Haiti vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Haiti ranked 144th with $9.7B. By GDP 5-years average growth and GDP per capita, Latvia and Haiti ranked 74th vs 145th and 51st vs 176th, respectively.

Gross Domestic Product & Income

StatHaitiLatvia
GDP$9.7B$34.4B
GDP growth, 1 year1.5%4.8%
GDP growth, 5-years average1.6%3.3%
Population11M1.9M
GDP per capita$868$18k
GDP per capita growth0.2%5.47%
Purchasing Power Parity conversion factor30.430.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.470.59
GDP per capita, PPP adjusted$1.9k$30k
GNI, Atlas method$8.9B$31.8B
GNI per capita$800$17k
GNI, PPP adjusted$20.9B$57.4B
GNI per capita, PPP adjusted$1.9k$30k

Financial system and Human development

StatHaitiLatvia
Income Tax Rate30%31.4%
Corporate Tax Rate30%20%
Inflation, consumer prices13.5%2.6%
Inflation, GDP deflator12.8%4%
Unemployment13.5%7.9%
Economic Freedom Index52.371.9
Personal Freedom Index7.338.65
Human Freedom Index7.048.16
Property Rights Index16.472.3
Judical Effectiveness Index23.351.1
Business Freedom Index33.677
Fiscal Health Index96.396.5
Labor Freedom Index62.372.4
Investment Freedom Index4585
Financial Freedom Index3060
Trade Freedom Index6786.4
Monetary Freedom Index61.580.2
Government Spending Index89.458.3
Tax Burden Index80.276.9
Government Integrity Index22.346.4
Corruption Perceptions Index2058
Life expectancy at birth, years63.374.7
Suicide mortality rate, per 100,000 people11.721.2
Mortality caused by road traffic injury, per 100,000 people15.19.3
Intentional homicides, per 100,000 people104.2
International tourism, number of arrivals447k1.9M

Government debt & reserves

StatHaitiLatvia
Central government debt, % of GDP33%37.6%
External debt stocks, % of GNI22.8%N/A
External debt stocks$2.2BN/A
Short-term debt, % of total reserves0%N/A
Total debt service, % of exports and primary income1.2%N/A
Adjusted net savings including particulate emission damage, % of GNI17.6%6%
Gross savings, % of GDP24.4%22.8%
Gross capital formation, % of GDP29%23.5%
Total reserves including gold$2.4B$4.4B
Foreign direct investment net inflows$105M$447M

Exports, imports and economic structure

StatHaitiLatvia
Exports of goods and services, % of GDP17.1%61.3%
Imports of goods and services, % of GDP58.5%61.5%
Current account balance (balance of payments)-$343M-$211M
Revenue excluding grants, % of GDPN/A41.4%
Grants excluding technical cooperation, BoP$790.3M$148.1M
Personal remittances received$3.1B$1.2B
Industry including construction value added, % of GDP66.2%19.5%
Agriculture, forestry and fishing value added, % of GDP18.9%3.6%
Charges for the use of intellectual property, payments BoP$577k$64.6M
Charges for the use of intellectual property, receipts BoP$25.3M$10.6M
Expense, % of GDPN/A43%
Government Expenditure, % of GDP18.8%37.3%

Compare with countries close by GDP per capita

Haiti vs

CountryGDP
per capita
Population
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
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
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
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

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