Burundi vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Burundi ranked 167th with $3B. By GDP 5-years average growth and GDP per capita, Latvia and Burundi ranked 74th vs 168th and 51st vs 197th, respectively.

Gross Domestic Product & Income

StatBurundiLatvia
GDP$3B$34.4B
GDP growth, 1 year0.1%4.8%
GDP growth, 5-years average-0.1%3.3%
Population10.9M1.9M
GDP per capita$272$18k
GDP per capita growth-1.56%5.47%
Purchasing Power Parity conversion factor651.050.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.59
GDP per capita, PPP adjusted$733$30k
GNI, Atlas method$3.1B$31.8B
GNI per capita$280$17k
GNI, PPP adjusted$8.3B$57.4B
GNI per capita, PPP adjusted$750$30k

Financial system and Human development

StatBurundiLatvia
Income Tax Rate35%31.4%
Corporate Tax Rate35%20%
Inflation, consumer prices1.2%2.6%
Inflation, GDP deflator-2.9%4%
Unemployment1.5%7.9%
Economic Freedom Index4971.9
Personal Freedom Index6.278.65
Human Freedom Index5.78.16
Property Rights Index24.972.3
Judical Effectiveness Index26.951.1
Business Freedom Index55.177
Fiscal Health Index13.296.5
Labor Freedom Index67.472.4
Investment Freedom Index5085
Financial Freedom Index3060
Trade Freedom Index68.286.4
Monetary Freedom Index70.380.2
Government Spending Index85.858.3
Tax Burden Index73.776.9
Government Integrity Index22.346.4
Corruption Perceptions Index1758
Life expectancy at birth, years60.974.7
Suicide mortality rate, per 100,000 people9.121.2
Mortality caused by road traffic injury, per 100,000 people34.79.3
Intentional homicides, per 100,000 people64.2
International tourism, number of arrivals299k1.9M

Government debt & reserves

StatBurundiLatvia
Central government debt, % of GDP58.4%37.6%
External debt stocks, % of GNI19.2%N/A
External debt stocks$589.3MN/A
Short-term debt, % of total reserves0.4%N/A
Total debt service, % of exports and primary income14%N/A
Adjusted net savings including particulate emission damage, % of GNI-19%6%
Gross savings, % of GDP4.3%22.8%
Gross capital formation, % of GDP11.1%23.5%
Total reserves including gold$68.1M$4.4B
Foreign direct investment net inflows$984k$447M

Exports, imports and economic structure

StatBurundiLatvia
Exports of goods and services, % of GDP7.8%61.3%
Imports of goods and services, % of GDP30.5%61.5%
Current account balance (balance of payments)-$362.6M-$211M
Revenue excluding grants, % of GDP15.8%41.4%
Grants excluding technical cooperation, BoP$380.5M$148.1M
Personal remittances received$48.3M$1.2B
Industry including construction value added, % of GDP11.1%19.5%
Agriculture, forestry and fishing value added, % of GDP29%3.6%
Charges for the use of intellectual property, payments BoP$4.7k$64.6M
Charges for the use of intellectual property, receipts BoP$3.4k$10.6M
Expense, % of GDP20.6%43%
Government Expenditure, % of GDP21.8%37.3%

Compare with countries close by GDP per capita

Burundi vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

Latvia vs

CountryGDP
per capita
Population
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M