Compare the economies of the countries

Table of Contents

Economy power of Latvia & Russia

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Latvia vs Russia

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Latvia Russia
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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 Russian Federation, also known as The Motherland, is the largest country in Europe. It is also a transcontinental nation with land covering Eastern Europe and Northern Asia. It starts at the Baltic Sea, goes through the Arctic Ocean in the north and the Black, Acov, and Caspian Seas in the south, and ends on the Pacific Ocean in the east. More about Russia

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

Latvia Russia
Position in the ranking of countries
GDP [US$] 39,853,501,579 1,778,782,625,793
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

Latvia Russia
Position in the ranking of countries
GNI [US$] 39,119,352,197 1,735,766,635,794
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 Russia
Position in the ranking of countries
External balance [US$] -1,365,012,419 169,782,348,077
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)

Latvia Russia
Position in the ranking of countries
Unemployment [%] 7.51 4.72
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 Russia
Position in the ranking of countries
Population 1,884,490 143,449,286
Percentage of the other

Population growth (annual %)

Density

Gender

Demography