Latvia vs Uganda: Economic Indicators Comparison

Latvia with a GDP of $34.4B ranked the 100th largest economy in the world, while Uganda ranked 104th with $27.5B. By GDP 5-years average growth and GDP per capita, Latvia and Uganda ranked 74th vs 41st and 51st vs 187th, respectively.

Gross Domestic Product & Income

StatLatviaUganda
GDP$34.4B$27.5B
GDP growth, 1 year4.8%6.2%
GDP growth, 5-years average3.3%4.7%
Population1.9M42.9M
GDP per capita$18k$643
GDP per capita growth5.47%2.27%
Purchasing Power Parity conversion factor0.51153.9
Price level ratio of PPP conversion factor GDP to market exchange rate0.590.32
GDP per capita, PPP adjusted$30k$2.5k
GNI, Atlas method$31.8B$26.7B
GNI per capita$17k$620
GNI, PPP adjusted$57.4B$84.3B
GNI per capita, PPP adjusted$30k$2k

Financial system and Human development

StatLatviaUganda
Income Tax Rate31.4%30%
Corporate Tax Rate20%30%
Inflation, consumer prices2.6%2.6%
Inflation, GDP deflator4%3.2%
Unemployment7.9%1.7%
Economic Freedom Index71.959.5
Personal Freedom Index8.655.6
Human Freedom Index8.166.4
Property Rights Index72.345.6
Judical Effectiveness Index51.136.9
Business Freedom Index7746
Fiscal Health Index96.564.3
Labor Freedom Index72.483.1
Investment Freedom Index8555
Financial Freedom Index6040
Trade Freedom Index86.475.4
Monetary Freedom Index80.278
Government Spending Index58.388.4
Tax Burden Index76.980.3
Government Integrity Index46.421.4
Corruption Perceptions Index5826
Life expectancy at birth, years74.762.5
Suicide mortality rate, per 100,000 people21.29.9
Mortality caused by road traffic injury, per 100,000 people9.329
Intentional homicides, per 100,000 people4.211
International tourism, number of arrivals1.9M1.4M

Government debt & reserves

StatLatviaUganda
Central government debt, % of GDP37.6%42.2%
External debt stocks, % of GNIN/A46.3%
External debt stocksN/A$12.3B
Short-term debt, % of total reservesN/A15.2%
Total debt service, % of exports and primary incomeN/A12.2%
Adjusted net savings including particulate emission damage, % of GNI6%-9.5%
Gross savings, % of GDP22.8%18.3%
Gross capital formation, % of GDP23.5%25%
Total reserves including gold$4.4B$3.4B
Foreign direct investment net inflows$447M$1.3B

Exports, imports and economic structure

StatLatviaUganda
Exports of goods and services, % of GDP61.3%19.5%
Imports of goods and services, % of GDP61.5%28.7%
Current account balance (balance of payments)-$211M-$2.6B
Revenue excluding grants, % of GDP41.4%15%
Grants excluding technical cooperation, BoP$148.1M$1.4B
Personal remittances received$1.2B$1.2B
Industry including construction value added, % of GDP19.5%19.9%
Agriculture, forestry and fishing value added, % of GDP3.6%24.2%
Charges for the use of intellectual property, payments BoP$64.6M$11M
Charges for the use of intellectual property, receipts BoP$10.6M$10.4M
Expense, % of GDP43%14.2%
Government Expenditure, % of GDP37.3%19.7%

Compare with countries close by GDP per capita

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

Uganda vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M