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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Armenia & Latvia

Armenia Flag svg Latvia Flag svg

Armenia vs Latvia

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Armenia Latvia
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World Rank 116 1.69 World Rank 114 1.74
The Republic of Armenia is a landlocked nation that is located in the South Caucasus region of Eurasia. There are 4 different neighbours, namely Turkey, Georgia, Azerbaijan, and Iran. However, there are also two military powers that need to be mentioned, namely the Russian peacekeeping force as well as Azerbaijan's exclave of Nakhchivan. More about Armenia The Baltic state of Latvia is one of several small nations located in the Baltic region of Northern Europe. It shares borders with Estonia, Lithuania, Russia, and Belarus. The Republic of Latvia has almost 2 million inhabitants. Its capital and the largest city is Riga. More about Latvia

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Armenia Latvia
Position in the ranking of countries
GDP [US$] 24,085,749,592 42,247,850,064
Percentage of the other

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

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(United States of America (USA))

Armenia Latvia
Position in the ranking of countries
GNI [US$] 23,434,106,610 43,719,961,550
Percentage of the other

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Armenia Latvia
Position in the ranking of countries
External balance [US$] -195,208,163 -1,579,771,309
Percentage of the other

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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(Eswatini)

Armenia Latvia
Position in the ranking of countries
Unemployment [%] 13.33 6.72
Percentage of the other

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(India)

Armenia Latvia
Position in the ranking of countries
Population 2,990,900 1,877,445
Percentage of the other

Population growth (annual %)

Density

Gender

Demography