Country comparison Serbia vs Latvia

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Gouvernement
GDP Growth (%) [+]20243.9%chart0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q33,411Kchart5,749K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€83,258Mchart€40,359M2024Annual GDP [+]
Annual GDP [+]2024$89,074Mchart$43,684M2024Annual GDP [+]
GDP per capita [+]2024€12,640chart€21,6402024GDP per capita [+]
GDP per capita [+]2024$13,545chart$23,2432024GDP per capita [+]
Quarterly GDP [+]2025Q3€22,401Mchart€10,696M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202436,615chart18,8022024Debt (M.€.) [+]
Debt ($M) [+]202439,619chart20,3432024Debt ($M) [+]
Debt (%GDP) [+]202444.48%chart46.60%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€5,575chart€10,1052024Debt Per Capita [+]
Debt Per Capita [+]2024$6,032chart$10,9342024Debt Per Capita [+]
Deficit (M.€) [+]2024-1,443chart-7322024Deficit (M.€) [+]
Deficit ($M) [+]2024-1,562chart-7932024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.75%chart-1.80%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202435,126.5chart18,418.92024Expenditure (M.€) [+]
Expenditure ($M) [+]202438,008.9chart19,346.42024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20232,559.8chart1,558.72022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20232,768.7chart1,642.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20238.38%chart9.92%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20233,958.9chart1,847,488,000.02024Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20234,282.0chart1,999,684,061.42024Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202312.97%chart9.91%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20242,160.7chart1,314.92024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20242,311.6chart1,423.22024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20246.05%chart7.49%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202442.67%chart45.60%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€5,348chart€9,9002024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$5,787chart$10,3982024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€386chart€8262022Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$418chart$8762022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2023€596chart€9872024Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$645chart$1,0682024Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€328chart€7052024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2024$352chart$7572024Defence 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
7.0%December 2025Unemployment Rate [+]
Unemployment rate [+]2025Q38.2%chart6.9%2025Q3Unemployment rate [+]
Unemployed [+]2025Q3257Kchart66K2025Q3Unemployed [+]
NMW [+]2026$875.8chart$916.52026NMW [+]
NMW [+]2026€744.0chart€780.02026NMW [+]
$21,8382024Average Wage [+]
€20,1762024Average Wage [+]
Human Capital Ranking [+]201760ºchart28º2017Human Capital Ranking [+]
Markets
Euro / Serbian dinars [+]02/11/2026117.3626
US Dollar exchange rate [+]02/11/202698.4008chart0.840802/10/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]02/11/2026-1.11%chart-3.18%02/11/2026Stock ExchangeYTD % [+]
Prices
3.5%December 2025CPI (overall index) [+]
HICP [+]December 20253.1%chart3.4%December 2025HICP [+]
PPI Year on Year [+]December 20251.7%chart0.3%December 2025PPI Year on Year [+]
Money Market
Key rates [+]09/12/20245.75%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202044ºchart19º2020Doing Business [+]
IPI Year on Year [+]December 2025-8.2%chart1.0%December 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%chart35.4%2024Tax 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€28,944.2Mchart€19,073.9M2024Exports [+]
Exports [+]2024$31,328.6Mchart$20,645.2M2024Exports [+]
Exports % GDP [+]202434.76%chart47.26%2024Exports % GDP [+]
Imports [+]2024€38,102.7Mchart€21,917.7M2024Imports [+]
Imports [+]2024$41,241.6Mchart$23,723.3M2024Imports [+]
Imports % GDP [+]202445.76%chart54.31%2024Imports % GDP [+]
Trade balance [+]2024€-9,158.5Mchart€-2,843.7M2024Trade balance [+]
Trade balance [+]2024$-9,913.0Mchart$-3,078.1M2024Trade balance [+]
Trade balance % GDP [+]2024-11.00%chart-7.05%2024Trade balance % GDP [+]
Retail Sales YoY [+]December 20258.7%chart1.0%December 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]201566ºchart35º2015Global AgeWatch Ranking [+]
Density [+]202477chart292024Density [+]
Global Peace Ranking [+]202454ºchart30º2024Global Peace Ranking [+]
Crude divorce rate [+]20231.50‰chart2.80‰2023Crude divorce rate [+]
Remittance received ($M) [+]20173,588.0chart1,090.02017Remittance received ($M) [+]
% Immigrant [+]202011.98%chart12.65%2020% Immigrant [+]
% Emigrant [+]202014.61%chart20.07%2020% Emigrant [+]
Birth Rate [+]20249.20‰chart6.90‰2024Birth Rate [+]
Remittance sent ($M) [+]20171,374.5chart335.22017Remittance sent ($M) [+]
Crude death rate [+]202414.90‰chart14.30‰2024Crude death rate [+]
Fertility Rate [+]20241.64chart1.362023Fertility Rate [+]
Crude marriage rate [+]20234.80‰chart5.60‰2023Crude marriage rate [+]
% risk of poverty [+]202419.7%chart22.0%2025% risk of poverty [+]
Population [+]20246,567,783chart1,860,5652024Population [+]
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 [+]202376.20chart76.702024Life expectancy [+]
Suicides [+]2023668chart2672023Suicides [+]
Suicide rate [+]202310.11chart14.202023Suicide 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 [+]202412
Crude Oil Reserves [+]202177.5
Consumption GWh [+]202330,824chart6,6642023Consumption GWh [+]
Generation GWh [+]202337,661chart6,2022023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/202618,057chart7,69101/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/20262,568,003chart977,79301/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]06/23/20223,278,198chart1,305,97607/11/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/20262,749.33chart4,133.6901/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]06/23/20228,534,688chart2,979,62412/23/2023Doses administered [+]
Serbia
Latvia