Honduras vs Latvia: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Honduras ranked 112th with $24B. By GDP 5-years average growth and GDP per capita, Latvia and Honduras ranked 74th vs 57th and 51st vs 141st, respectively.

Gross Domestic Product & Income

StatHondurasLatvia
GDP$24B$34.4B
GDP growth, 1 year3.7%4.8%
GDP growth, 5-years average3.9%3.3%
Population9.3M1.9M
GDP per capita$2.5k$18k
GDP per capita growth2.03%5.47%
Purchasing Power Parity conversion factor11.630.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.59
GDP per capita, PPP adjusted$5.2k$30k
GNI, Atlas method$22.5B$31.8B
GNI per capita$2.4k$17k
GNI, PPP adjusted$46B$57.4B
GNI per capita, PPP adjusted$4.8k$30k

Financial system and Human development

StatHondurasLatvia
Income Tax Rate25%31.4%
Corporate Tax Rate25%20%
Inflation, consumer prices4.3%2.6%
Inflation, GDP deflator1.8%4%
Unemployment4.1%7.9%
Economic Freedom Index61.171.9
Personal Freedom Index6.958.65
Human Freedom Index7.138.16
Property Rights Index48.672.3
Judical Effectiveness Index34.251.1
Business Freedom Index56.777
Fiscal Health Index96.796.5
Labor Freedom Index31.572.4
Investment Freedom Index6585
Financial Freedom Index6060
Trade Freedom Index79.486.4
Monetary Freedom Index72.280.2
Government Spending Index78.258.3
Tax Burden Index82.376.9
Government Integrity Index28.646.4
Corruption Perceptions Index2958
Life expectancy at birth, years74.974.7
Suicide mortality rate, per 100,000 people2.921.2
Mortality caused by road traffic injury, per 100,000 people16.79.3
Intentional homicides, per 100,000 people41.74.2
International tourism, number of arrivals851k1.9M

Government debt & reserves

StatHondurasLatvia
Central government debt, % of GDP40.3%37.6%
External debt stocks, % of GNI43.7%N/A
External debt stocks$9.7BN/A
Short-term debt, % of total reserves14.7%N/A
Total debt service, % of exports and primary income28.1%N/A
Adjusted net savings including particulate emission damage, % of GNI19.5%6%
Gross savings, % of GDP20.8%22.8%
Gross capital formation, % of GDP25.5%23.5%
Total reserves including gold$4.8B$4.4B
Foreign direct investment net inflows$1.4B$447M

Exports, imports and economic structure

StatHondurasLatvia
Exports of goods and services, % of GDP41.8%61.3%
Imports of goods and services, % of GDP60.4%61.5%
Current account balance (balance of payments)-$1.3B-$211M
Revenue excluding grants, % of GDP23.4%41.4%
Grants excluding technical cooperation, BoP$302.7M$148.1M
Personal remittances received$4.8B$1.2B
Industry including construction value added, % of GDP26.8%19.5%
Agriculture, forestry and fishing value added, % of GDP11.8%3.6%
Charges for the use of intellectual property, payments BoP$57.8M$64.6M
Charges for the use of intellectual property, receipts BoP$811k$10.6M
Expense, % of GDP22%43%
Government Expenditure, % of GDP26.9%37.3%

Compare with countries close by GDP per capita

Honduras vs

CountryGDP
per capita
Population
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k

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