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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Latvia & Luxembourg

Latvia Flag svg Luxembourg Flag svg

Latvia vs Luxembourg

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Latvia Luxembourg
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World Rank 114 1.74 World Rank 24 6.18
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 The Grand Duchy of Luxembourg is a nation situated in the centre of Western part of Europe. It is a landlocked country with such border partners as Belgium, Germany, and France. The capital of the state is Luxembourg city and it is considered to be one of the four official capitals of the European Union (three others are Brussels, Frankfurt, and Strasbourg).  More about Luxembourg

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Latvia Luxembourg
Position in the ranking of countries
GDP [US$] 42,247,850,064 85,755,006,123
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))

Latvia Luxembourg
Position in the ranking of countries
GNI [US$] 43,719,961,550 55,813,004,025
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)

Latvia Luxembourg
Position in the ranking of countries
External balance [US$] -1,579,771,309 26,447,309,455
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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(Eswatini)

Latvia Luxembourg
Position in the ranking of countries
Unemployment [%] 6.72 5.94
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)

Latvia Luxembourg
Position in the ranking of countries
Population 1,877,445 666,430
Percentage of the other

Population growth (annual %)

Density

Gender

Demography