Guyana vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Guyana ranked 162nd with $3.9B. By GDP 5-years average growth and GDP per capita, Latvia and Guyana ranked 74th vs 82nd and 51st vs 108th, respectively.

Gross Domestic Product & Income

Stat	Guyana	Latvia
GDP	$3.9B	$34.4B
GDP growth, 1 year	3.4%	4.8%
GDP growth, 5-years average	3.2%	3.3%
Population	778k	1.9M
GDP per capita	$5k	$18k
GDP per capita growth	3.59%	5.47%
Purchasing Power Parity conversion factor	119.69	0.5
Price level ratio of PPP conversion factor GDP to market exchange rate	0.58	0.59
GDP per capita, PPP adjusted	$8.5k	$30k
GNI, Atlas method	$3.7B	$31.8B
GNI per capita	$4.8k	$17k
GNI, PPP adjusted	$6.6B	$57.4B
GNI per capita, PPP adjusted	$8.4k	$30k

Financial system and Human development

Stat	Guyana	Latvia
Income Tax Rate	33.3%	31.4%
Corporate Tax Rate	40%	20%
Inflation, consumer prices	1.3%	2.6%
Inflation, GDP deflator	5.4%	4%
Unemployment	12.2%	7.9%
Economic Freedom Index	56.2	71.9
Personal Freedom Index	6.92	8.65
Human Freedom Index	6.68	8.16
Property Rights Index	53.6	72.3
Judical Effectiveness Index	42.6	51.1
Business Freedom Index	58.9	77
Fiscal Health Index	58.6	96.5
Labor Freedom Index	62.1	72.4
Investment Freedom Index	55	85
Financial Freedom Index	30	60
Trade Freedom Index	66.8	86.4
Monetary Freedom Index	82.5	80.2
Government Spending Index	64.4	58.3
Tax Burden Index	66	76.9
Government Integrity Index	34.1	46.4
Corruption Perceptions Index	37	58
Life expectancy at birth, years	69.6	74.7
Suicide mortality rate, per 100,000 people	29.2	21.2
Mortality caused by road traffic injury, per 100,000 people	24.6	9.3
Intentional homicides, per 100,000 people	14.8	4.2
International tourism, number of arrivals	287k	1.9M

Government debt & reserves

Stat	Guyana	Latvia
Central government debt, % of GDP	57%	37.6%
External debt stocks, % of GNI	44.6%	N/A
External debt stocks	$1.6B	N/A
Short-term debt, % of total reserves	24.1%	N/A
Total debt service, % of exports and primary income	5%	N/A
Adjusted net savings including particulate emission damage, % of GNI	14.1%	6%
Gross savings, % of GDP	35.3%	22.8%
Gross capital formation, % of GDP	37.5%	23.5%
Total reserves including gold	$518.5M	$4.4B
Foreign direct investment net inflows	$1.2B	$447M

Exports, imports and economic structure

Stat	Guyana	Latvia
Exports of goods and services, % of GDP	35.5%	61.3%
Imports of goods and services, % of GDP	47.1%	61.5%
Current account balance (balance of payments)	-$1.1B	-$211M
Revenue excluding grants, % of GDP	N/A	41.4%
Grants excluding technical cooperation, BoP	$43.5M	$148.1M
Personal remittances received	$333.7M	$1.2B
Industry including construction value added, % of GDP	35.2%	19.5%
Agriculture, forestry and fishing value added, % of GDP	12.7%	3.6%
Charges for the use of intellectual property, payments BoP	$5.3M	$64.6M
Charges for the use of intellectual property, receipts BoP	$169k	$10.6M
Expense, % of GDP	N/A	43%
Government Expenditure, % of GDP	34.5%	37.3%