Eswatini vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Eswatini ranked 160th with $4.7B. By GDP 5-years average growth and GDP per capita, Latvia and Eswatini ranked 74th vs 147th and 51st vs 117th, respectively.

Gross Domestic Product & Income

Stat	Eswatini	Latvia
GDP	$4.7B	$34.4B
GDP growth, 1 year	0.2%	4.8%
GDP growth, 5-years average	1.5%	3.3%
Population	1.4M	1.9M
GDP per capita	$4.1k	$18k
GDP per capita growth	1.32%	5.47%
Purchasing Power Parity conversion factor	5.16	0.5
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	0.59
GDP per capita, PPP adjusted	$11k	$30k
GNI, Atlas method	$4.5B	$31.8B
GNI per capita	$3.9k	$17k
GNI, PPP adjusted	$12.1B	$57.4B
GNI per capita, PPP adjusted	$11k	$30k

Financial system and Human development

Stat	Eswatini	Latvia
Income Tax Rate	33%	31.4%
Corporate Tax Rate	28%	20%
Inflation, consumer prices	4.8%	2.6%
Inflation, GDP deflator	2.8%	4%
Unemployment	22.5%	7.9%
Economic Freedom Index	55.3	71.9
Personal Freedom Index	5.93	8.65
Human Freedom Index	6.11	8.16
Property Rights Index	49.8	72.3
Judical Effectiveness Index	42.4	51.1
Business Freedom Index	58.9	77
Fiscal Health Index	17.6	96.5
Labor Freedom Index	67.9	72.4
Investment Freedom Index	50	85
Financial Freedom Index	40	60
Trade Freedom Index	88.6	86.4
Monetary Freedom Index	75.2	80.2
Government Spending Index	62.8	58.3
Tax Burden Index	72.8	76.9
Government Integrity Index	37.2	46.4
Corruption Perceptions Index	38	58
Life expectancy at birth, years	58.3	74.7
Suicide mortality rate, per 100,000 people	13.3	21.2
Mortality caused by road traffic injury, per 100,000 people	26.9	9.3
Intentional homicides, per 100,000 people	9.5	4.2
International tourism, number of arrivals	782k	1.9M

Government debt & reserves

Stat	Eswatini	Latvia
Central government debt, % of GDP	34.9%	37.6%
External debt stocks, % of GNI	10.9%	N/A
External debt stocks	$509.2M	N/A
Short-term debt, % of total reserves	5.4%	N/A
Total debt service, % of exports and primary income	2.3%	N/A
Adjusted net savings including particulate emission damage, % of GNI	0.8%	6%
Gross savings, % of GDP	22.3%	22.8%
Gross capital formation, % of GDP	13.1%	23.5%
Total reserves including gold	$440.7M	$4.4B
Foreign direct investment net inflows	$31.3M	$447M

Exports, imports and economic structure

Stat	Eswatini	Latvia
Exports of goods and services, % of GDP	40.5%	61.3%
Imports of goods and services, % of GDP	43.9%	61.5%
Current account balance (balance of payments)	$90.3M	-$211M
Revenue excluding grants, % of GDP	N/A	41.4%
Grants excluding technical cooperation, BoP	$96.1M	$148.1M
Personal remittances received	$125.7M	$1.2B
Industry including construction value added, % of GDP	32.9%	19.5%
Agriculture, forestry and fishing value added, % of GDP	8.6%	3.6%
Charges for the use of intellectual property, payments BoP	$5.3M	$64.6M
Charges for the use of intellectual property, receipts BoP	$674k	$10.6M
Expense, % of GDP	N/A	43%
Government Expenditure, % of GDP	35.2%	37.3%