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All rankings including Latvia
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Rankings in which Latvia is Top
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Rankings in which Latvia is Bottom 1-3
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Rankings in which Latvia is Bottom
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National economy>
Latvia
GDP (current US$, billions)
43.598
(2023)
[36/38countries]
GDP per capita (current US$)
23,153
(2023)
[30/38countries]
GDP per capita (PPP, current international$)
40,002
(2023)
[33/38countries]
GNI per capita, Atlas method (current US$)
21,970
(2023)
[31/38countries]
Labour Productivity (GDP per hour worked, current PPP US$)
58.8
(2023)
[26/38countries]
Shadow economy, as % of GDP
16.6%
(2015)
[17/38countries]
Total reserves (includes gold, 100 million US$)
50
(2023)
[35/38countries]
% of those who agree that the government is responsible for providing industry with the help it needs to grow
93.8%
(2016)
[2/25countries]
% of those who are proud of their country in its economic achievements
23.7%
(2013)
[22/26countries]
Saving and investment>
Latvia
% of currency and deposits in household financial assets
36.5%
(2022)
[15/37countries]
Price and interest>
Latvia
Long-term interest rate
3.44%
(As of June 2024)
[17/35countries]
% of those who agree that the government is responsible for keeping prices under control
71.0%
(2016)
[21/25countries]
% of those who would choose keeping down inflation rather than keeping down unemployment,
30.0%
(1996)
[12/15countries]
Income inequality>
Latvia
Income inequality (gini coefficient) - before tax and government transfers
0.42
(2019)
[16/37countries]
Income inequality (gini coefficient) - after tax and government transfers
0.34
(2019)
[8/37countries]
% of those who are dissatisfied with their earnings
72.6%
(2009)
[2/30countries]
% of men who say that they have a higher income than their partner
69.8%
(2012)
[16/31countries]
% of women who say that they have a higher income than their partner
26.7%
(2012)
[4/31countries]
% of those who say that both partners have about the same income
20.4%
(2012)
[10/31countries]
% of those who think that the government is responsible for reducing income inequality (4 choices)
80.5%
(2016)
[12/25countries]
% of those who think that people with money should be left to enjoy it
60.2%
(2000)
[6/11countries]
Social inequality>
Latvia
Social position>
Latvia
% of those who think that the social status of their job is higher than their fathers' job
37.1%
(2009)
[25/30countries]
% of those who think that the social status of their job is lower than their fathers' job
23.1%
(2009)
[9/30countries]
% of those who think that there is strong conflicts between people at the top of society and people at the bottom
53.8%
(2009)
[13/30countries]
% of those who think that having ambition is very important for getting ahead in life
56.5%
(2009)
[27/30countries]
Manufacturing>
Latvia
Manufacturing, value added (% of GDP)
11.9%
(2023)
[21/34countries]
Competitive industrial performance index
0.046
(2021)
[35/38countries]
% of employment of small and medium sized companies (1-249 employees) in manufacturing
76.3%
(2020)
[2/36countries]
% of employment of large companies (250 and more employees) in manufacturing
23.7%
(2020)
[35/36countries]
Services>
Latvia
Tourism, employment, % of total employment
8.3%
(2019)
[9/32countries]
% of employment of small and medium sized companies (1-249 employees) in Wholesale and retail trade; repair of motor vehicles and motorcycles
75.9%
(2020)
[9/35countries]
% of employment of large companies (250 and more employees) in Wholesale and retail trade; repair of motor vehicles and motorcycles
24.1%
(2020)
[27/35countries]
Financial sector>
Latvia
Companies>
Latvia
% of those who think that major private companies comply with laws and regulations
37.7%
(2016)
[21/25countries]
% of those who think that major private companies try to avoid paying their taxes
54.5%
(2016)
[14/25countries]
% of those who agree that large international companies are doing more and more damage to local businesses in the country
63.6%
(2013)
[10/26countries]
Starting business>
Latvia
New business density (new registrations per 1,000 people ages 15-64)
6.73
(2022)
[13/33countries]
Cost of business start-up procedures (% of GNI per capita)
1.5%
(2019)
[21/38countries]
Industrial policy>
Latvia
% of those who think that business, banks and industry have the most influence on the actions of the government
16.0%
(2016)
[22/25countries]
% of those who are in favour of less government regulation of business
66.4%
(2016)
[2/25countries]
% of those who are in favour of government support for industry to develop new products and technology
96.1%
(2016)
[1/25countries]
% of those who are in favour of government support for declining industries to protect jobs
60.7%
(2016)
[14/25countries]