Guinea vs Latvia: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Guinea |  Latvia |
|---|---|---|
| GDP | $10.9B | $34.4B |
| GDP growth, 1 year | 5.8% | 4.8% |
| GDP growth, 5-years average | 6.7% | 3.3% |
| Population | 12.7M | 1.9M |
| GDP per capita | $879 | $18k |
| GDP per capita growth | 3.2% | 5.47% |
| Purchasing Power Parity conversion factor | 3160.71 | 0.5 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.35 | 0.59 |
| GDP per capita, PPP adjusted | $2.3k | $30k |
| GNI, Atlas method | $10.6B | $31.8B |
| GNI per capita | $850 | $17k |
| GNI, PPP adjusted | $30.6B | $57.4B |
| GNI per capita, PPP adjusted | $2.5k | $30k |
Financial system and Human development
| Stat | Guinea | Latvia |
|---|---|---|
| Income Tax Rate | 40% | 31.4% |
| Corporate Tax Rate | 35% | 20% |
| Inflation, consumer prices | 9.7% | 2.6% |
| Inflation, GDP deflator | -1.3% | 4% |
| Unemployment | 3.6% | 7.9% |
| Economic Freedom Index | 56.5 | 71.9 |
| Personal Freedom Index | 5.95 | 8.65 |
| Human Freedom Index | 5.68 | 8.16 |
| Property Rights Index | 38.7 | 72.3 |
| Judical Effectiveness Index | 33.3 | 51.1 |
| Business Freedom Index | 55.4 | 77 |
| Fiscal Health Index | 93.8 | 96.5 |
| Labor Freedom Index | 58 | 72.4 |
| Investment Freedom Index | 50 | 85 |
| Financial Freedom Index | 40 | 60 |
| Trade Freedom Index | 60.4 | 86.4 |
| Monetary Freedom Index | 70.6 | 80.2 |
| Government Spending Index | 91.4 | 58.3 |
| Tax Burden Index | 70 | 76.9 |
| Government Integrity Index | 16.1 | 46.4 |
| Corruption Perceptions Index | 28 | 58 |
| Life expectancy at birth, years | 60.7 | 74.7 |
| Suicide mortality rate, per 100,000 people | 6.3 | 21.2 |
| Mortality caused by road traffic injury, per 100,000 people | 28.2 | 9.3 |
| Intentional homicides, per 100,000 people | 8.8 | 4.2 |
| International tourism, number of arrivals | 99k | 1.9M |
Government debt & reserves
| Stat | Guinea | Latvia |
|---|---|---|
| Central government debt, % of GDP | 38.7% | 37.6% |
| External debt stocks, % of GNI | 24.6% | N/A |
| External debt stocks | $2.6B | N/A |
| Short-term debt, % of total reserves | 12.4% | N/A |
| Total debt service, % of exports and primary income | 2.2% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | -6.5% | 6% |
| Gross savings, % of GDP | 3.1% | 22.8% |
| Gross capital formation, % of GDP | 18.9% | 23.5% |
| Total reserves including gold | $1.2B | $4.4B |
| Foreign direct investment net inflows | $352.8M | $447M |
Exports, imports and economic structure
| Stat | Guinea | Latvia |
|---|---|---|
| Exports of goods and services, % of GDP | 37.6% | 61.3% |
| Imports of goods and services, % of GDP | 53% | 61.5% |
| Current account balance (balance of payments) | -$190.5M | -$211M |
| Revenue excluding grants, % of GDP | 12.1% | 41.4% |
| Grants excluding technical cooperation, BoP | $367.3M | $148.1M |
| Personal remittances received | $28.4M | $1.2B |
| Industry including construction value added, % of GDP | 24.8% | 19.5% |
| Agriculture, forestry and fishing value added, % of GDP | 24.3% | 3.6% |
| Charges for the use of intellectual property, payments BoP | $620k | $64.6M |
| Charges for the use of intellectual property, receipts BoP | -$1.5M | $10.6M |
| Expense, % of GDP | 9.4% | 43% |
| Government Expenditure, % of GDP | 16.9% | 37.3% |
