Country comparison Montenegro vs Latvia

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Gouvernement
GDP Growth (%) [+]20243.2%chart0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q33,333Kchart5,749K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€7,645Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$8,272Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€12,260chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$13,259chart$23,2432024GDP per capita [+]
Quarterly GDP [+]2025Q3€2,077Mchart€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]20244,645chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]20245,026chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202460.76%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€7,452chart€10,1052024Debt Per Capita [+]
Debt Per Capita [+]2024$8,063chart$10,9342024Debt Per Capita [+]
Deficit (M.€) [+]2024-215chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-233chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-2.81%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]20243,324.0chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]20243,596.6chart19,346.42024Expenditure ($M) [+]
1,558.72022Education Expenditure (M.€) [+]
1,642.12022Education Expenditure ($M) [+]
9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]2023466.2chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]2023504.1chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202316.60%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2024140.1chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2024151.6chart1,423.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20244.19%chart7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202443.48%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€5,333chart€9,9002024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$5,770chart$10,3982024Expenditure Per Capita [+]
€8262022Education Expenditure P.C [+]
$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€736chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$796chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€225chart€7052024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$243chart$7572024Defence Expenditure P.C. [+]
Moody's Rating [+]09/27/2024Ba3A301/26/2024Moody's Rating [+]
S&P Rating [+]08/30/2024B+A05/31/2024S&P Rating [+]
A-04/10/2020Fitch Rating [+]
Corruption Index [+]202346chart602023Corruption Index [+]
Competitiveness Ranking [+]201973ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202456.9chart41.42024Fragile States Index [+]
RTI Raking [+]202461ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202465ºchart42º2024Innovation Ranking [+]
Labour
7.0%December 2025Unemployment Rate [+]
Unemployment rate [+]2023Q412.2%chart6.9%2025Q3Unemployment rate [+]
Unemployed [+]2023Q439Kchart66K2025Q3Unemployed [+]
NMW [+]2026$787.3chart$916.52026NMW [+]
NMW [+]2026€670.0chart€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 [+]
Stock ExchangeYTD % [+]02/06/2026-0.83%chart-4.00%02/06/2026Stock ExchangeYTD % [+]
Prices
3.5%December 2025CPI (overall index) [+]
HICP [+]December 20253.7%chart3.4%December 2025HICP [+]
PPI Year on Year [+]December 20250.5%chart0.3%December 2025PPI Year on Year [+]
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202050ºchart19º2020Doing Business [+]
IPI Year on Year [+]November 2025-17.6%chart1.0%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) [+]
Standard VAT [+]01/01/201921.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]20209.0%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20222,036,000chart478,0002021Annual arrivals [+]
Exports [+]2024€614.9Mchart€19,073.9M2024Exports [+]
Exports [+]2024$665.6Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]20248.04%chart47.26%2024Exports % GDP [+]
Imports [+]2024€4,068.0Mchart€21,917.7M2024Imports [+]
Imports [+]2024$4,403.1Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202453.21%chart54.31%2024Imports % GDP [+]
Trade balance [+]2024€-3,453.1Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2024$-3,737.6Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]2024-45.17%chart-7.05%2024Trade balance % GDP [+]
Retail Sales YoY [+]November 2025-2.1%chart1.0%December 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201568ºchart35º2015Global AgeWatch Ranking [+]
Density [+]202445chart292024Density [+]
Global Peace Ranking [+]202435ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20211.20‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]2017426.3chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202011.44%chart12.65%2020% Immigrant [+]
% Emigrant [+]202021.42%chart20.07%2020% Emigrant [+]
Birth Rate [+]202411.20‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]201775.6chart335.22017Remittance sent ($M) [+]
Crude death rate [+]202410.20‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.76chart1.362023Fertility Rate [+]
Crude marriage rate [+]20215.20‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202220.3%chart22.0%2025% risk of poverty [+]
Population [+]2024623,327chart1,860,5652024Population [+]
Immigrant stock [+]202070,999chart239,4222020Immigrant stock [+]
Emigrant stock [+]2020132,965chart380,0102020Emigrant stock [+]
HDI [+]20220.844chart0.8792022HDI [+]
Gender Gap Ranking [+]202467ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202377.60chart76.702024Life expectancy [+]
Suicides [+]201569chart2672023Suicides [+]
Suicide rate [+]201511.07chart14.202023Suicide rate [+]
Number of homicides [+]20235chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20230.79chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
3.562023CO2 Tons per capita [+]
Consumption GWh [+]20232,719chart6,6642023Consumption GWh [+]
Generation GWh [+]20234,187chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/04/20262,654chart7,68201/04/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/04/2026251,280chart977,79001/04/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]08/26/2022284,869chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/04/20264,257.80chart4,136.9301/04/2026COVID-19 - Deaths per million population [+]
Doses administered [+]08/26/2022679,171chart2,979,62412/23/2023Doses administered [+]
Montenegro
Latvia