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Latvia  

Latvia, is a country located at Northern Europe, it has an area of 64,490 Km2, and it may be considered quite a small country.

Latvia, with a population of 1,968,957 people, it is one of the least populous country in the world ant it has a moderate population density, 31 people per km2.

The capital is Riga and its currency is Euros

Latvia is holding the 102 position by nominal GDP. Its national debt in 2015 was 8,846 millions of euros9,815 millions of dollars, ( 36.30% debt-to-GDP ratio) and its public debt per capita is 4,493 € euros per inhabitant4,927$ dollars per inhabitant.

The last annual rate of CPI published in Latvia was on December of 2016 and it was 2.2%.

In terms of the human development index (HDI) of Latvia, which is the index used by the United Nations to measure the progress of a country, was 0.819 points in 2014, leaving it in 46th place in the table of 187 countries published.

If the reason to visit Latvia are business, you must know it's in the 14th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Latvia, if you want to see information about other countries click here

Riga: Monthly Temp.
Riga: Monthly Rainfall
Latvia Economy
Government
GDP Mill. € [+]201524,349M.€
GDP Mill.$ [+]201526,957M.$
GDP per capita [+]201513,573$
GDP per capita [+]201512,300€
Qu. GDP Per Capita [+]2016Q33,112€
Quat. GDP Mill.€ [+]2016Q36,127M.€
Debt [+]20158,846 M.€
Debt [+]20159,815 M.$
Debt (%GDP) [+]201536.30%
Debt Per Capita [+]20154,927$
Debt Per Capita [+]20154,493 €
Deficit [+]2015-309 M.€
Deficit [+]2015-343 M.$
Deficit (%GDP) [+]2015-1.30%
Expenditure (M.$) [+]201510,010.5
Gov. Health Exp. (M.€) [+]20159,022.5
Education Expenditure (M.$) [+]2012898.9
Education Expenditure (M.€) [+]2012705.5
Education Expenditure (%Bud.) [+]20128.73%
Gov. Health Exp. (M.€) [+]2015822.6
Gov. Health Exp. (%Bud.) [+]20149.81%
Defence Expenditure (M.$) [+]2015285.4
Defence Expenditure (M.€) [+]2015257.8
Defence Expenditure (%Bud.) [+]20142.20%
Expenditure (%GDP) [+]201537.10%
Expenditure Per Capita [+]20154,582€
Expenditure Per Capita [+]20155,084$
Education Expenditure P.C [+]2012346€
Education Expenditure P.C [+]2012440$
Gov. Health Exp. P.C. [+]2015414€
Defence Expenditure P.C. [+]2015144$
Defence Expenditure P.C. [+]2015130€
Moody's Rating [+]02/13/2015A3
S&P Rating [+]05/30/2014A-
Fitch Rating [+]11/04/2016A-
Corruption Index [+]201555
Competitiveness Ranking [+]201644º
Fragile States Index [+]201548.6
RTI Raking [+]11/01/201679º
Innovation Ranking [+]201634º
Labour
Unemployed [+]2016Q394 m.
Human Capital Ranking [+]201523º
NMW [+]2016402.8 $
Unemployment Rate [+]November 20169.6%
Unemployment rate [+]2016Q39.5%
NMW [+]2016370.0 €
Average Wage [+]201514,922€
Average Wage [+]201413,059$
Markets
Euro / Euros [+]12/31/20130.7028
Stock ExchangeYTD % [+]01/23/20171.29%
Prices
CPI (overall index) [+]December 20162.2%
HICP [+]October 20161.1%
PPI Year on Year [+]December 2016-1.5%
Money Market
Key rates [+]03/16/20160%
Business
Doing Business [+]201714º
Vehicles / 1,000 people [+]2014375.54
Passengers vehicles Year [+]December 201616,512
Annual Vehicles/ 1,000 p. [+]November 201610.32
IPI Year on Year [+]November 2014-0.6%
Taxes
Standard VAT [+]07/01/201221.00%
Trade
Exports [+]201510,865.0 M.€
Exports [+]201512,054.4 M.$
Exports % GDP [+]201544.62%
Imports [+]201512,900.0 M.€
Imports [+]201514,312.0 M.$
Imports % GDP [+]201552.98%
Trade balance [+]2015-2,035.0 M.€
Trade balance [+]2015-2,257.6 M.$
Trade balance % GDP [+]2015-8.36%
Retail Sales YoY [+]November 20165.3%
Socio-Demography
Crude death rate [+]201514.40‰
% risk of poverty [+]201522.5%
Density [+]201531
Population [+]20151,968,957
Immigrant stock [+]2015263,126
HDI [+]20140.819
Global Peace Ranking [+]201632º
Gender Gap Ranking [+]201618º
Ranking [+]201535º
Birth Rate [+]201511.10‰
Fertility Rate [+]20141.65
Life expectancy [+]201474.50
Crude marriage rate [+]20146.30‰
Crude divorce rate [+]20143.10‰
Rate Homicides per 100.000 [+]20143.9
Number of homicides [+]201477
Environment and Energy
CO2 Tons per capita [+]20143.69