Country comparison Panama vs Latvia

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Gouvernement
GDP Growth (%) [+]20242.7%chart0%2024GDP Growth (%) [+]
5,760K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€79,963Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$86,524Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€17,732chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$19,187chart$23,2432024GDP per capita [+]
€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202445,883chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]202449,648chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202457.38%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,161chart€10,1252024Debt Per Capita [+]
Debt Per Capita [+]2024$10,995chart$10,9552024Debt Per Capita [+]
Deficit (M.€) [+]2024-5,929chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-6,416chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-7.42%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,508.3chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]202420,027.0chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20231,915.8chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20232,059.8chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202416.28%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20233,290.1chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20233,557.6chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202319.85%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20200chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20200chart1,423.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20200%chart7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202423.15%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€4,099chart€9,9192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$4,435chart$10,4182024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€430chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$465chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€738chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$798chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2020€0chart€7052024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2020$0chart$7572024Defence Expenditure P.C. [+]
Moody's Rating [+]11/29/2024Baa3A301/26/2024Moody's Rating [+]
S&P Rating [+]11/26/2024BBB-A05/31/2024S&P Rating [+]
Fitch Rating [+]02/03/2021BBB-A-04/10/2020Fitch Rating [+]
Corruption Index [+]202335chart602023Corruption Index [+]
Competitiveness Ranking [+]201966ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202447.7chart41.42024Fragile States Index [+]
RTI Raking [+]202456ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202482ºchart42º2024Innovation Ranking [+]
Labour
7.1%November 2025Unemployment Rate [+]
Unemployment rate [+]2017Q14.6%chart6.9%2025Q3Unemployment rate [+]
Unemployed [+]2017Q187Kchart66K2025Q3Unemployed [+]
NMW [+]2024$482.2chart$839.12025NMW [+]
NMW [+]2024€436.4chart€740.02025NMW [+]
$21,8382024Average Wage [+]
€20,1762024Average Wage [+]
Human Capital Ranking [+]201756ºchart28º2017Human Capital Ranking [+]
Markets
0.855301/12/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/08/20261.00%chart0.07%12/30/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]August 2025-0.4%chart3.8%November 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 [+]202086ºchart19º2020Doing Business [+]
6.9%November 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 201939,049chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 201911.12chart11.20December 2022Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2015170.40chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202213.1%chart35.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/20107.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202025.0%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20221,488,000chart478,0002021Annual arrivals [+]
Exports [+]2023€15,479.8Mchart€19,073.9M2024Exports [+]
Exports [+]2023$16,738.3Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]202319.98%chart47.26%2024Exports % GDP [+]
Imports [+]2023€31,706.8Mchart€21,917.7M2024Imports [+]
Imports [+]2023$34,284.5Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202340.92%chart54.31%2024Imports % GDP [+]
Trade balance [+]2023€-16,227.0Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2023$-19,382.1Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]2023-20.94%chart-7.05%2024Trade balance % GDP [+]
2.9%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201520ºchart35º2015Global AgeWatch Ranking [+]
Density [+]202460chart292024Density [+]
Global Peace Ranking [+]202496ºchart30º2024Global Peace Ranking [+]
2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]2017533.0chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]20207.32%chart12.65%2020% Immigrant [+]
% Emigrant [+]20203.26%chart20.07%2020% Emigrant [+]
Birth Rate [+]202316.03‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]2017451.2chart335.22017Remittance sent ($M) [+]
Crude death rate [+]20234.77‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20232.12chart1.362023Fertility Rate [+]
5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202321.7%chart21.6%2024% risk of poverty [+]
Population [+]20244,515,577chart1,856,9322024Population [+]
Immigrant stock [+]2020313,165chart239,4222020Immigrant stock [+]
Emigrant stock [+]2020139,520chart380,0102020Emigrant stock [+]
HDI [+]20220.820chart0.8792022HDI [+]
Gender Gap Ranking [+]202450ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202379.59chart76.702024Life expectancy [+]
Suicides [+]2015216chart2672023Suicides [+]
Suicide rate [+]20155.44chart14.202023Suicide rate [+]
Number of homicides [+]2023522chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]202311.71chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.29chart3.562023CO2 Tons per capita [+]
Consumption GWh [+]202311,777chart6,6642023Consumption GWh [+]
Generation GWh [+]202312,872chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/21/20258,827chart7,67412/21/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/21/20251,045,650chart977,78612/21/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]12/29/20233,178,700chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/21/20251,954.79chart4,132.6212/21/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/29/20239,201,276chart2,979,62412/23/2023Doses administered [+]
Panama
Latvia