Indonesia vs Latvia: Economic Indicators Comparison

Indonesia with a GDP of $1T ranked the 16th largest economy in the world, while Latvia ranked 100th with $34.4B. By GDP 5-years average growth and GDP per capita, Indonesia and Latvia ranked 31st vs 74th and 122nd vs 51st, respectively.

Gross Domestic Product & Income

StatIndonesiaLatvia
GDP$1T$34.4B
GDP growth, 1 year5.2%4.8%
GDP growth, 5-years average5%3.3%
Population264M1.9M
GDP per capita$3.9k$18k
GDP per capita growth3.99%5.47%
Purchasing Power Parity conversion factor4238.110.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.59
GDP per capita, PPP adjusted$13k$30k
GNI, Atlas method$1T$31.8B
GNI per capita$3.8k$17k
GNI, PPP adjusted$3.4T$57.4B
GNI per capita, PPP adjusted$13k$30k

Financial system and Human development

StatIndonesiaLatvia
Income Tax Rate30%31.4%
Corporate Tax Rate25%20%
Inflation, consumer prices3.2%2.6%
Inflation, GDP deflator3.8%4%
Unemployment4.3%7.9%
Economic Freedom Index67.271.9
Personal Freedom Index7.18.65
Human Freedom Index6.818.16
Property Rights Index59.872.3
Judical Effectiveness Index56.251.1
Business Freedom Index7077
Fiscal Health Index90.296.5
Labor Freedom Index49.272.4
Investment Freedom Index5085
Financial Freedom Index6060
Trade Freedom Index80.886.4
Monetary Freedom Index78.480.2
Government Spending Index91.758.3
Tax Burden Index83.476.9
Government Integrity Index37.246.4
Corruption Perceptions Index3858
Life expectancy at birth, years71.374.7
Suicide mortality rate, per 100,000 people3.421.2
Mortality caused by road traffic injury, per 100,000 people12.29.3
Intentional homicides, per 100,000 people0.44.2
International tourism, number of arrivals15.8M1.9M

Government debt & reserves

StatIndonesiaLatvia
Central government debt, % of GDP29.2%37.6%
External debt stocks, % of GNI37.6%N/A
External debt stocks$379.7BN/A
Short-term debt, % of total reserves39.7%N/A
Total debt service, % of exports and primary income26%N/A
Adjusted net savings including particulate emission damage, % of GNI12%6%
Gross savings, % of GDP31.6%22.8%
Gross capital formation, % of GDP34.6%23.5%
Total reserves including gold$120.7B$4.4B
Foreign direct investment net inflows$19.7B$447M

Exports, imports and economic structure

StatIndonesiaLatvia
Exports of goods and services, % of GDP21%61.3%
Imports of goods and services, % of GDP22.1%61.5%
Current account balance (balance of payments)-$31B-$211M
Revenue excluding grants, % of GDP12.2%41.4%
Grants excluding technical cooperation, BoP$696.7M$148.1M
Personal remittances received$11.2B$1.2B
Industry including construction value added, % of GDP39.7%19.5%
Agriculture, forestry and fishing value added, % of GDP12.8%3.6%
Charges for the use of intellectual property, payments BoP$1.5B$64.6M
Charges for the use of intellectual property, receipts BoP$61.2M$10.6M
Expense, % of GDP14.3%43%
Government Expenditure, % of GDP16.7%37.3%

Compare with countries close by GDP per capita

Indonesia vs

CountryGDP
per capita
Population
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
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

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