Country comparison Romania vs Latvia

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Gouvernement
GDP Growth (%) [+]20240.9%chart0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,016Kchart5,760K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€353,633Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$382,566Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€18,560chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$20,210chart$23,2432024GDP per capita [+]
Quarterly GDP [+]2025Q3€95,476Mchart€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]2024193,959chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]2024219,900chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202454.80%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,189chart€10,1252024Debt Per Capita [+]
Debt Per Capita [+]2024$11,552chart$10,9552024Debt Per Capita [+]
Deficit (M.€) [+]2024-33,060chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-33,218chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-9.30%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]2024154,017.5chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]2024152,873.8chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20229,206.2chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20229,716.9chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20228.78%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]202314,118,906,341.6chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]202315,192.8chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202310.66%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20235,189.9chart897.12023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20235,612.5chart970.02023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20234.37%chart5.63%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202443.60%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€8,091chart€9,9192024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$8,031chart$10,4182024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€483chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$511chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€741chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$797chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€272chart€4772023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$297chart$5132023Defence Expenditure P.C. [+]
Moody's Rating [+]09/12/2025Baa3A301/26/2024Moody's Rating [+]
S&P Rating [+]01/24/2025BBB-A05/31/2024S&P Rating [+]
Fitch Rating [+]05/01/2020BBB-A-04/10/2020Fitch Rating [+]
Corruption Index [+]202346chart602023Corruption Index [+]
Competitiveness Ranking [+]201951ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202451.0chart41.42024Fragile States Index [+]
RTI Raking [+]202472ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202448ºchart42º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]October 20255.9%chart7.1%October 2025Unemployment Rate [+]
Unemployment rate [+]2025Q36.0%chart6.9%2025Q3Unemployment rate [+]
Unemployed [+]2025Q3491Kchart66K2025Q3Unemployed [+]
NMW [+]2025$906.1chart$839.12025NMW [+]
NMW [+]2025€799.8chart€740.02025NMW [+]
Average Wage [+]2024$21,710chart$21,8382024Average Wage [+]
Average Wage [+]2024€20,058chart€20,1762024Average Wage [+]
Human Capital Ranking [+]201742ºchart28º2017Human Capital Ranking [+]
Markets
Euro / Romanian new lei [+]12/16/20255.0920
US Dollar exchange rate [+]12/16/20254.3312chart0.849212/16/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]12/15/202543.70%chart7.25%12/16/2025Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]November 20259.8%chart3.8%November 2025CPI (overall index) [+]
HICP [+]October 20258.4%chart3.8%November 2025HICP [+]
PPI Year on Year [+]October 20259.4%chart0.1%October 2025PPI Year on Year [+]
Money Market
Key rates [+]08/08/20246.50%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202055ºchart19º2020Doing Business [+]
IPI Year on Year [+]October 20250.4%chart8.7%October 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 2024289,477chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20227.91chart11.15December 2022Annual Vehicles/ 1,000 p. [+]
Motor vehicle production [+]2023513,050
Vehicles / 1,000 people [+]2021464.93chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202428.7%chart35.4%2024Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/201620.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202010.0%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20192,683,748chart478,0002021Annual arrivals [+]
Exports [+]2024€92,674.0Mchart€19,073.9M2024Exports [+]
Exports [+]2024$100,308.5Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]202426.21%chart47.26%2024Exports % GDP [+]
Imports [+]2024€126,131.0Mchart€21,917.7M2024Imports [+]
Imports [+]2024$136,521.7Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202435.67%chart54.31%2024Imports % GDP [+]
Trade balance [+]2024€-33,457.0Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2024$-36,213.2Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]2024-9.46%chart-7.05%2024Trade balance % GDP [+]
Retail Sales YoY [+]October 2025-4.1%chart4.1%October 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201545ºchart35º2015Global AgeWatch Ranking [+]
Density [+]202480chart292024Density [+]
Global Peace Ranking [+]202436ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.20‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20174,943.6chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]20203.67%chart12.65%2020% Immigrant [+]
% Emigrant [+]202020.76%chart20.07%2020% Emigrant [+]
Birth Rate [+]20247.50‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]2017590.7chart335.22017Remittance sent ($M) [+]
Crude death rate [+]202412.80‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20231.54chart1.362023Fertility Rate [+]
Crude marriage rate [+]20235.80‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202419.0%chart21.6%2024% risk of poverty [+]
Population [+]202419,036,031chart1,856,9322024Population [+]
Immigrant stock [+]2020705,310chart239,4222020Immigrant stock [+]
Emigrant stock [+]20203,987,093chart380,0102020Emigrant stock [+]
HDI [+]20220.827chart0.8792022HDI [+]
Gender Gap Ranking [+]202468ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202476.60chart76.702024Life expectancy [+]
Suicides [+]20221,701chart2672023Suicides [+]
Suicide rate [+]20229.04chart14.202023Suicide rate [+]
Number of homicides [+]2024213chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20231.11chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.70chart3.562023CO2 Tons per capita [+]
Annual crude oil production [+]202455
Crude Oil Reserves [+]2021600.0
Consumption GWh [+]202344,600chart6,6642023Consumption GWh [+]
Generation GWh [+]202353,435chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]11/23/202569,086chart7,67011/23/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]11/23/20253,602,739chart977,78611/23/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]06/11/20228,114,769chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]11/23/20253,629.22chart4,130.4711/23/2025COVID-19 - Deaths per million population [+]
Doses administered [+]06/11/202216,827,486chart2,979,62412/23/2023Doses administered [+]
Romania
Latvia