Latvia

Latvia : economy statistics and industry reports

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

Imports

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

Exports

$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.)

Population

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.

D.

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Latvia

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 1st Quarter 2015 Updater

Country Forecast Latvia 1st Quarter 2015 Updater

  • $ 635
  • Country report
  • February 2015
  • by The Economist Intelligence Unit

The governing centre-right coalition was voted back into office with an increased majority after the parliamentary election on October 4th. Laimdota Straujuma continues to serve as prime minister. The ...

  • Countries : Latvia, Russian Federation, Europe

ISA

Latvia - ISA Country Report

Latvia - ISA Country Report

  • $ 99
  • Country report
  • April 2015
  • 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

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