Latvia : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$14.83 billion (2011 est.)
$10.8 billion (2010 est.)


$12.03 billion (2011 est.)
$9.107 billion (2010 est.)

Inflation rate (consumer prices)

4.4% (2011 est.)
-1.1% (2010 est.)

Unemployment rate

15.4% (2011 est.)
18.4% (2010 est.)

GDP - per capita (PPP)

$15,900 (2011 est.)
$14,900 (2010 est.)
$14,900 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

-1.8% (2010 est.)
-18% (2009 est.)
-4.2% (2008 est.)

Internet users

1.504 million (2009)

Telephones - mobile cellular

2.306 million (2009)

Population growth rate

-0.598% (2012 est.)


2,191,580 (July 2012 est.)

Historical background

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.


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Economic overview

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.

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The Economist Intelligence Unit

Country Forecast Latvia 4th Quarter 2013

Country Forecast Latvia 4th Quarter 2013

  • $ 730
  • Country report
  • November 2013
  • by The Economist Intelligence Unit

OVERVIEW Despite initial scepticism, Valdis Dombrovskis's three-party centre-right majority coalition has been relatively stable since gaining power in September 2011. Latvia paid off its debt to the ...

  • Countries : Latvia

Dun and Bradstreet (Altares)

D&B Country Insight Report: Latvia

D&B Country Insight Report: Latvia

  • $ 650
  • Country report
  • March 2014
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country's overall political, economic ...

  • Countries : Latvia

Oxford Economics

By-Country Industry Forecasts > Latvia

By-Country Industry Forecasts > Latvia

  • $ 250
  • Country report
  • September 2013
  • by Oxford Economics

Latvia: Key Features Broad Country and Industry Coverage. The service covers 68 countries across Europe, Asia, the Americas, the Middle East and Africa, where 85% of world business is conducted. Up to ...

  • Countries : Latvia


Latvia - ISA Country Report

Latvia - ISA Country Report

  • $ 99
  • Country report
  • August 2014
  • by ISA

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 ...

  • Countries : Latvia

PRS Group

ICRG Annual: Volume 3, East Europe

ICRG Annual: Volume 3, East Europe

  • $ 386
  • Country report
  • October 2013
  • by PRS Group

Purchase individual volumes of the International Country Risk Guide Annual (described separately). Choose from seven perfect-bound volumes (6 regional volumes and one volume of country risk ratings & statistics ...

  • Countries : Europe, Czech Republic, World, Lithuania, Kazakhstan, Azerbaijan, Ukraine, Slovenia, Slovakia (slovak Republic), Russian Federation, Romania, Poland, Moldova, Republic Of, Latvia, Hungary, Estonia, Croatia, Bulgaria, Belarus, Albania, Armenia, Serbia and Montenegro

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