Quality of life comparison
If you lived in Monaco instead of Latvia, you would:
Health
live 13.6 years longer
In Latvia, the average life expectancy is 76 years (71 years for men, 81 years for women) as of 2022. In Monaco, that number is 90 years (86 years for men, 93 years for women) as of 2022.
Economy
make 3.1 times more money
Latvia has a GDP per capita of $37,800 as of 2023, while in Monaco, the GDP per capita is $115,700 as of 2015.
be 69.4% less likely to be unemployed
In Latvia, 6.5% of adults are unemployed as of 2023. In Monaco, that number is 2.0% as of 2012.
Life
be 63.7% less likely to die during infancy
In Latvia, approximately 4.8 children (per 1,000 live births) die before they reach the age of one as of 2022. In Monaco, on the other hand, 1.8 children do as of 2022.
have 21.7% fewer children
In Latvia, there are approximately 8.3 babies per 1,000 people as of 2024. In Monaco, there are 6.5 babies per 1,000 people as of 2024.
Expenditures
spend 80.0% less on education
Latvia spends 6.0% of its total GDP on education as of 2020. Monaco spends 1.2% of total GDP on education as of 2019.
spend 77.3% less on healthcare
Latvia spends 7.5% of its total GDP on healthcare as of 2020. In Monaco, that number is 1.7% of GDP as of 2020.
Geography
see 99.2% less coastline
Latvia has a total of 498 km of coastline. In Monaco, that number is 4 km.
The statistics above were calculated using the following data sources: The World Factbook.
Monaco: At a glance
How big is Monaco compared to Latvia? See an in-depth size comparison.