Iceland vs Latvia: Economic Outlook No 118 — Indicator of competitiveness based on
Economic Outlook No 118 — Indicator of competitiveness based on over time
- Iceland
- Latvia
How they compare
Iceland currently reports 115.24 against 104.64 in Latvia, a difference of 10.6.
That makes Iceland's figure about 1.1 times Latvia's.
The two have swapped places 4 times across 31 shared years of data; in 1997 it was Iceland ahead.
Iceland ranks 9th and Latvia ranks 6th of 39 countries.
Across the 4 decades both report, Iceland averaged higher in 3 and Latvia in 1.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 98.03 | 78.62 | 19.4 | Iceland |
| 2000s | 101.22 | 87.27 | 13.95 | Iceland |
| 2010s | 91.69 | 93.34 | 1.65 | Latvia |
| 2020s | 107.64 | 102.93 | 4.7 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 118 — indicator of competitiveness based on, Iceland or Latvia?
- Iceland, at 115.24 against 104.64 in Latvia as of 2027.
- What is the difference in economic outlook no 118 — indicator of competitiveness based on between Iceland and Latvia?
- 10.6, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 31 years are reported by both, from 1997 to 2027.
- How do Iceland and Latvia rank globally for economic outlook no 118 — indicator of competitiveness based on?
- Iceland ranks 9th and Latvia ranks 6th of 39 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 118 — Indicator of competitiveness based on relative consumer prices. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 118 (Edition 2025/2) EO118 Database documentation EO118 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP