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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Latvia & Venezuela

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Latvia vs Venezuela

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Latvia Venezuela
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World Rank 114 1.74 World Rank
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 Bolivian Republic of Venezuela is a nation situated on the northern coast of South America. It consists of its mainland and several islands and islets that are located in the Caribbean Sea. With a land coverage of 916,000 square kilometers, it is one of the largest nations in size in Latin America. The capital city and its largest urban agglomeration is Caracas. More about Venezuela

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Latvia Venezuela
Position in the ranking of countries 94 (2023) 27 (2014)
GDP [US$] 42,247,850,064 482,359,318,767
Percentage of the other 8.8 % 1141.7 %

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 Venezuela
Position in the ranking of countries 91 (2023) 27 (2014)
GNI [US$] 43,719,961,550 476,933,862,544
Percentage of the other 9.2 % 1090.9 %

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 Venezuela
Position in the ranking of countries 93 (2023) 165 (2014)
External balance [US$] -1,579,771,309 -70,922,056,745
Percentage of the other 2.2 % 4489.4 %

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 Venezuela
Position in the ranking of countries 93 (2023) 165 (2014)
Unemployment [%] 6.72 5.48
Percentage of the other 122.6 % 81.5 %

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 Venezuela
Position in the ranking of countries 144 (2023) 51 (2023)
Population 1,877,445 28,300,854
Percentage of the other 6.6 % 1507.4 %

Population growth (annual %)

Density

Gender

Demography