Cape Verde vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Latvia and Cape Verde ranked 74th vs 94th and 51st vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeLatvia
GDP$2B$34.4B
GDP growth, 1 year4.7%4.8%
GDP growth, 5-years average3%3.3%
Population546k1.9M
GDP per capita$3.6k$18k
GDP per capita growth3.87%5.47%
Purchasing Power Parity conversion factor45.560.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.59
GDP per capita, PPP adjusted$7.3k$30k
GNI, Atlas method$1.9B$31.8B
GNI per capita$3.4k$17k
GNI, PPP adjusted$4B$57.4B
GNI per capita, PPP adjusted$7.3k$30k

Financial system and Human development

StatCape VerdeLatvia
Income Tax Rate50%31.4%
Corporate Tax Rate30%20%
Inflation, consumer prices2.2%2.6%
Inflation, GDP deflator1.5%4%
Unemployment12.3%7.9%
Economic Freedom Index63.671.9
Personal Freedom Index8.338.65
Human Freedom Index7.48.16
Property Rights Index47.572.3
Judical Effectiveness Index4851.1
Business Freedom Index58.577
Fiscal Health Index66.296.5
Labor Freedom Index55.672.4
Investment Freedom Index8085
Financial Freedom Index6060
Trade Freedom Index68.286.4
Monetary Freedom Index83.180.2
Government Spending Index71.758.3
Tax Burden Index77.776.9
Government Integrity Index46.146.4
Corruption Perceptions Index5758
Life expectancy at birth, years72.674.7
Suicide mortality rate, per 100,000 people11.321.2
Mortality caused by road traffic injury, per 100,000 people259.3
Intentional homicides, per 100,000 people11.54.2
International tourism, number of arrivals710k1.9M

Government debt & reserves

StatCape VerdeLatvia
Central government debt, % of GDP127.7%37.6%
External debt stocks, % of GNI89.3%N/A
External debt stocks$1.7BN/A
Short-term debt, % of total reserves0.2%N/A
Total debt service, % of exports and primary income5.6%N/A
Adjusted net savings including particulate emission damage, % of GNI11.7%6%
Gross savings, % of GDP34.7%22.8%
Gross capital formation, % of GDP40.4%23.5%
Total reserves including gold$606.4M$4.4B
Foreign direct investment net inflows$108M$447M

Exports, imports and economic structure

StatCape VerdeLatvia
Exports of goods and services, % of GDP48.8%61.3%
Imports of goods and services, % of GDP68.2%61.5%
Current account balance (balance of payments)-$94.5M-$211M
Revenue excluding grants, % of GDP28.8%41.4%
Grants excluding technical cooperation, BoP$42.5M$148.1M
Personal remittances received$233.5M$1.2B
Industry including construction value added, % of GDP19.2%19.5%
Agriculture, forestry and fishing value added, % of GDP5.3%3.6%
Charges for the use of intellectual property, payments BoP$11.3M$64.6M
Charges for the use of intellectual property, receipts BoP$47k$10.6M
Expense, % of GDP28.4%43%
Government Expenditure, % of GDP30.7%37.3%

Compare with countries close by GDP per capita

Cape Verde vs

CountryGDP
per capita
Population
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M

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