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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Germany & Latvia

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Germany vs Latvia

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Germany Latvia
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World Rank 5 16.43 World Rank 137 1.63
The most powerful country in Europe and the most populated one. The Germans have always been a great power, and their story started more than 2000 years ago. The name itself comes from the Latin Germania. However, it is important to notice that the German term, Deutschland, literally means the German lands and comes from the original “diutisciu land”. More about Germany 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))

Germany Latvia
Position in the ranking of countries
GDP [US$] 4,259,934,911,821 39,853,501,579
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))

Germany Latvia
Position in the ranking of countries
GNI [US$] 4,411,027,620,953 39,119,352,197
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)

Germany Latvia
Position in the ranking of countries
External balance [US$] 226,557,454,616 -1,365,012,419
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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(South Africa)

Germany Latvia
Position in the ranking of countries
Unemployment [%] 3.57 7.51
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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(China)

Germany Latvia
Position in the ranking of countries
Population 83,196,078 1,884,490
Percentage of the other

Population growth (annual %)

Density

Gender

Demography