Compare the economies of the countries

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Economy power of Italy & Latvia

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Italy vs Latvia

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Italy Latvia
World map with selected countries highlighted.
The Italian Republic is one of the largest and most important nations in Europe. Its borders are mostly determined by natural obstacles in the forms of the Alps from the north. There are three different seas in other directions, such as Adriatic, Ionian, and Tyrrhenian seas. Interestingly, though the city of Rome is most populous in the country, the region of Lombardy with the regional capital city of Milan has the greatest number of population out of all other Italian regions. More about Italy 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)

Italy Latvia
Position in the ranking of countries
GDP [US$] 2,107,702,842,669 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

Italy Latvia
Position in the ranking of countries
GNI [US$] 2,145,466,912,852 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)

Italy Latvia
Position in the ranking of countries
External balance [US$] 49,667,760,033 -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)

Italy Latvia
Position in the ranking of countries
Unemployment [%] 9.50 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)

Italy Latvia
Position in the ranking of countries
Population 59,109,668 1,884,490
Percentage of the other

Population growth (annual %)

Density

Gender

Demography