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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

Table of Contents

Economy power of Iceland & Latvia

Iceland Flag svg Latvia Flag svg

Iceland vs Latvia

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Iceland Latvia
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World Rank 34 4.36 World Rank 137 1.63
Iceland is located in the North Atlantic Ocean and it is considered to be a Nordic island country. The place is well known for its volcanic and geological activity. It is also the most sparsely populated country in the entire Europe due to very small population and considerably large land area of 102,885 square kilometers. The nation is governed by President Guðni Th. Jóhannesson and Prime Minister Katrín Jakobsdóttir.  More about Iceland 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))

Iceland Latvia
Position in the ranking of countries
GDP [US$] 25,602,419,210 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))

Iceland Latvia
Position in the ranking of countries
GNI [US$] 24,377,259,095 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)

Iceland Latvia
Position in the ranking of countries
External balance [US$] -457,200,418 -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)

Iceland Latvia
Position in the ranking of countries
Unemployment [%] 6.02 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)

Iceland Latvia
Position in the ranking of countries
Population 372,520 1,884,490
Percentage of the other

Population growth (annual %)

Density

Gender

Demography