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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Austria & Latvia

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Austria vs Latvia

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Austria Latvia
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World Rank 29 4.75 World Rank 137 1.63
The Republic of Austria is a country located on the terrain of Eastern Alps. As a result, the nation is part of Central Europe. As in the case of Germany, Austria is composed of nine federated states. The land area of Austria covers almost 84.000 square kilometers, which is one of the smallest regions in Europe. Interestingly, the official language in Austria is German. But in most informal situations the citizens speak Bavarian dialects. More about Austria 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))

Austria Latvia
Position in the ranking of countries 29 (2021) 88 (2021)
GDP [US$] 480,368,403,893 39,853,501,579
Percentage of the other 1205.3 % 8.3 %

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))

Austria Latvia
Position in the ranking of countries 25 (2021) 86 (2021)
GNI [US$] 482,527,650,085 39,119,352,197
Percentage of the other 1233.5 % 8.1 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Austria Latvia
Position in the ranking of countries 42 (2021) 101 (2021)
External balance [US$] 2,778,091,404 -1,365,012,419
Percentage of the other -203.5 % -49.1 %

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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(South Africa)

Austria Latvia
Position in the ranking of countries 42 (2021) 101 (2021)
Unemployment [%] 6.18 7.51
Percentage of the other 82.3 % 121.5 %

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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(China)

Austria Latvia
Position in the ranking of countries 96 (2021) 145 (2021)
Population 8,955,797 1,884,490
Percentage of the other 475.2 % 21 %

Population growth (annual %)

Density

Gender

Demography