China vs Latvia: Economic Indicators Comparison

China with a GDP of $13.6T ranked the 2nd largest economy in the world, while Latvia ranked 100th with $34.4B. By GDP 5-years average growth and GDP per capita, China and Latvia ranked 12th vs 74th and 76th vs 51st, respectively.

Gross Domestic Product & Income

StatChinaLatvia
GDP$13.6T$34.4B
GDP growth, 1 year6.6%4.8%
GDP growth, 5-years average6.9%3.3%
Population1.4B1.9M
GDP per capita$9.8k$18k
GDP per capita growth6.08%5.47%
Purchasing Power Parity conversion factor3.540.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.59
GDP per capita, PPP adjusted$18k$30k
GNI, Atlas method$13.2T$31.8B
GNI per capita$9.5k$17k
GNI, PPP adjusted$25.3T$57.4B
GNI per capita, PPP adjusted$18k$30k

Financial system and Human development

StatChinaLatvia
Income Tax Rate45%31.4%
Corporate Tax Rate25%20%
Inflation, consumer prices2.1%2.6%
Inflation, GDP deflator2.9%4%
Unemployment4.4%7.9%
Economic Freedom Index59.571.9
Personal Freedom Index68.65
Human Freedom Index6.118.16
Property Rights Index60.972.3
Judical Effectiveness Index76.351.1
Business Freedom Index76.877
Fiscal Health Index67.596.5
Labor Freedom Index64.472.4
Investment Freedom Index2085
Financial Freedom Index2060
Trade Freedom Index72.486.4
Monetary Freedom Index71.180.2
Government Spending Index67.958.3
Tax Burden Index70.476.9
Government Integrity Index4646.4
Corruption Perceptions Index3958
Life expectancy at birth, years76.574.7
Suicide mortality rate, per 100,000 people9.721.2
Mortality caused by road traffic injury, per 100,000 people18.29.3
Intentional homicides, per 100,000 people0.64.2
International tourism, number of arrivals62.9M1.9M

Government debt & reserves

StatChinaLatvia
Central government debt, % of GDP50.5%37.6%
External debt stocks, % of GNI14.5%N/A
External debt stocks$2TN/A
Short-term debt, % of total reserves38.5%N/A
Total debt service, % of exports and primary income8.2%N/A
Adjusted net savings including particulate emission damage, % of GNI20.1%6%
Gross savings, % of GDP46.3%22.8%
Gross capital formation, % of GDP44.1%23.5%
Total reserves including gold$3.2T$4.4B
Foreign direct investment net inflows$203.5B$447M

Exports, imports and economic structure

StatChinaLatvia
Exports of goods and services, % of GDP19.5%61.3%
Imports of goods and services, % of GDP18.7%61.5%
Current account balance (balance of payments)$49.1B-$211M
Revenue excluding grants, % of GDP15.8%41.4%
Grants excluding technical cooperation, BoP$191.6M$148.1M
Personal remittances received$24.3B$1.2B
Industry including construction value added, % of GDP40.7%19.5%
Agriculture, forestry and fishing value added, % of GDP7.2%3.6%
Charges for the use of intellectual property, payments BoP$35.8B$64.6M
Charges for the use of intellectual property, receipts BoP$5.6B$10.6M
Expense, % of GDPN/A43%
Government Expenditure, % of GDP32.7%37.3%

Compare with countries close by GDP per capita

China vs

CountryGDP
per capita
Population
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
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M

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