Andorra vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Andorra ranked 165th with $3.2B. By GDP per capita, Latvia and Andorra ranked 51st vs 24th, respectively.

Gross Domestic Product & Income

Stat	Andorra	Latvia
GDP	$3.2B	$34.4B
GDP growth, 1 year	1.63%	4.8%
GDP growth, 5-years average	N/A	3.3%
Population	76k	1.9M
GDP per capita	$42k	$18k
GDP per capita growth	1.62%	5.47%
Purchasing Power Parity conversion factor	N/A	0.5
Price level ratio of PPP conversion factor GDP to market exchange rate	N/A	0.59
GDP per capita, PPP adjusted	$37k	$30k
GNI, Atlas method	N/A	$31.8B
GNI per capita	N/A	$17k
GNI, PPP adjusted	N/A	$57.4B
GNI per capita, PPP adjusted	N/A	$30k

Financial system and Human development

Stat	Andorra	Latvia
Income Tax Rate	N/A	31.4%
Corporate Tax Rate	N/A	20%
Inflation, consumer prices	N/A	2.6%
Inflation, GDP deflator	0.9%	4%
Unemployment	N/A	7.9%
Economic Freedom Index	72	71.9
Personal Freedom Index	8.4	8.65
Human Freedom Index	8.4	8.16
Property Rights Index	N/A	72.3
Judical Effectiveness Index	N/A	51.1
Business Freedom Index	N/A	77
Fiscal Health Index	N/A	96.5
Labor Freedom Index	N/A	72.4
Investment Freedom Index	N/A	85
Financial Freedom Index	N/A	60
Trade Freedom Index	N/A	86.4
Monetary Freedom Index	N/A	80.2
Government Spending Index	N/A	58.3
Tax Burden Index	N/A	76.9
Government Integrity Index	N/A	46.4
Corruption Perceptions Index	84	58
Life expectancy at birth, years	83	74.7
Suicide mortality rate, per 100,000 people	0.5	21.2
Mortality caused by road traffic injury, per 100,000 people	7.6	9.3
Intentional homicides, per 100,000 people	0	4.2
International tourism, number of arrivals	3M	1.9M

Government debt & reserves

Stat	Andorra	Latvia
Central government debt, % of GDP	N/A	37.6%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	6%
Gross savings, % of GDP	N/A	22.8%
Gross capital formation, % of GDP	N/A	23.5%
Total reserves including gold	N/A	$4.4B
Foreign direct investment net inflows	N/A	$447M

Exports, imports and economic structure

Stat	Andorra	Latvia
Exports of goods and services, % of GDP	N/A	61.3%
Imports of goods and services, % of GDP	N/A	61.5%
Current account balance (balance of payments)	N/A	-$211M
Revenue excluding grants, % of GDP	N/A	41.4%
Grants excluding technical cooperation, BoP	N/A	$148.1M
Personal remittances received	N/A	$1.2B
Industry including construction value added, % of GDP	9.9%	19.5%
Agriculture, forestry and fishing value added, % of GDP	0.5%	3.6%
Charges for the use of intellectual property, payments BoP	N/A	$64.6M
Charges for the use of intellectual property, receipts BoP	N/A	$10.6M
Expense, % of GDP	N/A	43%
Government Expenditure, % of GDP	N/A	37.3%