Country comparison Palau vs Latvia

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Gouvernement
GDP Growth (%) [+]20231.4%chart0%2024GDP Growth (%) [+]
5,760K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2023€254Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2023$275Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2023€14,445chart€21,6402024GDP per capita [+]
GDP per capita [+]2023$15,623chart$23,2432024GDP per capita [+]
€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]2023195chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]2023211chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202376.77%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2023€10,838chart€10,1252024Debt Per Capita [+]
Debt Per Capita [+]2023$11,722chart$10,9552024Debt Per Capita [+]
Deficit (M.€) [+]20233chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]20233chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]20231.02%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]2023126.7chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]2023137.0chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20239.0chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20239.7chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20239.77%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]202316.8chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]202318.2chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202313.26%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
1,314.92024Defence Expenditure (M.€) [+]
1,423.22024Defence Expenditure ($M) [+]
7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202349.84%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€7,037chart€9,9192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$7,611chart$10,4182024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€509chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$551chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€948chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$1,025chart$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 [+]2024140ºchart107º2024RTI Raking [+]
42º2024Innovation Ranking [+]
Labour
7.1%November 2025Unemployment Rate [+]
6.9%2025Q3Unemployment rate [+]
66K2025Q3Unemployed [+]
NMW [+]2024$883.0chart$839.12025NMW [+]
NMW [+]2024€799.1chart€740.02025NMW [+]
$21,8382024Average Wage [+]
€20,1762024Average Wage [+]
28º2017Human Capital Ranking [+]
Markets
0.860801/16/2026US Dollar exchange rate [+]
1.05%01/17/2026Stock ExchangeYTD % [+]
Prices
3.5%December 2025CPI (overall index) [+]
3.5%December 2025HICP [+]
1.4%November 2025PPI Year on Year [+]
Money Market
2.15%06/11/2025Key rates [+]
Business
Doing Business [+]2020145ºchart19º2020Doing Business [+]
6.9%November 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 [+]202018,400chart478,0002021Annual arrivals [+]
Exports [+]2023€1.7Mchart€19,073.9M2024Exports [+]
Exports [+]2023$1.9Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]20230.68%chart47.26%2024Exports % GDP [+]
Imports [+]2023€224.0Mchart€21,917.7M2024Imports [+]
Imports [+]2023$242.2Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202388.09%chart54.31%2024Imports % GDP [+]
Trade balance [+]2023€-222.2Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2023$-240.4Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]2023-87.41%chart-7.05%2024Trade balance % GDP [+]
2.9%November 2025Retail Sales YoY [+]
Socio-Demography
35º2015Global AgeWatch Ranking [+]
Density [+]202439chart292024Density [+]
30º2024Global Peace Ranking [+]
2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20172.4chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202028.27%chart12.65%2020% Immigrant [+]
% Emigrant [+]202014.76%chart20.07%2020% Emigrant [+]
Birth Rate [+]202310.90‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]201718.1chart335.22017Remittance sent ($M) [+]
Crude death rate [+]202311.50‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.91chart1.362023Fertility Rate [+]
5.60‰2023Crude marriage rate [+]
% risk of poverty [+]200624.9%chart21.6%2024% risk of poverty [+]
Population [+]202418,000chart1,856,9322024Population [+]
Immigrant stock [+]20205,088chart239,4222020Immigrant stock [+]
Emigrant stock [+]20202,656chart380,0102020Emigrant stock [+]
HDI [+]20220.797chart0.8792022HDI [+]
30º2024Gender Gap Ranking [+]
Life expectancy [+]202369.27chart76.702024Life expectancy [+]
2672023Suicides [+]
14.202023Suicide rate [+]
Number of homicides [+]20182chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]201811.23chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]202362.59chart3.562023CO2 Tons per capita [+]
6,6642023Consumption GWh [+]
6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/202510chart7,67412/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/20256,372chart977,78612/21/2025COVID-19 - Confirmed [+]
1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/2025555.56chart4,132.6212/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]11/04/202131,931chart2,979,62412/23/2023Doses administered [+]
Palau
  • Capital: Ngerulmud
  • Population: 18,000
  • Surface Area: 460 km2
  • Currency: United States dollars
  • Religion: Mostly Christianity
  • Belongs to: ACP, IMF, UN, PIF
Latvia