Country comparison Norway vs Latvia

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Gouvernement
GDP Growth (%) [+]20242.1%chart0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q320,873Kchart5,749K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€446,866Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$483,593Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€80,200chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$86,587chart$23,2432024GDP per capita [+]
Quarterly GDP [+]2025Q3€116,770Mchart€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]2023197,049chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]2023213,124chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202344.13%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2023€35,503chart€10,1052024Debt Per Capita [+]
Debt Per Capita [+]2023$38,399chart$10,9342024Debt Per Capita [+]
Deficit (M.€) [+]202458,964chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]202463,822chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]202413.20%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]2024221,049.9chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]2024239,260.0chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]202230,960.3chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]202232,392.9chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202214.47%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]202437,248,508,861.0chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]202339,211.5chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202317.37%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20249,345.0chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]202410,113.1chart1,423.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20244.53%chart7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202449.50%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€39,513chart€9,9002024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$42,768chart$10,3982024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€5,674chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$5,942chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€6,711chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$7,144chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€1,677chart€7052024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$1,811chart$7572024Defence Expenditure P.C. [+]
Moody's Rating [+]06/07/2024AaaA301/26/2024Moody's Rating [+]
S&P Rating [+]07/09/1975AAAA05/31/2024S&P Rating [+]
Fitch Rating [+]02/28/2020AAAA-04/10/2020Fitch Rating [+]
Corruption Index [+]202384chart602023Corruption Index [+]
Competitiveness Ranking [+]201917ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202412.7chart41.42024Fragile States Index [+]
RTI Raking [+]202486ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202421ºchart42º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]December 20254.3%chart7.0%December 2025Unemployment Rate [+]
Unemployment rate [+]2025Q34.6%chart6.9%2025Q3Unemployment rate [+]
Unemployed [+]2025Q3141Kchart66K2025Q3Unemployed [+]
$916.52026NMW [+]
€780.02026NMW [+]
Average Wage [+]2024$71,085chart$21,8382024Average Wage [+]
Average Wage [+]2024€65,675chart€20,1762024Average Wage [+]
Human Capital Ranking [+]20171ºchart28º2017Human Capital Ranking [+]
Markets
Euro / Norwegian krones [+]02/13/202611.3260
US Dollar exchange rate [+]02/12/20269.4774chart0.843002/13/2026US Dollar exchange rate [+]
10-Year Bond Yield [+]02/13/20264.27%
Risk Premium [+]02/13/2026152
Stock ExchangeYTD % [+]02/13/20269.39%chart-2.07%02/13/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]December 20234.8%chart3.5%December 2025CPI (overall index) [+]
HICP [+]December 20253.0%chart3.4%December 2025HICP [+]
PPI Year on Year [+]January 20264.6%chart0.3%December 2025PPI Year on Year [+]
Money Market
Key rates [+]09/19/20254.00%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]20209ºchart19º2020Doing Business [+]
IPI Year on Year [+]December 20252.3%chart1.0%December 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 2024252,252chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202238.26chart11.20December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021634.33chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202440.6%chart35.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/200625.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202247.4%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20224,979,400chart478,0002021Annual arrivals [+]
Exports [+]2025€151,645.8Mchart€19,604.9M2025Exports [+]
Exports [+]2025$171,356.7Mchart$22,153.1M2025Exports [+]
Exports % GDP [+]202434.56%chart47.26%2024Exports % GDP [+]
Imports [+]2025€93,455.9Mchart€23,255.2M2025Imports [+]
Imports [+]2025$105,603.3Mchart$26,277.9M2025Imports [+]
Imports % GDP [+]202420.37%chart54.31%2024Imports % GDP [+]
Trade balance [+]2025€58,189.9Mchart€-3,650.3M2025Trade balance [+]
Trade balance [+]2025$65,753.4Mchart$-4,124.8M2025Trade balance [+]
Trade balance % GDP [+]202414.19%chart-7.05%2024Trade balance % GDP [+]
Retail Sales YoY [+]December 20253.3%chart1.0%December 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]20152ºchart35º2015Global AgeWatch Ranking [+]
Density [+]20249chart292024Density [+]
Global Peace Ranking [+]202428ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20201.80‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]2017614.1chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202015.81%chart12.65%2020% Immigrant [+]
% Emigrant [+]20203.55%chart20.07%2020% Emigrant [+]
Birth Rate [+]20249.70‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]20172,237.9chart335.22017Remittance sent ($M) [+]
Crude death rate [+]20247.90‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.40chart1.362023Fertility Rate [+]
Crude marriage rate [+]20203.30‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202411.6%chart22.0%2025% risk of poverty [+]
Population [+]20245,594,340chart1,860,5652024Population [+]
Immigrant stock [+]2020852,238chart239,4222020Immigrant stock [+]
Emigrant stock [+]2020191,392chart380,0102020Emigrant stock [+]
HDI [+]20220.966chart0.8792022HDI [+]
Gender Gap Ranking [+]20243ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202483.30chart76.702024Life expectancy [+]
Suicides [+]2023728chart2672023Suicides [+]
Suicide rate [+]202313.12chart14.202023Suicide rate [+]
Number of homicides [+]202340chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20230.72chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20237.86chart3.562023CO2 Tons per capita [+]
Annual crude oil production [+]20241,791
Crude Oil Reserves [+]20218,122.2
Consumption GWh [+]2023127,324chart6,6642023Consumption GWh [+]
Generation GWh [+]2023152,095chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/20265,732chart7,69101/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/20261,549,525chart977,79301/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]12/23/20234,061,312chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20261,024.61chart4,133.6901/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/202313,020,641chart2,979,62412/23/2023Doses administered [+]
Norway
Latvia