Djibouti vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Djibouti ranked 168th with $3B. By GDP 5-years average growth and GDP per capita, Latvia and Djibouti ranked 74th vs 19th and 51st vs 136th, respectively.

Gross Domestic Product & Income

StatDjiboutiLatvia
GDP$3B$34.4B
GDP growth, 1 year6.7%4.8%
GDP growth, 5-years average6.5%3.3%
Population957k1.9M
GDP per capita$3.1k$18k
GDP per capita growth3.83%5.47%
Purchasing Power Parity conversion factor940.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.530.59
GDP per capita, PPP adjusted$3.8k$30k
GNI, Atlas method$3.1B$31.8B
GNI per capita$3.2k$17k
GNI, PPP adjustedN/A$57.4B
GNI per capita, PPP adjustedN/A$30k

Financial system and Human development

StatDjiboutiLatvia
Income Tax Rate30%31.4%
Corporate Tax Rate25%20%
Inflation, consumer prices-0.1%2.6%
Inflation, GDP deflator1.3%4%
Unemployment11.1%7.9%
Economic Freedom Index52.971.9
Personal Freedom Index3.98.65
Human Freedom Index3.98.16
Property Rights Index58.872.3
Judical Effectiveness Index31.751.1
Business Freedom Index62.377
Fiscal Health Index10.996.5
Labor Freedom Index60.672.4
Investment Freedom Index8085
Financial Freedom Index5060
Trade Freedom Index49.886.4
Monetary Freedom Index76.580.2
Government Spending Index53.658.3
Tax Burden Index75.376.9
Government Integrity Index25.546.4
Corruption Perceptions Index3158
Life expectancy at birth, years65.974.7
Suicide mortality rate, per 100,000 people6.721.2
Mortality caused by road traffic injury, per 100,000 people24.79.3
Intentional homicides, per 100,000 people6.54.2
International tourism, number of arrivals63k1.9M

Government debt & reserves

StatDjiboutiLatvia
Central government debt, % of GDP67.4%37.6%
External debt stocks, % of GNI157.6%N/A
External debt stocks$3.3BN/A
Short-term debt, % of total reserves53.7%N/A
Total debt service, % of exports and primary income57.8%N/A
Adjusted net savings including particulate emission damage, % of GNI-1.8%6%
Gross savings, % of GDP25.3%22.8%
Gross capital formation, % of GDP48.3%23.5%
Total reserves including gold$454.2M$4.4B
Foreign direct investment net inflows$265M$447M

Exports, imports and economic structure

StatDjiboutiLatvia
Exports of goods and services, % of GDP148.8%61.3%
Imports of goods and services, % of GDP178.9%61.5%
Current account balance (balance of payments)-$293.6M-$211M
Revenue excluding grants, % of GDPN/A41.4%
Grants excluding technical cooperation, BoP$120.4M$148.1M
Personal remittances received$59M$1.2B
Industry including construction value added, % of GDP12.4%19.5%
Agriculture, forestry and fishing value added, % of GDP1.4%3.6%
Charges for the use of intellectual property, payments BoPN/A$64.6M
Charges for the use of intellectual property, receipts BoPN/A$10.6M
Expense, % of GDPN/A43%
Government Expenditure, % of GDP39.3%37.3%

Compare with countries close by GDP per capita

Djibouti vs

CountryGDP
per capita
Population
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
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
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k

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