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Latvia vs Iceland

Side-by-side comparison
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IndicatorLatviaIceland
GDP per Capita $25,630 $98,150
GDP Growth 1.03% 1.43%
Inflation Rate 3.76% 4.22%
Population 1.9M 394,600
Unemployment Rate 6.57% 3.63%

Latvia vs Iceland: Key Differences

Iceland's gdp per capita ($98,150) is 3.8x higher than Latvia's ($25,630) as of 2025. Iceland has a 39% higher gdp growth (1.43%) compared to Latvia (1.03%). Iceland has a 12% higher inflation rate (4.22%) compared to Latvia (3.76%). Latvia's population (1.9M) is 4.7x higher than Iceland's (394,600) as of 2025. Latvia's unemployment rate (6.57%) is 1.8x higher than Iceland's (3.63%) as of 2025.

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