AfghanistanAlbaniaAlgeriaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCentral African RepublicChadChileChinaColombiaComorosCosta RicaCôte d'IvoireCroatiaCubaCyprusCzechiaDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaEuro zoneFederated States of MicronesiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth KoreaNorth MacedoniaNorwayOmanPakistanPalauPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRepublic of the CongoRomaniaRussiaRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth KoreaSouth SudanSpainSri LankaState of PalestineSudanSurinameSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandThe GambiaTimor-LesteTogoTongaTrinidad and TobagoTunisiaTürkiyeTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamYemenZambiaZimbabweAfghanistanAlbaniaAlgeriaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCentral African RepublicChadChileChinaColombiaComorosCosta RicaCôte d'IvoireCroatiaCubaCyprusCzechiaDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaEuro zoneFederated States of MicronesiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth KoreaNorth MacedoniaNorwayOmanPakistanPalauPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRepublic of the CongoRomaniaRussiaRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth KoreaSouth SudanSpainSri LankaState of PalestineSudanSurinameSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandThe GambiaTimor-LesteTogoTongaTrinidad and TobagoTunisiaTürkiyeTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamYemenZambiaZimbabweCompareHICP - All items Latvia vs Serbia comparison Latvia Serbia GouvernementQu. GDP Per Capita [+]2024Q15,506K2,739K2024Q1Qu. GDP Per Capita [+]Annual GDP [+]2023€40,348M€69,513M2023Annual GDP [+]Annual GDP [+]2023$43,627M$75,164M2023Annual GDP [+]GDP per capita [+]2023€21,440€10,5002023GDP per capita [+]GDP per capita [+]2023$23,169$11,3182023GDP per capita [+]Quarterly GDP [+]2024Q1€10,368M€18,193M2024Q1Quarterly GDP [+]Debt (M.€.) [+]202317,58132,2602022Debt (M.€.) [+]Debt ($M) [+]202319,01133,9992022Debt ($M) [+]Debt (%GDP) [+]202343.60%53.54%2022Debt (%GDP) [+]Debt Per Capita [+]2023€9,337€4,8582022Debt Per Capita [+]Debt Per Capita [+]2023$10,096$5,1192022Debt Per Capita [+]Deficit (M.€) [+]2023-893-892022Deficit (M.€) [+]Deficit ($M) [+]2023-966-942022Deficit ($M) [+]Deficit (%GDP) [+]2023-2.20%-0.15%2022Deficit (%GDP) [+]Expenditure (M.€) [+]202316,525.326,226.82022Expenditure (M.€) [+]Expenditure ($M) [+]202317,868.827,639.82022Expenditure ($M) [+]Education Expenditure (M.€) [+]20211,874.21,760.22021Education Expenditure (M.€) [+]Education Expenditure ($M) [+]20212,216.72,081.52021Education Expenditure ($M) [+]Education Expenditure (%Bud.) [+]202112.65%7.09%2021Education Expenditure (%Bud.) [+]Gov. Health Exp. (M.€) [+]20222,311,044,000.03,338.62021Gov. Health Exp. (M.€) [+]Gov. Health Exp.($M) [+]20222,433,529,332.03,949.12021Gov. Health Exp.($M) [+]Gov. Health Exp. (%Bud.) [+]202114.19%13.45%2021Gov. Health Exp. (%Bud.) [+]Defence Expenditure (M.€) [+]2022786.91,377.12022Defence Expenditure (M.€) [+]Defence Expenditure ($M) [+]2022828.61,448.62022Defence Expenditure ($M) [+]Defence Expenditure (%Bud.) [+]20225.16%5.25%2022Defence Expenditure (%Bud.) [+]Expenditure (%GDP) [+]202341.00%43.53%2022Expenditure (%GDP) [+]Expenditure Per Capita [+]2023€8,776€3,9492022Expenditure Per Capita [+]Expenditure Per Capita [+]2023$9,490$4,1622022Expenditure Per Capita [+]Education Expenditure P.C [+]2021€995€2582021Education Expenditure P.C [+]Education Expenditure P.C [+]2021$1,155$3032021Education Expenditure P.C [+]Gov. Health Exp. P.C. [+]2022€1,232€4862021Gov. Health Exp. P.C. [+]Gov. Health Exp. P.C. [+]2022$1,297$5752021Gov. Health Exp. P.C. [+]Defence Expenditure P.C. [+]2022€417€2072022Defence Expenditure P.C. [+]Defence Expenditure P.C. [+]2022$450$2172022Defence Expenditure P.C. [+]Moody's Rating [+]01/26/2024A3S&P Rating [+]12/06/2022A+BB+04/05/2024S&P Rating [+]Fitch Rating [+]04/10/2020A-BB+03/27/2020Fitch Rating [+]Corruption Index [+]202259362022Corruption Index [+]Competitiveness Ranking [+]201941º72º2019Competitiveness Ranking [+]Fragile States Index [+]201844.968.12018Fragile States Index [+]RTI Raking [+]2022106º3º2022RTI Raking [+]Innovation Ranking [+]201834º55º2018Innovation Ranking [+]LabourUnemployment Rate [+]April 20246.8%Unemployment rate [+]2023Q46.8%9.2%2023Q4Unemployment rate [+]Unemployed [+]2023Q464K288K2023Q4Unemployed [+]NMW [+]2024$773.5$601.72024NMW [+]NMW [+]2024€700.0€543.62024NMW [+]Average Wage [+]2023$20,067Average Wage [+]2023€18,559Human Capital Ranking [+]201728º60º2017Human Capital Ranking [+]Markets117.066806/10/2024Euro / Serbian dinars [+]US Dollar exchange rate [+]06/07/20240.9176108.838606/10/2024US Dollar exchange rate [+]Stock ExchangeYTD % [+]06/07/20248.57%19.73%06/08/2024Stock ExchangeYTD % [+]PricesCPI (overall index) [+]April 20241.1%HICP [+]May 20240.2%5.0%April 2024HICP [+]PPI Year on Year [+]April 2024-9.2%3.1%April 2024PPI Year on Year [+]Money MarketKey rates [+]09/20/20234.50%6.50%07/13/2023Key rates [+]BusinessDoing Business [+]202019º44º2020Doing Business [+]IPI Year on Year [+]April 2024-7.8%0.4%April 2024IPI Year on Year [+]Passengers vehicles Year [+]December 202216,73925,514December 2019Passengers vehicles Year [+]Annual Vehicles/ 1,000 p. [+]December 202211.204.22December 2019Annual Vehicles/ 1,000 p. [+]4,4982022Motor vehicle production [+]Vehicles / 1,000 people [+]2021457.35353.732020Vehicles / 1,000 people [+]TaxesTax Revenue (%GDP) [+]202230.5%38.4%2016Tax Revenue (%GDP) [+]Standard VAT [+]07/01/201221.00%20.00%01/01/2012Standard VAT [+]Top tax rate + SSC [+]202231.4%10.0%2020Top tax rate + SSC [+]TradeAnnual arrivals [+]20191,934,8001,846,5512019Annual arrivals [+]Exports [+]2023€20,969.7M€27,035.4M2023Exports [+]Exports [+]2023$22,446.0M$30,934.8M2023Exports [+]Exports % GDP [+]202351.97%38.89%2023Exports % GDP [+]Imports [+]2023€25,266.8M€35,215.5M2023Imports [+]Imports [+]2023$27,114.4M$39,837.7M2023Imports [+]Imports % GDP [+]202362.62%50.66%2023Imports % GDP [+]Trade balance [+]2023€-4,297.1M€-8,180.1M2023Trade balance [+]Trade balance [+]2023$-4,668.4M$-8,902.9M2023Trade balance [+]Trade balance % GDP [+]2023-10.65%-11.77%2023Trade balance % GDP [+]Retail Sales YoY [+]December 20232.4%-3.7%December 2023Retail Sales YoY [+]Socio-DemographyGlobal AgeWatch Ranking [+]201535º66º2015Global AgeWatch Ranking [+]Density [+]202229782022Density [+]Global Peace Ranking [+]202327º65º2023Global Peace Ranking [+]Crude divorce rate [+]20222.90‰1.50‰2022Crude divorce rate [+]Remittance received ($M) [+]20171,090.03,588.02017Remittance received ($M) [+]% Immigrant [+]202012.65%11.98%2020% Immigrant [+]% Emigrant [+]202020.07%14.61%2020% Emigrant [+]Birth Rate [+]20228.50‰9.30‰2022Birth Rate [+]Remittance sent ($M) [+]2017335.21,374.52017Remittance sent ($M) [+]Crude death rate [+]202216.40‰16.30‰2022Crude death rate [+]Fertility Rate [+]20221.471.592022Fertility Rate [+]Crude marriage rate [+]20226.30‰4.90‰2022Crude marriage rate [+]% risk of poverty [+]202322.5%20.0%2022% risk of poverty [+]Population [+]20221,883,0086,641,1972022Population [+]Immigrant stock [+]2020239,422823,0112020Immigrant stock [+]Emigrant stock [+]2020380,0101,003,9622020Emigrant stock [+]HDI [+]20210.8630.8022021HDI [+]Gender Gap Ranking [+]202313º38º2023Gender Gap Ranking [+]Life expectancy [+]202375.9075.202022Life expectancy [+]Suicides [+]20212548832021Suicides [+]Suicide rate [+]202113.6412.962021Suicide rate [+]Number of homicides [+]202267742022Number of homicides [+]Rate Homicides per 100.000 [+]20223.621.022022Rate Homicides per 100.000 [+]Energy and EnvironmentCO2 Tons per capita [+]20223.61132023Annual crude oil production [+]77.52021Crude Oil Reserves [+]Consumption GWh [+]20225,98230,6782022Consumption GWh [+]Generation GWh [+]20224,04532,5492022Generation GWh [+]OthersCOVID-19 - Deaths [+]05/26/20247,47518,05705/26/2024COVID-19 - Deaths [+]COVID-19 - Confirmed [+]05/26/2024977,7652,583,47005/26/2024COVID-19 - Confirmed [+]Fully vaccinated [+]07/11/20221,305,9763,278,19806/23/2022Fully vaccinated [+]COVID-19 - Deaths per million population [+]05/26/20243,969.712,718.9405/26/2024COVID-19 - Deaths per million population [+]Doses administered [+]07/11/20222,895,7168,534,68806/23/2022Doses administered [+]LatviaCountrySubcontinentContinentWorldCapital: RigaPopulation: 1,883,008Surface Area: 64,590 km2Currency: EurosReligion: Mostly Christianity Belongs to: CoE, EA, EEA, IMF, NATO, OECD, UN, OSCE, EUSerbiaCountrySubcontinentContinentWorldCapital: BelgradePopulation: 6,641,197Surface Area: 84,990 km2Currency: Serbian dinars (1 EUR=117.0668 RSD)Religion: Mostly Christianity Belongs to: CoE, IMF, UN, OSCE Compare Afghanistan Latvia Compare Albania Latvia Compare Algeria Latvia Compare Andorra Latvia Compare Angola Latvia Compare Antigua and Barbuda Latvia Compare Argentina Latvia Compare Armenia Latvia Compare Australia Latvia Compare Austria Latvia Compare Azerbaijan Latvia Compare Bahamas Latvia Compare Bahrain Latvia Compare Bangladesh Latvia Compare Barbados Latvia Compare Belarus Latvia Compare Belgium Latvia Compare Belize Latvia Compare Benin Latvia Compare Bhutan Latvia Compare Bolivia Latvia Compare Bosnia and Herzegovina Latvia Compare Botswana Latvia Compare Brazil Latvia Compare Brunei Latvia Compare Bulgaria Latvia Compare 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