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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 1,950,116 people, it is one of the least populous country in the world ant it has a moderate population density, 30 people per km2.

The capital is Riga and its currency is Euros

Latvia is holding the 96 position by nominal GDP. Its national debt in 2017 was 10,782 millions of euros12,181 millions of dollars, ( 40.1% debt-to-GDP ratio) and its public debt per capita is 5,529€ euros per inhabitant6,246$ dollars per inhabitant.

The last annual rate of CPI published in Latvia was on March of 2018 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 0.83 points in 2015, leaving it in 43th place in the table of 187 countries published.

If the reason to visit Latvia are business, you must know it's in the 19th 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
Comptes nationaux - Government
Qu. GDP Per Capita [+]2017Q43,520€
Annual GDP [+]201726,857M.€
Annual GDP [+]201627,584M.$
GDP per capita [+]201713,900€
GDP per capita [+]201614,009$
Quarterly GDP [+]2017Q46,864M.€
Debt [+]201710,782
Debt [+]201712,181
Debt (%GDP) [+]201740.10%
Debt Per Capita [+]20175,529€
Debt Per Capita [+]20176,246$
Deficit [+]2017-131
Deficit [+]2017-148
Deficit (%GDP) [+]2017-0.50%
Expenditure (M.€) [+]201710,214.1
Expenditure (M.$) [+]201711,538.9
Education Expenditure (M.€) [+]20141,248.3
Education Expenditure (M.$) [+]20141,658.8
Education Expenditure (%Bud.) [+]201413.96%
Gov. Health Exp. (M.€) [+]2016807.2
Gov. Health Exp. (%Bud.) [+]20149.81%
Defence Expenditure (M.€) [+]2016367.9
Defence Expenditure (M.$) [+]2016407.1
Defence Expenditure (%Bud.) [+]20152.46%
Expenditure (%GDP) [+]201738.00%
Expenditure Per Capita [+]20175,238€
Expenditure Per Capita [+]20175,917$
Education Expenditure P.C [+]2014624€
Education Expenditure P.C [+]2014829$
Gov. Health Exp. P.C. [+]2016410€
Defence Expenditure P.C. [+]2016187€
Defence Expenditure P.C. [+]2016207$
Moody's Rating [+]07/14/2017A3
S&P Rating [+]05/30/2014A-
Fitch Rating [+]10/27/2017A-
Corruption Index [+]201758
Competitiveness Ranking [+]201754º
Fragile States Index [+]201548.6
RTI Raking [+]11/01/201679º
Innovation Ranking [+]201733º
Labour
Unemployment Rate [+]February 20188.0%
Unemployment rate [+]2017Q48.1%
Unemployed [+]2017Q480 m.
NMW [+]2018515.7 $
NMW [+]2018430.0 €
Average Wage [+]201610,173€
Average Wage [+]201413,059$
Human Capital Ranking [+]201627º
Markets
Euro / Euros [+]12/31/20130.7028
Stock ExchangeYTD % [+]04/23/20185.28%
Prices
CPI (overall index) [+]March 20182.2%
HICP [+]March 20182.3%
PPI Year on Year [+]March 20184.0%
Money Market
Key rates [+]10/17/20170%
Business
Doing Business [+]201819º
IPI Year on Year [+]February 20188.7%
Passengers vehicles Year [+]June 201716,276
Annual Vehicles/ 1,000 p. [+]June 201710.37
Vehicles / 1,000 people [+]2015390.99
Taxes
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]201619.0%
Trade
Exports [+]201712,243.1 M.€
Exports [+]201713,823.3 M.$
Exports % GDP [+]201745.59%
Imports [+]201714,884.7 M.€
Imports [+]201716,799.8 M.$
Imports % GDP [+]201755.42%
Trade balance [+]2017-2,641.6 M.€
Trade balance [+]2017-2,976.4 M.$
Trade balance % GDP [+]2017-9.84%
Retail Sales YoY [+]February 20184.3%
Socio-Demography
Density [+]201630
Population [+]20161,950,116
Immigrant stock [+]2015263,126
Remittance received (M.$) [+]20161,269.3
% Immigrant [+]201513.36%
Remittance sent (M.$) [+]2016284.8
Emigrant stock [+]2015337,678
% Emigrant [+]201517.15%
HDI [+]20150.830
Global Peace Ranking [+]201732º
Gender Gap Ranking [+]201618º
Ranking [+]201535º
Birth Rate [+]201611.20‰
Fertility Rate [+]20161.74
Crude death rate [+]201614.60‰
Life expectancy [+]201674.90
Crude marriage rate [+]20156.90‰
Crude divorce rate [+]20152.60‰
Number of homicides [+]201581
Rate Homicides per 100.000 [+]20154.11
% risk of poverty [+]201621.8%
Energy and Environment
CO2 Tons per capita [+]20164.14