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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Latvia & Madagascar

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Latvia vs Madagascar

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Latvia Madagascar
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World Rank 137 1.63 World Rank 91 2.16
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 Republic of Madagascar was previously known as the Malagasy republic. It is the second-largest island country in the world with a total land coverage of around 592,800 square kilometers. The nation itself owns several smaller islands around it, but the island of Madagascar is its mainland and most populated region. More about Madagascar

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Latvia Madagascar
Position in the ranking of countries
GDP [US$] 39,853,501,579 14,472,603,322
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 Madagascar
Position in the ranking of countries
GNI [US$] 39,119,352,197 14,172,186,400
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 Madagascar
Position in the ranking of countries
External balance [US$] -1,365,012,419 -1,212,011,777
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)

Latvia Madagascar
Position in the ranking of countries
Unemployment [%] 7.51 2.31
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)

Latvia Madagascar
Position in the ranking of countries
Population 1,884,490 28,915,653
Percentage of the other

Population growth (annual %)

Density

Gender

Demography