Imports$14.83 billion (2011 est.)
Exports$12.03 billion (2011 est.)
Inflation rate (consumer prices)4.4% (2011 est.)
Unemployment rate15.4% (2011 est.)
GDP - per capita (PPP)$15,900 (2011 est.)
National product real growth rate-1.8% (2010 est.)
Internet users1.504 million (2009)
Telephones - mobile cellular2.306 million (2009)
Population growth rate-0.598% (2012 est.)
Population2,191,580 (July 2012 est.)
The name "Latvia" originates from the ancient Latgalians, one of four eastern Baltic tribes that formed the ethnic core of the Latvian people (ca.
8th-12th centuries A.
Latvia is a small, open economy with exports contributing significantly to its GDP.
Due to its geographical location, transit services are highly-developed, along with timber and wood-processing, agriculture and food products, and manufacturing of machinery and electronic devices.
The bulk of the country's economic activity, however, is in the services sector....
The Economist Intelligence Unit
Laimdota Straujuma (Unity party) resigned as prime minister on December 7th, after just under two years in office. She will be replaced by Maris Kucinskis (Union of Greens and Farmers, ZZS) on February ...
This report contains detailed forecasts and analysis for Latvia, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...
Growth picked up to 2.7% in 2015 despite weak net trade and is on course to rise to almost 3% this year, with exports picking up again as shocks to trade with Russia start to fade. While this year's expansion ...