Latvia vs Maldives: Economic Indicators Comparison
Gross Domestic Product & Income
Stat | Latvia | Maldives |
---|---|---|
GDP | $34.4B | $5.3B |
GDP growth, 1 year | 4.8% | 7% |
GDP growth, 5-years average | 3.3% | 6.3% |
Population | 1.9M | 436k |
GDP per capita | $18k | $10k |
GDP per capita growth | 5.47% | 2.89% |
Purchasing Power Parity conversion factor | 0.5 | 10.39 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 0.59 | 0.67 |
GDP per capita, PPP adjusted | $30k | $22k |
GNI, Atlas method | $31.8B | $4.8B |
GNI per capita | $17k | $9.3k |
GNI, PPP adjusted | $57.4B | $7.3B |
GNI per capita, PPP adjusted | $30k | $14k |
Financial system and Human development
Stat | Latvia | Maldives |
---|---|---|
Income Tax Rate | 31.4% | 0% |
Corporate Tax Rate | 20% | 0% |
Inflation, consumer prices | 2.6% | 1.5% |
Inflation, GDP deflator | 4% | 5.3% |
Unemployment | 7.9% | 6.1% |
Economic Freedom Index | 71.9 | 56.5 |
Personal Freedom Index | 8.65 | 7.2 |
Human Freedom Index | 8.16 | 7.1 |
Property Rights Index | 72.3 | 48.5 |
Judical Effectiveness Index | 51.1 | 31.7 |
Business Freedom Index | 77 | 78.7 |
Fiscal Health Index | 96.5 | 42.9 |
Labor Freedom Index | 72.4 | 70.6 |
Investment Freedom Index | 85 | 35 |
Financial Freedom Index | 60 | 30 |
Trade Freedom Index | 86.4 | 61 |
Monetary Freedom Index | 80.2 | 77 |
Government Spending Index | 58.3 | 67.9 |
Tax Burden Index | 76.9 | 95.8 |
Government Integrity Index | 46.4 | 39.2 |
Corruption Perceptions Index | 58 | 31 |
Life expectancy at birth, years | 74.7 | 78.3 |
Suicide mortality rate, per 100,000 people | 21.2 | 2.3 |
Mortality caused by road traffic injury, per 100,000 people | 9.3 | 0.9 |
Intentional homicides, per 100,000 people | 4.2 | 0.8 |
International tourism, number of arrivals | 1.9M | 1.5M |
Government debt & reserves
Stat | Latvia | Maldives |
---|---|---|
Central government debt, % of GDP | 37.6% | 61.5% |
External debt stocks, % of GNI | N/A | 48% |
External debt stocks | N/A | $2.3B |
Short-term debt, % of total reserves | N/A | 36.4% |
Total debt service, % of exports and primary income | N/A | 9.2% |
Adjusted net savings including particulate emission damage, % of GNI | 6% | N/A |
Gross savings, % of GDP | 22.8% | N/A |
Gross capital formation, % of GDP | 23.5% | N/A |
Total reserves including gold | $4.4B | $722.1M |
Foreign direct investment net inflows | $447M | $538.5M |
Exports, imports and economic structure
Stat | Latvia | Maldives |
---|---|---|
Exports of goods and services, % of GDP | 61.3% | 69.1% |
Imports of goods and services, % of GDP | 61.5% | 77.2% |
Current account balance (balance of payments) | -$211M | -$1.4B |
Revenue excluding grants, % of GDP | 41.4% | 25.7% |
Grants excluding technical cooperation, BoP | $148.1M | $72.6M |
Personal remittances received | $1.2B | $4.2M |
Industry including construction value added, % of GDP | 19.5% | 12.9% |
Agriculture, forestry and fishing value added, % of GDP | 3.6% | 5.6% |
Charges for the use of intellectual property, payments BoP | $64.6M | $3.5M |
Charges for the use of intellectual property, receipts BoP | $10.6M | $5.6M |
Expense, % of GDP | 43% | 25.1% |
Government Expenditure, % of GDP | 37.3% | 32.7% |