Latvia vs Panama: GDP per capita, PPP
GDP per capita, PPP over time
- Latvia
- Panama
How they compare
Latvia currently reports 38,800 constant 2021 international $ against 37,516 constant 2021 international $ in Panama, a difference of 1,284 constant 2021 international $.
The two have swapped places 2 times across 36 shared years of data; in 1990 it was Latvia ahead.
Latvia ranks 57th and Panama ranks 60th of 200 countries.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 12,514 constant 2021 international $ | 12,258 constant 2021 international $ | 255.58 constant 2021 international $ | Latvia |
| 2000s | 21,896 constant 2021 international $ | 17,330 constant 2021 international $ | 4,566 constant 2021 international $ | Latvia |
| 2010s | 29,979 constant 2021 international $ | 29,026 constant 2021 international $ | 953.02 constant 2021 international $ | Latvia |
| 2020s | 37,092 constant 2021 international $ | 33,586 constant 2021 international $ | 3,506 constant 2021 international $ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, ppp, Latvia or Panama?
- Latvia, at 38,800 constant 2021 international $ against 37,516 constant 2021 international $ in Panama as of 2025.
- What is the difference in gdp per capita, ppp between Latvia and Panama?
- 1,284 constant 2021 international $, with Latvia ahead.
- How many years of comparable data are there for Latvia and Panama?
- 36 years are reported by both, from 1990 to 2025.
- How do Latvia and Panama rank globally for gdp per capita, ppp?
- Latvia ranks 57th and Panama ranks 60th of 200 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP per capita, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for gross domestic product (GDP) per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.