Iran vs Latvia: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Iran |  Latvia |
|---|---|---|
| GDP | $454B | $34.4B |
| GDP growth, 1 year | -3.9% | 4.8% |
| GDP growth, 5-years average | 2.8% | 3.3% |
| Population | 80M | 1.9M |
| GDP per capita | $5.6k | $18k |
| GDP per capita growth | 2.33% | 5.47% |
| Purchasing Power Parity conversion factor | 9035.96 | 0.5 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.27 | 0.59 |
| GDP per capita, PPP adjusted | $20k | $30k |
| GNI, Atlas method | $441B | $31.8B |
| GNI per capita | $5.5k | $17k |
| GNI, PPP adjusted | $1.7T | $57.4B |
| GNI per capita, PPP adjusted | $21k | $30k |
Financial system and Human development
| Stat | Iran | Latvia |
|---|---|---|
| Income Tax Rate | 35% | 31.4% |
| Corporate Tax Rate | 25% | 20% |
| Inflation, consumer prices | 31.2% | 2.6% |
| Inflation, GDP deflator | 12.2% | 4% |
| Unemployment | 12% | 7.9% |
| Economic Freedom Index | 49.2 | 71.9 |
| Personal Freedom Index | 4.83 | 8.65 |
| Human Freedom Index | 5.29 | 8.16 |
| Property Rights Index | 36.9 | 72.3 |
| Judical Effectiveness Index | 37.1 | 51.1 |
| Business Freedom Index | 57.3 | 77 |
| Fiscal Health Index | 86.5 | 96.5 |
| Labor Freedom Index | 50.7 | 72.4 |
| Investment Freedom Index | 5 | 85 |
| Financial Freedom Index | 10 | 60 |
| Trade Freedom Index | 54.6 | 86.4 |
| Monetary Freedom Index | 49 | 80.2 |
| Government Spending Index | 89.2 | 58.3 |
| Tax Burden Index | 81 | 76.9 |
| Government Integrity Index | 33.5 | 46.4 |
| Corruption Perceptions Index | 28 | 58 |
| Life expectancy at birth, years | 76.3 | 74.7 |
| Suicide mortality rate, per 100,000 people | 4.1 | 21.2 |
| Mortality caused by road traffic injury, per 100,000 people | 20.5 | 9.3 |
| Intentional homicides, per 100,000 people | 2.5 | 4.2 |
| International tourism, number of arrivals | 7.3M | 1.9M |
Government debt & reserves
| Stat | Iran | Latvia |
|---|---|---|
| Central government debt, % of GDP | 33.2% | 37.6% |
| External debt stocks, % of GNI | 1.5% | N/A |
| External debt stocks | $6.3B | N/A |
| Short-term debt, % of total reserves | 62.1% | N/A |
| Total debt service, % of exports and primary income | 0.8% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 8.2% | 6% |
| Gross savings, % of GDP | 37.7% | 22.8% |
| Gross capital formation, % of GDP | 34.7% | 23.5% |
| Total reserves including gold | $7.7B | $4.4B |
| Foreign direct investment net inflows | $3.5B | $447M |
Exports, imports and economic structure
| Stat | Iran | Latvia |
|---|---|---|
| Exports of goods and services, % of GDP | 24.9% | 61.3% |
| Imports of goods and services, % of GDP | 23.8% | 61.5% |
| Current account balance (balance of payments) | $12.5B | -$211M |
| Revenue excluding grants, % of GDP | 25.4% | 41.4% |
| Grants excluding technical cooperation, BoP | $65M | $148.1M |
| Personal remittances received | $1.3B | $1.2B |
| Industry including construction value added, % of GDP | 34.9% | 19.5% |
| Agriculture, forestry and fishing value added, % of GDP | 9.5% | 3.6% |
| Charges for the use of intellectual property, payments BoP | N/A | $64.6M |
| Charges for the use of intellectual property, receipts BoP | N/A | $10.6M |
| Expense, % of GDP | 19.6% | 43% |
| Government Expenditure, % of GDP | 19% | 37.3% |
