Country comparison Latvia vs South Korea

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Gouvernement
GDP Growth (%) [+]20240%chart2.0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q25,657Kchart8,046K2025Q2Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€1,733,173M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$1,869,714M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€33,4912024GDP per capita [+]
GDP per capita [+]2024$23,243chart$36,2392024GDP per capita [+]
Quarterly GDP [+]2025Q2€10,504Mchart€416,387M2025Q2Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart863,3802024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart934,2252024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart49.82%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€16,6832024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$18,0522024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-13,5742024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-14,6882024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-0.78%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart390,542.82024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart422,588.72024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart99,274.82022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart97,329.32022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart14.31%2021Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart67,778,041,283.72024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart104,768.62023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202212.06%chart16.76%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023897.1chart47,963.82023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023970.0chart48,173.72023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart11.10%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart22.53%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€7,5472024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$8,1662024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€1,9212022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$1,8842022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€1,6742024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$2,0252023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€477chart€9282023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$513chart$9322023Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aa205/09/2024Moody's Rating [+]
S&P Rating [+]05/31/2024AAA08/07/2016S&P Rating [+]
Fitch Rating [+]04/10/2020A-AA-02/11/2020Fitch Rating [+]
Corruption Index [+]202360chart632023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart13º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart29.82024Fragile States Index [+]
RTI Raking [+]2024107ºchart45º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart6º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]September 20256.4%
Unemployment rate [+]2025Q26.7%chart2.8%2024Q4Unemployment rate [+]
Unemployed [+]2025Q264Kchart814K2024Q4Unemployed [+]
NMW [+]2025$839.1chart$1,596.32024NMW [+]
NMW [+]2025€740.0chart€1,437.42024NMW [+]
Average Wage [+]2024$21,838chart$37,2292015Average Wage [+]
Average Wage [+]2024€20,176chart€32,2082024Average Wage [+]
Human Capital Ranking [+]201728ºchart27º2017Human Capital Ranking [+]
Markets
1,682.570011/10/2025Euro / South Korean won [+]
US Dollar exchange rate [+]11/10/20250.8642chart1,454.000011/10/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]11/10/20255.49%chart69.75%11/10/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]October 20254.2%chart3.1%March 2024CPI (overall index) [+]
HICP [+]October 20254.2%
PPI Year on Year [+]September 2025-0.4%
Money Market
Key rates [+]06/11/20252.15%chart2.50%05/29/2025Key rates [+]
Business
Doing Business [+]202019ºchart5º2020Doing Business [+]
IPI Year on Year [+]September 20256.5%
Passengers vehicles Year [+]December 202433,318chart1,489,363December 2023Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart33.84December 2023Annual Vehicles/ 1,000 p. [+]
4,243,5972023Motor vehicle production [+]
Vehicles / 1,000 people [+]2021457.35chart457.802020Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart28.9%2023Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart10.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart51.9%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart17,502,7562019Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€584,690.5M2023Exports [+]
Exports [+]2024$20,645.2Mchart$632,225.8M2023Exports [+]
Exports % GDP [+]202447.26%chart34.28%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€594,258.9M2023Imports [+]
Imports [+]2024$23,723.3Mchart$642,572.1M2023Imports [+]
Imports % GDP [+]202454.31%chart34.84%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-9,568.4M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-10,346.3M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-0.56%2023Trade balance % GDP [+]
Retail Sales YoY [+]September 20252.6%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart60º2015Global AgeWatch Ranking [+]
Density [+]202429chart5152024Density [+]
Global Peace Ranking [+]202430ºchart46º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.80‰2024Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart6,331.82017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart3.33%2020% Immigrant [+]
% Emigrant [+]202020.07%chart4.25%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart4.70‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart5,989.12017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart7.00‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart0.752024Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart4.40‰2024Crude marriage rate [+]
% risk of poverty [+]202421.6%
Population [+]20241,856,932chart51,751,0002024Population [+]
Immigrant stock [+]2020239,422chart1,728,1822020Immigrant stock [+]
Emigrant stock [+]2020380,010chart2,204,5542020Emigrant stock [+]
HDI [+]20220.879chart0.9292022HDI [+]
Gender Gap Ranking [+]202430ºchart94º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart83.502023Life expectancy [+]
Suicides [+]2023267chart12,9062022Suicides [+]
Suicide rate [+]202314.20chart25.002022Suicide rate [+]
Number of homicides [+]202347chart2472023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.482023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart11.042023CO2 Tons per capita [+]
Consumption GWh [+]20236,664chart564,1832023Consumption GWh [+]
Generation GWh [+]20236,202chart583,8712023Generation GWh [+]
Others
COVID-19 - Deaths [+]09/28/20257,641chart35,93409/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]09/28/2025977,783chart34,571,87309/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart44,372,67905/26/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]09/28/20254,114.85chart694.3609/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart129,647,78412/12/2022Doses administered [+]
Latvia
South Korea