Country comparison Monaco vs Latvia

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Gouvernement
GDP Growth (%) [+]20248.5%chart0%2024GDP Growth (%) [+]
5,749K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€10,279Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$11,126Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€267,522chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$289,561chart$23,2432024GDP per capita [+]
€10,696M2025Q3Quarterly GDP [+]
18,8022024Debt (M.€.) [+]
20,3432024Debt ($M) [+]
46.60%2024Debt (%GDP) [+]
€10,1052024Debt Per Capita [+]
$10,9342024Debt Per Capita [+]
-7322024Deficit (M.€) [+]
-7932024Deficit ($M) [+]
-1.80%2024Deficit (%GDP) [+]
18,418.92024Expenditure (M.€) [+]
19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]2023160.3chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]2023173.1chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20237.73%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023247.0chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2023267.1chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202311.93%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
1,314.92024Defence Expenditure (M.€) [+]
1,423.22024Defence Expenditure ($M) [+]
7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202322.40%chart45.60%2024Expenditure (%GDP) [+]
€9,9002024Expenditure Per Capita [+]
$10,3982024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€4,177chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$4,517chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€6,340chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$6,856chart$1,0682024Gov. Health Exp. P.C. [+]
€7052024Defence Expenditure P.C. [+]
$7572024Defence Expenditure P.C. [+]
A301/26/2024Moody's Rating [+]
A05/31/2024S&P Rating [+]
A-04/10/2020Fitch Rating [+]
602023Corruption Index [+]
41º2019Competitiveness Ranking [+]
41.42024Fragile States Index [+]
RTI Raking [+]2024136ºchart107º2024RTI Raking [+]
42º2024Innovation Ranking [+]
Labour
7.0%December 2025Unemployment Rate [+]
6.9%2025Q3Unemployment rate [+]
66K2025Q3Unemployed [+]
NMW [+]2014$12.7chart$916.52026NMW [+]
NMW [+]2014€1,650.6chart€780.02026NMW [+]
$21,8382024Average Wage [+]
€20,1762024Average Wage [+]
28º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]02/06/20260.8479chart0.847902/06/2026US Dollar exchange rate [+]
-4.00%02/06/2026Stock ExchangeYTD % [+]
Prices
3.5%December 2025CPI (overall index) [+]
3.4%December 2025HICP [+]
0.3%December 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
19º2020Doing Business [+]
1.0%December 2025IPI Year on Year [+]
33,318December 2024Passengers vehicles Year [+]
11.20December 2022Annual Vehicles/ 1,000 p. [+]
457.352021Vehicles / 1,000 people [+]
Taxes
35.4%2024Tax Revenue (%GDP) [+]
21.00%07/01/2012Standard VAT [+]
31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]2022327,000chart478,0002021Annual arrivals [+]
€19,073.9M2024Exports [+]
$20,645.2M2024Exports [+]
47.26%2024Exports % GDP [+]
€21,917.7M2024Imports [+]
$23,723.3M2024Imports [+]
54.31%2024Imports % GDP [+]
€-2,843.7M2024Trade balance [+]
$-3,078.1M2024Trade balance [+]
-7.05%2024Trade balance % GDP [+]
1.0%December 2025Retail Sales YoY [+]
Socio-Demography
35º2015Global AgeWatch Ranking [+]
Density [+]2024513chart292024Density [+]
30º2024Global Peace Ranking [+]
Crude divorce rate [+]20042.50‰chart2.80‰2023Crude divorce rate [+]
1,090.02017Remittance received ($M) [+]
% Immigrant [+]202069.91%chart12.65%2020% Immigrant [+]
% Emigrant [+]202085.55%chart20.07%2020% Emigrant [+]
Birth Rate [+]20245.30‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]2017181.3chart335.22017Remittance sent ($M) [+]
Crude death rate [+]20246.70‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20232.11chart1.362023Fertility Rate [+]
Crude marriage rate [+]20235.06‰chart5.60‰2023Crude marriage rate [+]
22.0%2025% risk of poverty [+]
Population [+]202438,423chart1,860,5652024Population [+]
Immigrant stock [+]202026,601chart239,4222020Immigrant stock [+]
Emigrant stock [+]202032,552chart380,0102020Emigrant stock [+]
0.8792022HDI [+]
30º2024Gender Gap Ranking [+]
Life expectancy [+]202386.37chart76.702024Life expectancy [+]
2672023Suicides [+]
14.202023Suicide rate [+]
Number of homicides [+]20150chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20150chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
3.562023CO2 Tons per capita [+]
6,6642023Consumption GWh [+]
6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/202667chart7,69101/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/202617,181chart977,79301/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]12/21/202125,667chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20261,743.75chart4,133.6901/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/202371,929chart2,979,62412/23/2023Doses administered [+]
Monaco
Latvia