Latvia vs Panama: GNI per capita, PPP
GNI per capita, PPP over time
- Latvia
- Panama
How they compare
Latvia currently reports 36,880 constant 2021 international $ against 35,040 constant 2021 international $ in Panama, a difference of 1,840 constant 2021 international $.
That makes Latvia's figure about 1.1 times Panama's.
The two have swapped places 1 time across 29 shared years of data; in 1996 it was Panama ahead.
Latvia ranks 48th and Panama ranks 50th of 159 countries.
Across the 4 decades both report, Latvia averaged higher in 3 and Panama in 1.
Head to head by decade
| Decade | Latvia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 11,616 constant 2021 international $ | 12,448 constant 2021 international $ | 832.08 constant 2021 international $ | Panama |
| 2000s | 20,323 constant 2021 international $ | 16,048 constant 2021 international $ | 4,276 constant 2021 international $ | Latvia |
| 2010s | 28,762 constant 2021 international $ | 27,037 constant 2021 international $ | 1,725 constant 2021 international $ | Latvia |
| 2020s | 36,075 constant 2021 international $ | 31,440 constant 2021 international $ | 4,634 constant 2021 international $ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gni per capita, ppp, Latvia or Panama?
- Latvia, at 36,880 constant 2021 international $ against 35,040 constant 2021 international $ in Panama as of 2024.
- What is the difference in gni per capita, ppp between Latvia and Panama?
- 1,840 constant 2021 international $, with Latvia ahead.
- How many years of comparable data are there for Latvia and Panama?
- 29 years are reported by both, from 1996 to 2024.
- How do Latvia and Panama rank globally for gni per capita, ppp?
- Latvia ranks 48th and Panama ranks 50th of 159 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GNI 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 national income (GNI) 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 national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. 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.