Iran vs Latvia: Economic Indicators Comparison

Iran with a GDP of $454B ranked the 29th largest economy in the world, while Latvia ranked 100th with $34.4B. By GDP 5-years average growth and GDP per capita, Iran and Latvia ranked 102nd vs 74th and 105th vs 51st, respectively.

Gross Domestic Product & Income

StatIranLatvia
GDP$454B$34.4B
GDP growth, 1 year-3.9%4.8%
GDP growth, 5-years average2.8%3.3%
Population80M1.9M
GDP per capita$5.6k$18k
GDP per capita growth2.33%5.47%
Purchasing Power Parity conversion factor9035.960.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.59
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

StatIranLatvia
Income Tax Rate35%31.4%
Corporate Tax Rate25%20%
Inflation, consumer prices31.2%2.6%
Inflation, GDP deflator12.2%4%
Unemployment12%7.9%
Economic Freedom Index49.271.9
Personal Freedom Index4.838.65
Human Freedom Index5.298.16
Property Rights Index36.972.3
Judical Effectiveness Index37.151.1
Business Freedom Index57.377
Fiscal Health Index86.596.5
Labor Freedom Index50.772.4
Investment Freedom Index585
Financial Freedom Index1060
Trade Freedom Index54.686.4
Monetary Freedom Index4980.2
Government Spending Index89.258.3
Tax Burden Index8176.9
Government Integrity Index33.546.4
Corruption Perceptions Index2858
Life expectancy at birth, years76.374.7
Suicide mortality rate, per 100,000 people4.121.2
Mortality caused by road traffic injury, per 100,000 people20.59.3
Intentional homicides, per 100,000 people2.54.2
International tourism, number of arrivals7.3M1.9M

Government debt & reserves

StatIranLatvia
Central government debt, % of GDP33.2%37.6%
External debt stocks, % of GNI1.5%N/A
External debt stocks$6.3BN/A
Short-term debt, % of total reserves62.1%N/A
Total debt service, % of exports and primary income0.8%N/A
Adjusted net savings including particulate emission damage, % of GNI8.2%6%
Gross savings, % of GDP37.7%22.8%
Gross capital formation, % of GDP34.7%23.5%
Total reserves including gold$7.7B$4.4B
Foreign direct investment net inflows$3.5B$447M

Exports, imports and economic structure

StatIranLatvia
Exports of goods and services, % of GDP24.9%61.3%
Imports of goods and services, % of GDP23.8%61.5%
Current account balance (balance of payments)$12.5B-$211M
Revenue excluding grants, % of GDP25.4%41.4%
Grants excluding technical cooperation, BoP$65M$148.1M
Personal remittances received$1.3B$1.2B
Industry including construction value added, % of GDP34.9%19.5%
Agriculture, forestry and fishing value added, % of GDP9.5%3.6%
Charges for the use of intellectual property, payments BoPN/A$64.6M
Charges for the use of intellectual property, receipts BoPN/A$10.6M
Expense, % of GDP19.6%43%
Government Expenditure, % of GDP19%37.3%

Compare with countries close by GDP per capita

Iran vs

CountryGDP
per capita
Population
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Jamaica
$5.4k
2.89M
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

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