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Latvia

Latvia ranks 24th of 28 overall, 21st of 28 on economy and 26th of 28 on quality of life, among the 28 countries (the UK and the 27 EU member states). Scores use 21 ranked metrics from published sources (snapshot of 6 November 2026); each metric below names its source, vintage and fetch date.

Overall rank

24th of 28

Rank under alternative calculations: 24th without multinational-sensitive measures; 24th with rank-based scoring. About these alternatives

Pillar ranks

  • Economy21st of 2811 of 11 metrics
  • Quality of life26th of 2810 of 10 metrics

Overall rank over time

Rank 1 is the top of the table; the line is drawn with rank 1 at the top.

Overall rank, 2000 to 2025: 25th to 24th22nd24th26th28th200020052010201520202025June 201624thOverall rank, 2000 to 2025: 25th to 24th22nd24th26th28th200020102020June 201624th

2000: 25th · 2025: 24th

Scorecard by pillar

Each metric is ranked among the 28 countries with a value. Missing values are left out, not filled in.

Economy

Economy metrics for Latvia
Trend, 2000 to latest
Employment rate, ages 15+56.6 % of population aged 15+202417th of 28ILOSTAT (International Labour Organization) · DF_EMP_2WAP_SEX_AGE_RT · vintage ILO LAST_UPDATE 2025-12-02 · fetched 2026-11-06
FDI inflows, % of GDP0.83 % of GDP (net inflows)202520th of 28World Bank Indicators (WDI and WGI) · BX.KLT.DINV.WD.GD.ZS · vintage 2026-10-08 · fetched 2026-11-06
GNI per head, PPP36,880 international $ (constant 2021 PPP)202427th of 28World Bank Indicators (WDI and WGI) · NY.GNP.PCAP.PP.KD · vintage 2026-10-08 · fetched 2026-11-06
Government debt, % of GDP46.9 % of GDP (general government gross debt)202511th of 28International Monetary Fund, DataMapper (World Economic Outlook) · GGXWDG_NGDP · vintage World Economic Outlook (October 2026), dataset last modified 2026-10-08 · fetched 2026-11-06
Inflation, consumer prices3.80 % change on previous year (annual average)202523rd of 28International Monetary Fund, DataMapper (World Economic Outlook) · PCPIPCH · vintage World Economic Outlook (October 2026), dataset last modified 2026-10-08 · fetched 2026-11-06
Investment, % of GDP23.5 % of GDP (gross fixed capital formation)20258th of 28World Bank Indicators (WDI and WGI) · NE.GDI.FTOT.ZS · vintage 2026-10-08 · fetched 2026-11-06
GDP per hour worked47.1 USD per hour worked, PPP, constant prices202423rd of 26OECD statistics, read through the DBnomics mirror (provider code OECD) · DSD_PDB@DF_PDB_LV/LVA.A.GDPHRS._T.USD_PPP_H.Q._Z._Z._Z · vintage 2026-04-07 · fetched 2026-11-06
Real GDP growth2.10 % change on previous year, real terms202511th of 28International Monetary Fund, DataMapper (World Economic Outlook) · NGDP_RPCH · vintage World Economic Outlook (October 2026), dataset last modified 2026-10-08 · fetched 2026-11-06
R&D spending, % of GDP0.82 % of GDP (gross domestic expenditure on R&D)202324th of 28UNESCO Institute for Statistics (UIS) · EXPGDP.TOT · vintage as fetched 2026-11-06 · fetched 2026-11-06
Trade openness, % of GDP129.7 % of GDP (exports plus imports of goods and services)202512th of 28World Bank Indicators (WDI and WGI) · NE.TRD.GNFS.ZS · vintage 2026-10-08 · fetched 2026-11-06
Unemployment rate6.90 % of labour force202521st of 28International Monetary Fund, DataMapper (World Economic Outlook) · LUR · vintage World Economic Outlook (October 2026), dataset last modified 2026-10-08 · fetched 2026-11-06

Quality of life

Quality of life metrics for Latvia
Trend, 2000 to latest
Government effectiveness0.83 WGI estimate, about −2.5 (weak) to +2.5 (strong)202520th of 28World Bank Indicators (WDI and WGI) · GOV_WGI_GE.EST · vintage 2026-09-25 · fetched 2026-11-06
Human Development Index0.889 index (0 to 1)202323rd of 28Our World in Data (Human Development Index, UNDP-derived) · human-development-index · vintage 2025-05-07 · fetched 2026-11-06
Healthy life expectancy65.2 years (at birth, both sexes)202328th of 28WHO Global Health Observatory · WHOSIS_000002 · vintage WHO GHO record date 2026-10-01 · fetched 2026-11-06
Homicide rate3.562 intentional homicides per 100,000 people202228th of 28World Bank Indicators (WDI and WGI) · VC.IHR.PSRC.P5 · vintage 2026-10-08 · fetched 2026-11-06
Household consumption per head, PPP19,604 international $ (constant 2021 PPP)202524th of 28World Bank Indicators (WDI and WGI) · NE.CON.PCAP.PP.KD · vintage 2026-10-08 · fetched 2026-11-06
Income inequality, Gini33.7 index (0 to 100)202220th of 27World Bank Indicators (WDI and WGI) · SI.POV.GINI · vintage 2026-10-08 · fetched 2026-11-06
Life expectancy at birth76.4 years202427th of 28World Bank Indicators (WDI and WGI) · SP.DYN.LE00.IN · vintage 2026-10-08 · fetched 2026-11-06
Life satisfaction (0–10)6.37 Cantril ladder, mean of 0–10 (three-year average)202521st of 28World Happiness Report (Gallup life evaluations) · life_evaluation_3yr_avg · vintage 2026 · fetched 2026-11-06
PISA mean score484.0 PISA score points (mean of reading, mathematics and science)202212th of 27OECD statistics, read through the DBnomics mirror (provider code OECD) · PISA-2022-database · vintage pisa_2022 · fetched 2026-11-06
Air pollution, PM2.513.0 micrograms per cubic metre (mean annual exposure)202319th of 28World Bank Indicators (WDI and WGI) · EN.ATM.PM25.MC.M3 · vintage 2026-10-08 · fetched 2026-11-06

Context metrics (shown, not ranked)

These measures are shown for context. They are not part of either pillar score or the overall rank.

Context metrics for Latvia, not ranked
Trend, 2000 to latest
GDP per head, PPP38,801 international $ (constant 2021 PPP)2025World Bank Indicators (WDI and WGI) · NY.GDP.PCAP.PP.KD · vintage 2026-10-08 · fetched 2026-11-06
House price to income index107.5 index relative to a base year (not a ratio in years; base differs by country)2024OECD statistics, read through the DBnomics mirror (provider code OECD) · DSD_AN_HOUSE_PRICES@DF_HOUSE_PRICES/LVA.A.HPI_YDH.IX · vintage 2026-06-16 · fetched 2026-11-06
Household disposable income per head24,280 USD (PPP) per person, gross disposable income of households2024OECD statistics, read through the DBnomics mirror (provider code OECD) · DSD_NAAG@DF_NAAG_V/A.LVA.B6GS1M_POP.USD_PPP_PS.NAAG_V · vintage 2026-06-16 · fetched 2026-11-06
Trust in institutions4.25 mean of 0–10 trust scores (parliament, legal system, police)2023European Social Survey · trstprl,trstlgl,trstplc · vintage ess_round11 · fetched 2026-11-06

Sources