Australia vs Latvia: Product market, Overall

Australia
0.8452
in 2014
Latvia
0.8333
in 2014
Australia rank
25th
Latvia rank
28th

Product market, Overall over time

  • Australia
  • Latvia
00.20.40.60.8197319932014

How they compare

Australia currently reports 0.8452 against 0.8333 in Latvia, a difference of 0.0119.

The two have swapped places 3 times across 42 shared years of data; in 1973 it was Latvia ahead.

Australia ranks 25th and Latvia ranks 28th of 90 countries.

Australia has averaged higher in every one of the 5 decades both report.

Head to head by decade

Decade Australia Latvia Difference Ahead
1970s 0 0 0
1980s 0.0071 0 0.0071 Australia
1990s 0.194 0.0857 0.1083 Australia
2000s 0.7024 0.5417 0.1607 Australia
2010s 0.8452 0.8 0.0452 Australia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher product market, overall, Australia or Latvia?
Australia, at 0.8452 against 0.8333 in Latvia as of 2014.
What is the difference in product market, overall between Australia and Latvia?
0.0119, with Australia ahead.
How many years of comparable data are there for Australia and Latvia?
42 years are reported by both, from 1973 to 2014.
How do Australia and Latvia rank globally for product market, overall?
Australia ranks 25th and Latvia ranks 28th of 90 countries.
Where does this data come from?
International Monetary Fund, published as Product market, Overall. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Latvia: Product market, Overall. Statizoid, drawing on International Monetary Fund. Retrieved 26 August 2026, from https://economy.statizoid.com/compare/product-market-overall/australia/latvia/

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About this data

Indicator
Product market, Overall
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
90 places, 3,632 data points, 1973–2014
Last refreshed

The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.