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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Latvia & Somalia

Latvia Flag svg Somalia Flag svg

Latvia vs Somalia

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Latvia Somalia
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World Rank 137 1.63 World Rank 81 2.33
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 Federal Republic of Somalia is a country located in the so-called Horn of Africa. It is a peninsula situated in the easternmost point in African continent. With the longest coastline in Africa's mainland, Somalia has a total land coverage of 637,000 square kilometers. More about Somalia

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Latvia Somalia
Position in the ranking of countries
GDP [US$] 39,853,501,579 7,628,000,011
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 Somalia
Position in the ranking of countries
GNI [US$] 39,119,352,197 7,585,987,105
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 Somalia
Position in the ranking of countries
External balance [US$] -1,365,012,419 -5,012,000,007
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 Somalia
Position in the ranking of countries
Unemployment [%] 7.51 19.93
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 Somalia
Position in the ranking of countries
Population 1,884,490 17,065,581
Percentage of the other

Population growth (annual %)

Density

Gender

Demography