Kazakhstan vs Latvia: Economic Indicators Comparison

Kazakhstan with a GDP of $179.3B ranked the 55th largest economy in the world, while Latvia ranked 100th with $34.4B. By GDP 5-years average growth and GDP per capita, Kazakhstan and Latvia ranked 95th vs 74th and 75th vs 51st, respectively.

Gross Domestic Product & Income

StatKazakhstanLatvia
GDP$179.3B$34.4B
GDP growth, 1 year4.1%4.8%
GDP growth, 5-years average2.9%3.3%
Population18.3M1.9M
GDP per capita$9.8k$18k
GDP per capita growth2.74%5.47%
Purchasing Power Parity conversion factor121.320.5
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.59
GDP per capita, PPP adjusted$28k$30k
GNI, Atlas method$147.6B$31.8B
GNI per capita$8.1k$17k
GNI, PPP adjusted$446.9B$57.4B
GNI per capita, PPP adjusted$24k$30k

Financial system and Human development

StatKazakhstanLatvia
Income Tax Rate10%31.4%
Corporate Tax Rate20%20%
Inflation, consumer prices6%2.6%
Inflation, GDP deflator9.2%4%
Unemployment4.9%7.9%
Economic Freedom Index69.671.9
Personal Freedom Index6.878.65
Human Freedom Index6.918.16
Property Rights Index61.372.3
Judical Effectiveness Index62.151.1
Business Freedom Index74.677
Fiscal Health Index84.196.5
Labor Freedom Index8672.4
Investment Freedom Index5085
Financial Freedom Index5060
Trade Freedom Index80.286.4
Monetary Freedom Index68.180.2
Government Spending Index85.558.3
Tax Burden Index92.376.9
Government Integrity Index40.946.4
Corruption Perceptions Index3158
Life expectancy at birth, years7374.7
Suicide mortality rate, per 100,000 people22.521.2
Mortality caused by road traffic injury, per 100,000 people17.69.3
Intentional homicides, per 100,000 people54.2
International tourism, number of arrivals8.8M1.9M

Government debt & reserves

StatKazakhstanLatvia
Central government debt, % of GDP21.9%37.6%
External debt stocks, % of GNI105.7%N/A
External debt stocks$156.9BN/A
Short-term debt, % of total reserves27%N/A
Total debt service, % of exports and primary income48.3%N/A
Adjusted net savings including particulate emission damage, % of GNI5.8%6%
Gross savings, % of GDP30.2%22.8%
Gross capital formation, % of GDP23.8%23.5%
Total reserves including gold$31B$4.4B
Foreign direct investment net inflows$213.8M$447M

Exports, imports and economic structure

StatKazakhstanLatvia
Exports of goods and services, % of GDP37.5%61.3%
Imports of goods and services, % of GDP25.3%61.5%
Current account balance (balance of payments)-$288.9M-$211M
Revenue excluding grants, % of GDP16%41.4%
Grants excluding technical cooperation, BoP$90.9M$148.1M
Personal remittances received$618M$1.2B
Industry including construction value added, % of GDP33.5%19.5%
Agriculture, forestry and fishing value added, % of GDP4.4%3.6%
Charges for the use of intellectual property, payments BoP$167.7M$64.6M
Charges for the use of intellectual property, receipts BoP$912k$10.6M
Expense, % of GDP14.7%43%
Government Expenditure, % of GDP22%37.3%

Compare with countries close by GDP per capita

Kazakhstan vs

CountryGDP
per capita
Population
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
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M

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