Statement:
Latvia has higher GDP than Nicaragua

In the Richest countries rating Latvia holds position #52 2020 out of 191 and Nicaragua is #146 out of 191 2020.
Position of Latvia is better than position of Nicaragua.

Referencies:

  1. Richest countries 2020 by World Bank
    The countries in the rating sorted by 'GDP per capita (current US$)' in descending order.
    Latvia 'GDP per capita (current US$)' value is 17,703.95
    Nicaragua 'GDP per capita (current US$)' value is 1,900.04