Country comparison Serbia vs Latvia

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Gouvernement
Qu. GDP Per Capita [+]2024Q43,242Kchart5,598K2024Q4Qu. GDP Per Capita [+]
Annual GDP [+]2024€82,321Mchart€40,208M2024Annual GDP [+]
Annual GDP [+]2024$89,102Mchart$43,521M2024Annual GDP [+]
GDP per capita [+]2024€12,510chart€21,6102024GDP per capita [+]
GDP per capita [+]2024$13,490chart$23,2502024GDP per capita [+]
Quarterly GDP [+]2024Q4€21,414Mchart€10,479M2024Q4Quarterly GDP [+]
Debt (M.€.) [+]202334,002chart17,5792023Debt (M.€.) [+]
Debt ($M) [+]202336,776chart19,0152023Debt ($M) [+]
Debt (%GDP) [+]202348.91%chart45.00%2023Debt (%GDP) [+]
Debt Per Capita [+]2023€5,148chart€9,3912023Debt Per Capita [+]
Debt Per Capita [+]2023$5,568chart$10,1582023Debt Per Capita [+]
Deficit (M.€) [+]2023-911chart-9322023Deficit (M.€) [+]
Deficit ($M) [+]2023-985chart-1,5392023Deficit ($M) [+]
Deficit (%GDP) [+]2023-1.31%chart-2.40%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202330,534.7chart17,187.32023Expenditure (M.€) [+]
Expenditure ($M) [+]202333,025.7chart18,349.22023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,845.5chart1,814.32021Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20222,059.1chart1,820.52021Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20217.09%chart12.65%2021Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20223,597.6chart2,043,247,000.02023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20223,784.3chart2,209,362,981.12023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202213.69%chart12.06%2022Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20232,145.8chart892.82023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20232,145.3chart965.32023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20236.42%chart5.63%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202343.93%chart44.00%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€4,623chart€9,1822023Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$5,000chart$9,8032023Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€270chart€9632021Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$303chart$1,1722021Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€529chart€1,0852023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2022$557chart$1,1732023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€324chart€4752023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$324chart$5262023Defence Expenditure P.C. [+]
A301/26/2024Moody's Rating [+]
S&P Rating [+]10/04/2024BBB-A05/31/2024S&P Rating [+]
Fitch Rating [+]03/27/2020BB+A-04/10/2020Fitch Rating [+]
Corruption Index [+]202336chart602023Corruption Index [+]
Competitiveness Ranking [+]201972ºchart41º2019Competitiveness Ranking [+]
Fragile States Index [+]202467.8chart41.42024Fragile States Index [+]
RTI Raking [+]20243ºchart107º2024RTI Raking [+]
Innovation Ranking [+]202452ºchart42º2024Innovation Ranking [+]
Labour
6.9%January 2025Unemployment Rate [+]
Unemployment rate [+]2024Q48.7%chart6.9%2024Q4Unemployment rate [+]
Unemployed [+]2024Q4273Kchart64K2024Q4Unemployed [+]
NMW [+]2025$643.9chart$768.82025NMW [+]
NMW [+]2025€619.0chart€740.02025NMW [+]
$20,0672023Average Wage [+]
€18,5592023Average Wage [+]
Human Capital Ranking [+]201760ºchart28º2017Human Capital Ranking [+]
Markets
Euro / Serbian dinars [+]12/03/2025117.0875
US Dollar exchange rate [+]12/03/2025107.3803chart0.923603/21/2025US Dollar exchange rate [+]
Stock ExchangeYTD % [+]03/21/20250.20%chart1.59%03/21/2025Stock ExchangeYTD % [+]
Prices
3.7%February 2025CPI (overall index) [+]
HICP [+]February 20254.7%chart3.7%February 2025HICP [+]
PPI Year on Year [+]February 20251.5%chart0.5%February 2025PPI Year on Year [+]
Money Market
Key rates [+]09/12/20245.75%chart2.65%03/12/2025Key rates [+]
Business
Doing Business [+]202044ºchart19º2020Doing Business [+]
IPI Year on Year [+]January 20253.4%chart0.5%January 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 201925,514chart33,318December 2024Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 20194.22chart11.20December 2022Annual Vehicles/ 1,000 p. [+]
Motor vehicle production [+]20224,498
Vehicles / 1,000 people [+]2020353.73chart457.352021Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]201638.4%chart33.2%2023Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/201220.00%chart21.00%07/01/2012Standard VAT [+]
Top tax rate + SSC [+]202010.0%chart31.4%2022Top tax rate + SSC [+]
Trade
Annual arrivals [+]20221,773,000chart478,0002021Annual arrivals [+]
Exports [+]2024€27,602.9Mchart€18,992.7M2024Exports [+]
Exports [+]2024$29,876.9Mchart$20,472.4M2024Exports [+]
Exports % GDP [+]202433.53%chart47.04%2024Exports % GDP [+]
Imports [+]2024€38,056.0Mchart€21,910.3M2024Imports [+]
Imports [+]2024$41,191.1Mchart$23,710.0M2024Imports [+]
Imports % GDP [+]202446.23%chart54.48%2024Imports % GDP [+]
Trade balance [+]2024€-10,453.1Mchart€-2,917.6M2024Trade balance [+]
Trade balance [+]2024$-11,314.1Mchart$-3,237.6M2024Trade balance [+]
Trade balance % GDP [+]2024-12.70%chart-7.44%2024Trade balance % GDP [+]
Retail Sales YoY [+]January 20253.1%chart2.4%March 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201566ºchart35º2015Global AgeWatch Ranking [+]
Density [+]202378chart292023Density [+]
Global Peace Ranking [+]202454ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.50‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20173,588.0chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202011.98%chart12.65%2020% Immigrant [+]
% Emigrant [+]202014.61%chart20.07%2020% Emigrant [+]
Birth Rate [+]20239.20‰chart7.70‰2023Birth Rate [+]
Remittance sent ($M) [+]20171,374.5chart335.22017Remittance sent ($M) [+]
Crude death rate [+]202314.70‰chart14.90‰2023Crude death rate [+]
Fertility Rate [+]20231.62chart1.362023Fertility Rate [+]
Crude marriage rate [+]20234.80‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202319.9%chart21.6%2024% risk of poverty [+]
Population [+]20236,605,168chart1,871,8822023Population [+]
Immigrant stock [+]2020823,011chart239,4222020Immigrant stock [+]
Emigrant stock [+]20201,003,962chart380,0102020Emigrant stock [+]
HDI [+]20220.805chart0.8792022HDI [+]
Gender Gap Ranking [+]202426ºchart30º2024Gender Gap Ranking [+]
Life expectancy [+]202376.20chart75.602023Life expectancy [+]
Suicides [+]2022770chart2262022Suicides [+]
Suicide rate [+]202211.47chart12.292022Suicide rate [+]
Number of homicides [+]202389chart472023Number of homicides [+]
Rate Homicides per 100.000 [+]20231.31chart2.502023Rate Homicides per 100.000 [+]
Energy and Environment
3.562023CO2 Tons per capita [+]
Annual crude oil production [+]202313
Crude Oil Reserves [+]202177.5
Consumption GWh [+]202334,413chart6,8222023Consumption GWh [+]
Generation GWh [+]202341,250chart6,3602023Generation GWh [+]
Others
COVID-19 - Deaths [+]08/04/202418,057chart7,47508/04/2024COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]08/04/20242,583,470chart977,76508/04/2024COVID-19 - Confirmed [+]
Fully vaccinated [+]06/23/20223,278,198chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]08/04/20242,733.77chart3,993.3108/04/2024COVID-19 - Deaths per million population [+]
Doses administered [+]06/23/20228,534,688chart2,895,71607/11/2022Doses administered [+]
Serbia
Latvia