Unemployment

3.8%

-0.4

Unemployment

4.0%

0.1

CPI

4.7%

0.0

CPI

7.2%

-0.2

CPI

0.8%

-0.2

CPI

2.2%

0.0

CPI

3.6%

0.3

Unemployment

2.6%

0.3

  1. Countries data: Demographic and economy

Country comparison Latvia vs Hong Kong

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New motor vehicle annual sales per 1,000 people Latvia vs Hong Kong comparison
 
Gouvernement
Qu. GDP Per Capita [+]2024Q15,506K
Annual GDP [+]2023€40,348Mchart€353,376M2023Annual GDP [+]
Annual GDP [+]2023$43,627Mchart$382,055M2023Annual GDP [+]
GDP per capita [+]2023€21,440chart€47,7342023GDP per capita [+]
GDP per capita [+]2023$23,169chart$51,6082023GDP per capita [+]
Quarterly GDP [+]2024Q1€10,368M
Debt (M.€.) [+]202317,581chart14,8632022Debt (M.€.) [+]
Debt ($M) [+]202319,011chart15,6642022Debt ($M) [+]
Debt (%GDP) [+]202343.60%chart4.27%2022Debt (%GDP) [+]
Debt Per Capita [+]2023€9,337chart€2,0082022Debt Per Capita [+]
Debt Per Capita [+]2023$10,096chart$2,1162022Debt Per Capita [+]
Deficit (M.€) [+]2023-893chart-22,8192022Deficit (M.€) [+]
Deficit ($M) [+]2023-966chart-24,0482022Deficit ($M) [+]
Deficit (%GDP) [+]2023-2.20%chart-6.55%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202316,525.3chart98,199.82022Expenditure (M.€) [+]
Expenditure ($M) [+]202317,868.8chart103,490.62022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20211,874.2chart12,732.82022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20212,216.7chart13,757.12022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202112.65%chart3.73%2022Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20222,311,044,000.0
Gov. Health Exp.($M) [+]20222,433,529,332.0
Gov. Health Exp. (%Bud.) [+]202114.19%
Defence Expenditure (M.€) [+]2022786.9
Defence Expenditure ($M) [+]2022828.6
Defence Expenditure (%Bud.) [+]20225.16%
Expenditure (%GDP) [+]202341.00%chart28.20%2022Expenditure (%GDP) [+]
Expenditure Per Capita [+]2023€8,776chart€13,2652022Expenditure Per Capita [+]
Expenditure Per Capita [+]2023$9,490chart$13,9802022Expenditure Per Capita [+]
Education Expenditure P.C [+]2021€995chart€1,7202022Education Expenditure P.C [+]
Education Expenditure P.C [+]2021$1,155chart$1,8072022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2022€1,232
Gov. Health Exp. P.C. [+]2022$1,297
Defence Expenditure P.C. [+]2022€417
Defence Expenditure P.C. [+]2022$450
Moody's Rating [+]01/26/2024A3Aa312/06/2023Moody's Rating [+]
S&P Rating [+]12/06/2022A+AA+09/21/2017S&P Rating [+]
Fitch Rating [+]04/10/2020A-AA-04/20/2020Fitch Rating [+]
Corruption Index [+]202259chart762022Corruption Index [+]
Competitiveness Ranking [+]201941ºchart3º2019Competitiveness Ranking [+]
Fragile States Index [+]201844.9
RTI Raking [+]2022106º
Innovation Ranking [+]201834ºchart14º2018Innovation Ranking [+]
Labour
Unemployment Rate [+]April 20246.8%
Unemployment rate [+]2023Q46.8%chart3.2%2017Q1Unemployment rate [+]
Unemployed [+]2023Q464Kchart125K2017Q1Unemployed [+]
NMW [+]2024$773.5chart$797.72016NMW [+]
NMW [+]2024€700.0chart€733.92016NMW [+]
Average Wage [+]2023$20,067
Average Wage [+]2023€18,559
Human Capital Ranking [+]201728º
Markets
8.404306/10/2024Euro / Hong Kong dollars [+]
US Dollar exchange rate [+]06/10/20240.9297chart7.819905/31/2024US Dollar exchange rate [+]
Stock ExchangeYTD % [+]06/10/20248.52%chart-7.15%06/08/2024Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]May 20240.1%
HICP [+]May 20240.2%
PPI Year on Year [+]April 2024-9.2%
Money Market
Key rates [+]09/20/20234.50%chart5.75%07/27/2023Key rates [+]
Business
Doing Business [+]202019ºchart3º2020Doing Business [+]
IPI Year on Year [+]April 2024-7.8%
Passengers vehicles Year [+]December 202216,739chart29,117December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.20chart4.54December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart92.242015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202230.5%chart14.6%2021Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart0%01/01/2015Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart15.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]20191,934,800chart23,752,3592019Annual arrivals [+]
Exports [+]2023€20,969.7Mchart€530,723.2M2023Exports [+]
Exports [+]2023$22,446.0Mchart$573,871.0M2023Exports [+]
Exports % GDP [+]202351.97%chart150.19%2023Exports % GDP [+]
Imports [+]2023€25,266.8Mchart€604,546.6M2023Imports [+]
Imports [+]2023$27,114.4Mchart$653,696.2M2023Imports [+]
Imports % GDP [+]202362.62%chart171.08%2023Imports % GDP [+]
Trade balance [+]2023€-4,297.1Mchart€-73,823.4M2023Trade balance [+]
Trade balance [+]2023$-4,668.4Mchart$-79,825.2M2023Trade balance [+]
Trade balance % GDP [+]2023-10.65%chart-20.89%2023Trade balance % GDP [+]
Retail Sales YoY [+]December 20232.4%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202229chart6,6692021Density [+]
Global Peace Ranking [+]202327º
Crude divorce rate [+]20222.90‰
Remittance received ($M) [+]20171,090.0chart429.92017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart39.89%2020% Immigrant [+]
% Emigrant [+]202020.07%chart13.57%2020% Emigrant [+]
Birth Rate [+]20228.50‰chart4.40‰2022Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart17,121.12017Remittance sent ($M) [+]
Crude death rate [+]202216.40‰chart8.70‰2022Crude death rate [+]
Fertility Rate [+]20221.47chart0.702022Fertility Rate [+]
Crude marriage rate [+]20226.30‰
% risk of poverty [+]202322.5%
Population [+]20221,883,008chart7,403,0002021Population [+]
Immigrant stock [+]2020239,422chart2,962,4922020Immigrant stock [+]
Emigrant stock [+]2020380,010chart1,007,7882020Emigrant stock [+]
HDI [+]20210.863chart0.9522021HDI [+]
Gender Gap Ranking [+]202313º
Life expectancy [+]202375.90chart83.662022Life expectancy [+]
Suicides [+]2021254
Suicide rate [+]202113.64
Number of homicides [+]202267chart302022Number of homicides [+]
Rate Homicides per 100.000 [+]20223.62chart0.402022Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20223.61chart4.242022CO2 Tons per capita [+]
Consumption GWh [+]20225,982chart44,6772022Consumption GWh [+]
Generation GWh [+]20224,045chart35,9372022Generation GWh [+]
Others
COVID-19 - Deaths [+]05/26/20247,475chart13,46603/06/2023COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]05/26/2024977,765chart2,876,10603/06/2023COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart6,803,00405/10/2024Fully vaccinated [+]
COVID-19 - Deaths per million population [+]05/26/20243,969.71chart1,818.9903/06/2023COVID-19 - Deaths per million population [+]
Doses administered [+]07/11/20222,895,716chart21,003,01805/10/2024Doses administered [+]
Latvia
Hong Kong
  • Capital: Hong Kong
  • Population: 7,403,000
  • Surface Area: 1,110 km2
  • Currency: Hong Kong dollars (1 EUR=8.4043 HKD)
  • Belongs to: IMF