Compare the economies of the countries

Table of Contents

Economy power of Estonia & Latvia

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Estonia vs Latvia

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Estonia Latvia
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The Republic of Estonia is one of the Baltic nations located in Northern Europe. It is located on the eaterrn coast of the Baltic Sea and borders Finland across the Gulf of Finland. Besides that, they also border Sweden across the sea. In terms of standard neighbors, Latvia is located in the south. The land territory of Estonia is approximately 45,200 square kilometers, which is very low - even for the European standards. More about Estonia 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)

Estonia Latvia
Position in the ranking of countries
GDP [US$] 41,291,245,222 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

Estonia Latvia
Position in the ranking of countries
GNI [US$] 40,050,178,864 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)

Estonia Latvia
Position in the ranking of countries
External balance [US$] 353,519,696 -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)

Estonia Latvia
Position in the ranking of countries
Unemployment [%] 7.83 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)

Estonia Latvia
Position in the ranking of countries
Population 1,370,286 1,877,445
Percentage of the other

Population growth (annual %)

Density

Gender

Demography