Latvia vs Panama: Divergence of GDP per capita among latecomers to the capitalist revolution
Latvia
24,313 2011$
in 2018
Panama
22,637 2011$
in 2018
Latvia rank
46th
Panama rank
48th
Divergence of GDP per capita among latecomers to the capitalist revolution over time
- Latvia
- Panama
How they compare
Latvia currently reports 24,313 2011$ against 22,637 2011$ in Panama, a difference of 1,676 2011$.
That makes Latvia's figure about 1.1 times Panama's.
The two have swapped places 2 times across 40 shared years of data; in 1973 it was Latvia ahead.
Latvia ranks 46th and Panama ranks 48th of 145 countries.
Latvia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Latvia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 12,506 2011$ | 5,719 2011$ | 6,787 2011$ | Latvia |
| 1980s | 14,466 2011$ | 7,208 2011$ | 7,259 2011$ | Latvia |
| 1990s | 10,470 2011$ | 8,554 2011$ | 1,917 2011$ | Latvia |
| 2000s | 16,111 2011$ | 11,657 2011$ | 4,454 2011$ | Latvia |
| 2010s | 20,764 2011$ | 19,537 2011$ | 1,227 2011$ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher divergence of gdp per capita among latecomers to the capitalist revolution, Latvia or Panama?
- Latvia, at 24,313 2011$ against 22,637 2011$ in Panama as of 2018.
- What is the difference in divergence of gdp per capita among latecomers to the capitalist revolution between Latvia and Panama?
- 1,676 2011$, with Latvia ahead.
- How many years of comparable data are there for Latvia and Panama?
- 40 years are reported by both, from 1973 to 2018.
- How do Latvia and Panama rank globally for divergence of gdp per capita among latecomers to the capitalist revolution?
- Latvia ranks 46th and Panama ranks 48th of 145 countries.
- Where does this data come from?
- Maddison Project Database (2018) – processed by Our World in Data, published as Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]