
Density [+]202429chart522024Density [+]
Global Peace Ranking [+]202430ºchart127º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart898.12017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart4.77%2020% Immigrant [+]
% Emigrant [+]202020.07%chart1.52%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart18.78‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart2,588.72017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart9.24‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart2.222023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart55.5%2014% risk of poverty [+]
Population [+]20241,856,932chart63,016,0002024Population [+]
Immigrant stock [+]2020239,422chart2,860,4952020Immigrant stock [+]
Emigrant stock [+]2020380,010chart914,9012020Emigrant stock [+]
HDI [+]20220.879chart0.7172022HDI [+]
Gender Gap Ranking [+]202430ºchart18º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart66.142023Life expectancy [+]
Suicides [+]2023267chart2102020Suicides [+]
Suicide rate [+]202314.20chart0.302020Suicide rate [+]
Number of homicides [+]202347chart27,2722022Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart43.722022Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart6.562023CO2 Tons per capita [+]
12024Annual crude oil production [+]
15.02021Crude Oil Reserves [+]
Consumption GWh [+]20236,664chart194,9782023Consumption GWh [+]
Generation GWh [+]20236,202chart219,6082023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/20257,674chart102,59512/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/2025977,786chart4,073,15112/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart21,038,79609/24/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20254,132.62chart1,628.0812/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart41,798,81209/24/2023Doses administered [+]
Latvia
South Africa