Ethiopia vs Latvia: Economic Indicators Comparison

Ethiopia with a GDP of $84.4B ranked the 68th largest economy in the world, while Latvia ranked 100th with $34.4B. By GDP 5-years average growth and GDP per capita, Ethiopia and Latvia ranked 2nd vs 74th and 181st vs 51st, respectively.

Gross Domestic Product & Income

StatEthiopiaLatvia
GDP$84.4B$34.4B
GDP growth, 1 year7.7%4.8%
GDP growth, 5-years average9.3%3.3%
Population105M1.9M
GDP per capita$772$18k
GDP per capita growth4.05%5.47%
Purchasing Power Parity conversion factor9.970.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.380.59
GDP per capita, PPP adjusted$2.3k$30k
GNI, Atlas method$86.7B$31.8B
GNI per capita$790$17k
GNI, PPP adjusted$219.4B$57.4B
GNI per capita, PPP adjusted$2k$30k

Financial system and Human development

StatEthiopiaLatvia
Income Tax Rate35%31.4%
Corporate Tax Rate30%20%
Inflation, consumer prices13.8%2.6%
Inflation, GDP deflator12.5%4%
Unemployment1.8%7.9%
Economic Freedom Index53.671.9
Personal Freedom Index5.448.65
Human Freedom Index5.338.16
Property Rights Index36.572.3
Judical Effectiveness Index45.151.1
Business Freedom Index48.677
Fiscal Health Index79.296.5
Labor Freedom Index57.672.4
Investment Freedom Index3585
Financial Freedom Index2060
Trade Freedom Index60.886.4
Monetary Freedom Index62.780.2
Government Spending Index90.858.3
Tax Burden Index77.476.9
Government Integrity Index29.446.4
Corruption Perceptions Index3458
Life expectancy at birth, years65.974.7
Suicide mortality rate, per 100,000 people7.221.2
Mortality caused by road traffic injury, per 100,000 people26.79.3
Intentional homicides, per 100,000 people7.64.2
International tourism, number of arrivals849k1.9M

Government debt & reserves

StatEthiopiaLatvia
Central government debt, % of GDP61.1%37.6%
External debt stocks, % of GNI33.4%N/A
External debt stocks$28BN/A
Short-term debt, % of total reserves18.8%N/A
Total debt service, % of exports and primary income20.8%N/A
Adjusted net savings including particulate emission damage, % of GNI9.3%6%
Gross savings, % of GDP33.2%22.8%
Gross capital formation, % of GDP34.1%23.5%
Total reserves including gold$4B$4.4B
Foreign direct investment net inflows$3.4B$447M

Exports, imports and economic structure

StatEthiopiaLatvia
Exports of goods and services, % of GDP8.4%61.3%
Imports of goods and services, % of GDP22.8%61.5%
Current account balance (balance of payments)-$4.6B-$211M
Revenue excluding grants, % of GDP9%41.4%
Grants excluding technical cooperation, BoP$2.4B$148.1M
Personal remittances received$436.3M$1.2B
Industry including construction value added, % of GDP27.3%19.5%
Agriculture, forestry and fishing value added, % of GDP31.2%3.6%
Charges for the use of intellectual property, payments BoP$26.7M$64.6M
Charges for the use of intellectual property, receipts BoP$7.8M$10.6M
Expense, % of GDP10.8%43%
Government Expenditure, % of GDP17.5%37.3%

Compare with countries close by GDP per capita

Ethiopia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
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
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