Are we ranking national teams or their top 2-3 players? Also, I'm not sure about Blueger or Balcers being worse than Bjorkstrand and Eller.
Our depth is markedly better.
We have 3 goalies with NHL contracts, a couple of leading young NCAA/AHL goalies, a top tier KHL goalie. Our 5th or 6th goalie is better than the Danish 2nd goalie.
Indrasis (top 6 KHL) - Blueger (NHL) - Darzins (top 6 KHL)
Kenins (ex-NHL) - Abols (PPG in SHL) - Balcers (NHL)
Daugavins (ex-NHL, 0.75 PPG in KHL) - Girgensons (NHL) - Karsums (ex-NHL)
Bukarts (PPG in Czech Extraliga) - Tralmaks (AHL) - Dzierkals (0.5 PPG in KHL)
The forward corps actually looks pretty similar to Denmark. Weaker top 6, slightly better bottom 6.
Same with defencemen. Our 4th and 5th pairing would consist of AHLers/KHLers, which is not very impressive, but we simply have a little more depth at every position.
And since more often than not every national team has issues with snubs and injuries, it usually translates into a pretty major advantage. The more of your best players are not there, the weaker your 4th liners, 3rd pairing Ds. Denmark often has to call up players from their domestic league, which is not even a fully professional league, or the Swedish 2nd division, etc.
You could argue that Latvia and Denmark form a mini-tier of their own and are similar in strength, but you can't really argue for Denmark being better unless you're a North American who's only aware of current leading NHL players.
1.Bluegers and Balcers are below Bjorkstrand and Ehlers for sure. I don't know how you can make an argument to argue that point, Bjorkstrand is the best forward on an NHL team, Ehlers is a PPG player.
Regarding depth
Denmark has
Andersen
Larsen, M.Lauridsen, O.Lauridsen, J.Jensen, N.Jensen, Brugisser, Krogsgaard, Setkov, Lassen, O.Larsen
Ehlers, Eller, O.Bjorkstrand, Russell, True, Blichfeldt, Nielsen, Regin, N.Jensen, Rondbjerg, Boedker, Meyer, Olesen, Andersen, Storm etc
Seems like you are underrating Denmark.
Goalies, I agree, Latvia has way more depth, but its best on best, so healthy Andersen is better than any latvian goalie.
Defense? Danish is better, Latvia has no aswer to Larsen, Jensen and O.Lauridsen were much better in KHL than any latvian lately.
Forwards? No match for Ehlers and Bjorkstrand, Eller best C among 2 countries.
So,
Ehlers(PPG in NHL)-Nielsen(long time NHLer)-Russell(TOP AHLer, plays NHL this year)
Boedker(Top NLA player)-Eller(very good NHLer)-Bjorkstrand(Top player for Columbus)
Blichfeldt(Top AHLer)-True(Top AHLer)-Jensen(2nd best forward for Jokerit KHL)
Meyer(Top Liiga player)-Regin(ex NHL)-Rondbjerg(AHL)
Better than latvian lineup with Indrasis and Darzins as 1st line players, who both are TOP 6 only in Riga.