Country comparison Latvia vs Switzerland

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Gouvernement
GDP Growth (%) [+]20240%chart1.3%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760Kchart25,534K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€40,359Mchart€865,620M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$936,564M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€96,0102024GDP per capita [+]
GDP per capita [+]2024$23,243chart$104,6812024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696Mchart€231,056M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202418,802chart325,3122024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart352,0062024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart37.52%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€35,9502024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$38,9002024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart4,7452024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart5,4102024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart0.50%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart291,053.92024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart299,453.52024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart42,344.12023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart45,799.12023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart15.85%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart69,255,025,560.82024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart34,580.52023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart11.65%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9chart6,213.52024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20241,423.2chart6,722.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20247.49%chart2.27%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart33.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€32,1652024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$33,0932024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€4,7502023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$5,1982023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€7,7272024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$3,8982023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705chart€6892024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$757chart$7512024Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3Aaa02/14/2025Moody's Rating [+]
S&P Rating [+]05/31/2024AAAA10/01/1988S&P Rating [+]
Fitch Rating [+]04/10/2020A-AAA02/28/2020Fitch Rating [+]
Corruption Index [+]202360chart822023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart5º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart16.22024Fragile States Index [+]
RTI Raking [+]2024107ºchart87º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart1º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20257.1%chart5.0%September 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.9%chart5.1%2025Q3Unemployment rate [+]
Unemployed [+]2025Q366Kchart261K2025Q3Unemployed [+]
NMW [+]2025$839.1chart$5,011.62024NMW [+]
NMW [+]2025€740.0chart€4,548.82024NMW [+]
Average Wage [+]2024$21,838chart$112,9762024Average Wage [+]
Average Wage [+]2024€20,176chart€104,3782024Average Wage [+]
Human Capital Ranking [+]201728ºchart3º2017Human Capital Ranking [+]
Markets
0.927701/23/2026Euro / Swiss francs [+]
US Dollar exchange rate [+]01/22/20260.8543chart0.792901/22/2026US Dollar exchange rate [+]
0.29%01/23/202610-Year Bond Yield [+]
-26101/23/2026Risk Premium [+]
Stock ExchangeYTD % [+]01/23/20260.93%chart-1.15%01/23/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20253.5%chart0.1%December 2025CPI (overall index) [+]
HICP [+]December 20253.4%chart0.2%December 2025HICP [+]
PPI Year on Year [+]December 20250.3%chart-1.3%December 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart0%06/20/2025Key rates [+]
Business
Doing Business [+]202019ºchart36º2020Doing Business [+]
IPI Year on Year [+]November 20256.9%chart9.2%September 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 202433,318chart464,102December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart28.91December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart603.772021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart27.8%2024Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart7.70%01/01/2018Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart41.6%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart9,159,5002022Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€410,785.1M2024Exports [+]
Exports [+]2024$20,645.2Mchart$444,625.6M2024Exports [+]
Exports % GDP [+]202447.26%chart47.46%2024Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€337,781.2M2024Imports [+]
Imports [+]2024$23,723.3Mchart$365,607.6M2024Imports [+]
Imports % GDP [+]202454.31%chart39.02%2024Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€73,003.9M2024Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$79,018.0M2024Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart8.43%2024Trade balance % GDP [+]
Retail Sales YoY [+]November 20252.9%chart2.2%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart1º2015Global AgeWatch Ranking [+]
Density [+]202429chart2192024Density [+]
Global Peace Ranking [+]202430ºchart6º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰chart1.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20171,090.0chart2,488.12017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart28.73%2020% Immigrant [+]
% Emigrant [+]202020.07%chart8.23%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart8.70‰2024Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart9,197.22017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart8.00‰2024Crude death rate [+]
Fertility Rate [+]20231.36chart1.332023Fertility Rate [+]
Crude marriage rate [+]20235.60‰chart4.20‰2023Crude marriage rate [+]
% risk of poverty [+]202421.6%chart16.2%2024% risk of poverty [+]
Population [+]20241,856,932chart9,048,9052024Population [+]
Immigrant stock [+]2020239,422chart2,491,2492020Immigrant stock [+]
Emigrant stock [+]2020380,010chart713,6232020Emigrant stock [+]
HDI [+]20220.879chart0.9672022HDI [+]
Gender Gap Ranking [+]202430ºchart20º2024Gender Gap Ranking [+]
Life expectancy [+]202476.70chart84.502024Life expectancy [+]
Suicides [+]2023267chart1,0232023Suicides [+]
Suicide rate [+]202314.20chart11.202023Suicide rate [+]
Number of homicides [+]202347chart532023Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart0.602023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart3.872023CO2 Tons per capita [+]
Consumption GWh [+]20236,664chart57,1852023Consumption GWh [+]
Generation GWh [+]20236,202chart68,3892023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/20257,679chart14,17012/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025977,788chart4,489,31212/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart6,013,25405/01/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20254,135.32chart1,565.9412/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart16,940,71607/03/2023Doses administered [+]
Latvia
Switzerland