Afghanistan vs Latvia: Economic Indicators Comparison
Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Afghanistan ranked 116th with $19.4B. By GDP 5-years average growth and GDP per capita, Latvia and Afghanistan ranked 74th vs 125th and 51st vs 191st, respectively.
Gross Domestic Product & Income
| Stat |  Afghanistan |  Latvia |
|---|---|---|
| GDP | $19.4B | $34.4B |
| GDP growth, 1 year | 2.3% | 4.8% |
| GDP growth, 5-years average | 2.2% | 3.3% |
| Population | 34.9M | 1.9M |
| GDP per capita | $521 | $18k |
| GDP per capita growth | -1.35% | 5.47% |
| Purchasing Power Parity conversion factor | 19.27 | 0.5 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.27 | 0.59 |
| GDP per capita, PPP adjusted | $2k | $30k |
| GNI, Atlas method | $20.3B | $31.8B |
| GNI per capita | $550 | $17k |
| GNI, PPP adjusted | $73.1B | $57.4B |
| GNI per capita, PPP adjusted | $2k | $30k |
Financial system and Human development
| Stat | Afghanistan | Latvia |
|---|---|---|
| Income Tax Rate | 20% | 31.4% |
| Corporate Tax Rate | 20% | 20% |
| Inflation, consumer prices | 0.6% | 2.6% |
| Inflation, GDP deflator | 0.8% | 4% |
| Unemployment | 1.5% | 7.9% |
| Economic Freedom Index | 54.7 | 71.9 |
| Personal Freedom Index | 4 | 8.65 |
| Human Freedom Index | 4 | 8.16 |
| Property Rights Index | 48.3 | 72.3 |
| Judical Effectiveness Index | 30 | 51.1 |
| Business Freedom Index | 54.7 | 77 |
| Fiscal Health Index | 99.9 | 96.5 |
| Labor Freedom Index | 61.6 | 72.4 |
| Investment Freedom Index | 10 | 85 |
| Financial Freedom Index | 10 | 60 |
| Trade Freedom Index | 66 | 86.4 |
| Monetary Freedom Index | 81 | 80.2 |
| Government Spending Index | 79.2 | 58.3 |
| Tax Burden Index | 91.4 | 76.9 |
| Government Integrity Index | 24.8 | 46.4 |
| Corruption Perceptions Index | 16 | 58 |
| Life expectancy at birth, years | 64.1 | 74.7 |
| Suicide mortality rate, per 100,000 people | 4.7 | 21.2 |
| Mortality caused by road traffic injury, per 100,000 people | 15.1 | 9.3 |
| Intentional homicides, per 100,000 people | 7.1 | 4.2 |
| International tourism, number of arrivals | N/A | 1.9M |
Government debt & reserves
| Stat | Afghanistan | Latvia |
|---|---|---|
| Central government debt, % of GDP | 7.1% | 37.6% |
| External debt stocks, % of GNI | 13.4% | N/A |
| External debt stocks | $2.6B | N/A |
| Short-term debt, % of total reserves | 4.4% | N/A |
| Total debt service, % of exports and primary income | 4.9% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 2.7% | 6% |
| Gross savings, % of GDP | 18.7% | 22.8% |
| Gross capital formation, % of GDP | 19.2% | 23.5% |
| Total reserves including gold | $8.2B | $4.4B |
| Foreign direct investment net inflows | $119.4M | $447M |
Exports, imports and economic structure
| Stat | Afghanistan | Latvia |
|---|---|---|
| Exports of goods and services, % of GDP | 5.9% | 61.3% |
| Imports of goods and services, % of GDP | 45.3% | 61.5% |
| Current account balance (balance of payments) | -$3.7B | -$211M |
| Revenue excluding grants, % of GDP | 12.2% | 41.4% |
| Grants excluding technical cooperation, BoP | $3.3B | $148.1M |
| Personal remittances received | $803.5M | $1.2B |
| Industry including construction value added, % of GDP | 22.1% | 19.5% |
| Agriculture, forestry and fishing value added, % of GDP | 20.5% | 3.6% |
| Charges for the use of intellectual property, payments BoP | $2.4M | $64.6M |
| Charges for the use of intellectual property, receipts BoP | $13k | $10.6M |
| Expense, % of GDP | 36.7% | 43% |
| Government Expenditure, % of GDP | 26.3% | 37.3% |
