| Attribute |
Latvia × | 
Panama × |
| Geography | | |
| Area (km²) | 64,589 | 75,420 |
| Continent | Europe | North America |
| Land area (km²) | 62,249 | 74,340 |
| Water area (km²) | 2,340 | 1,080 |
| Land boundaries (km) | 1,370 | 687 |
| Border countries | - Belarus
- Estonia
- Lithuania
- Russia
| |
| Coastline (km) | 498 | 2,490 |
| Mean elevation (m) | 87 | 360 |
| Lowest point (m) | 0 | 0 |
| Highest point (m) | 312 | 3,475 |
| People | | |
| 1↑Population | 1,881,232 | 3,894,082 |
| Official languages | | |
| Religion | Lutheran | Roman Catholic |
| Government | | |
| Long country name | Republic of Latvia | Republic of Panama |
| Short country name | Latvia | Panama |
| Long local name | Latvijas Republika | Republica de Panama |
| Short local name | Latvija | Panama |
| Former name | - Latvian Soviet Socialist Republic
| - |
| Government type | Parliamentary republic | Presidential republic |
| Capital | Riga | Panama City |
| Economy | | |
| GDP (PPP) (USD) | 54,020,000,000 | 104,100,000,000 |
| GDP (OER) (USD) | 30,330,000,000 | 61,840,000,000 |
| GDP (real growth rate) (%) | 4.5 | 5.4 |
| GDP - per capita (PPP) (USD) | 27,700 | 25,400 |
| Gross national saving (% of GDP) | 20.7 | 38.9 |
| Labor force | 990,000 | 1,633,000 |
| Unemployment rate (%) | 8.7 | 6 |
| Population below poverty line (%) | 25.5 | 23 |
| Budget revenues (USD) | 11,390,000,000 | 12,430,000,000 |
| Budget expenditures (USD) | 11,530,000,000 | 13,440,000,000 |
| Military expenditures (% of GDP) | 2.01 | - |
| Taxes and other revenues (% of GDP) | 37.5 | 20.1 |
| Budget surplus or deficit (% of GDP) | -0.5 | -1.6 |
| Public debt (% of GDP) | 36.3 | 37.8 |
| Inflation rate (%) | 2.9 | 0.9 |
| Central bank discount rate (%) | 0 | - |
| Commercial bank prime lending rate (%) | 2.58 | 7.52 |
| Stock of narrow money (USD) | 12,910,000,000 | 8,347,000,000 |
| Stock of broad money (USD) | 12,910,000,000 | 8,347,000,000 |
| Stock of domestic credit (USD) | 17,270,000,000 | 51,050,000,000 |
| Market value of publicly traded shares (USD) | 6,760,000,000 | 12,540,000,000 |
| Current account balance (USD) | -231,000,000 | -3,036,000,000 |
| Exports (USD) | 12,840,000,000 | 15,500,000,000 |
| Imports (USD) | 15,790,000,000 | 21,910,000,000 |
| Reserves of foreign exchange and gold (USD) | 4,614,000,000 | 2,703,000,000 |
| External debt (USD) | 40,020,000,000 | 91,530,000,000 |
| National currency | lati | balboas |
| National currency (code) | LVL | PAB |
| National currency (symbol) | Ls | B/. |
| National currency rate to USD | 0.885 | 1 |