Iceland vs Latvia: Human capital
Iceland
215.10 billion real chained 2019 US$
in 2020
Latvia
181.87 billion real chained 2019 US$
in 2020
Iceland rank
84th
Latvia rank
87th
Human capital over time
- Iceland
- Latvia
How they compare
Iceland currently reports 215.10 billion real chained 2019 US$ against 181.87 billion real chained 2019 US$ in Latvia, a difference of 33.24 billion real chained 2019 US$.
That makes Iceland's figure about 1.2 times Latvia's.
The two have swapped places 1 time across 26 shared years of data; in 1995 it was Latvia ahead.
Iceland ranks 84th and Latvia ranks 87th of 150 countries.
Across the 4 decades both report, Iceland averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 124.19 billion real chained 2019 US$ | 168.63 billion real chained 2019 US$ | 44.43 billion real chained 2019 US$ | Latvia |
| 2000s | 149.51 billion real chained 2019 US$ | 177.75 billion real chained 2019 US$ | 28.24 billion real chained 2019 US$ | Latvia |
| 2010s | 180.45 billion real chained 2019 US$ | 171.68 billion real chained 2019 US$ | 8.77 billion real chained 2019 US$ | Iceland |
| 2020s | 215.10 billion real chained 2019 US$ | 181.87 billion real chained 2019 US$ | 33.24 billion real chained 2019 US$ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher human capital, Iceland or Latvia?
- Iceland, at 215.10 billion real chained 2019 US$ against 181.87 billion real chained 2019 US$ in Latvia as of 2020.
- What is the difference in human capital between Iceland and Latvia?
- 33.24 billion real chained 2019 US$, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 26 years are reported by both, from 1995 to 2020.
- How do Iceland and Latvia rank globally for human capital?
- Iceland ranks 84th and Latvia ranks 87th of 150 countries.
- Where does this data come from?
- World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as Human capital (real chained 2019 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Human capital is computed as the present value of future earnings for the working population over their lifetimes. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.