Latvia Latvia

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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 1,907,675 people, it is one of the least populous country in the world and it has a moderate population density, 30 people per km2.

It's capital is Riga and its currency is Euros

Latvia is holding the 99 position by nominal GDP. Its national debt in 2019 was 11,247 millions of euros (12,591 millions of dollars), ( 36.9% debt-to-GDP ratio) and its public debt per capita is 5,895€ euros per inhabitant6,600$ dollars per inhabitant.

The last annual rate of CPI published in Latvia was on January of 2021 and it was -0.5%.

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 0.866 points in 2019, leaving it in 37th place in the table of 189 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
Gouvernement
Qu. GDP Per Capita [+]2020Q33,885€
Annual GDP [+]201930,463M.€
Annual GDP [+]201934,121M.$
GDP per capita [+]201915,920€
GDP per capita [+]201917,772$
Quarterly GDP [+]2020Q37,411M.€
Debt (M.€.) [+]201911,247
Debt (M.$.) [+]201912,591
Debt (%GDP) [+]201936.90%
Debt Per Capita [+]20195,895€
Debt Per Capita [+]20196,600$
Deficit (M.€) [+]2019-174
Deficit (M.$) [+]2019-195
Deficit (%GDP) [+]2019-0.60%
Expenditure (M.€) [+]201911,696.5
Expenditure (M.$) [+]201913,094.2
Education Expenditure (M.€) [+]20161,196.9
Education Expenditure (M.$) [+]20161,309.4
Education Expenditure (%Bud.) [+]201612.89%
Gov. Health Exp. (M.€) [+]20191,139.9
Gov. Health Exp. (%Bud.) [+]20179.00%
Defence Expenditure (M.€) [+]2019618.9
Defence Expenditure (M.$) [+]2019693.3
Defence Expenditure (%Bud.) [+]20195.56%
Expenditure (%GDP) [+]201938.40%
Expenditure Per Capita [+]20196,131€
Expenditure Per Capita [+]20196,864$
Education Expenditure P.C [+]2016611€
Education Expenditure P.C [+]2016665$
Gov. Health Exp. P.C. [+]2019594€
Gov. Health Exp. P.C. [+]2017532$
Defence Expenditure P.C. [+]2019323€
Defence Expenditure P.C. [+]2019361$
Moody's Rating [+]05/31/2019A3
S&P Rating [+]02/21/2020A+
Fitch Rating [+]04/10/2020A-
Corruption Index [+]201858
Competitiveness Ranking [+]201941º
Fragile States Index [+]201844.9
RTI Raking [+]01/01/201990º
Innovation Ranking [+]201834º
Labour
Unemployment Rate [+]December 20208.2%
Unemployment rate [+]2020Q38.4%
Unemployed [+]2020Q381 m.
NMW [+]2021613.6 $
NMW [+]2021500.0 €
Average Wage [+]201913,001€
Average Wage [+]201413,059$
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]02/24/20210.8233
Stock ExchangeYTD % [+]02/24/20213.39%
Prices
CPI (overall index) [+]January 2021-0.5%
HICP [+]January 2021-0.5%
PPI Year on Year [+]January 2021-0.9%
Money Market
Key rates [+]10/17/20170%
Business
Doing Business [+]201919º
IPI Year on Year [+]December 20204.7%
Passengers vehicles Year [+]January 202113,369
Annual Vehicles/ 1,000 p. [+]January 20218.55
Vehicles / 1,000 people [+]2015390.99
Taxes
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202031.4%
Trade
Annual arrivals [+]20181,946,000
Exports [+]201914,034.7 M.€
Exports [+]201915,489.0 M.$
Exports % GDP [+]201946.07%
Imports [+]201916,941.4 M.€
Imports [+]201918,717.5 M.$
Imports % GDP [+]201955.61%
Trade balance [+]2019-2,906.7 M.€
Trade balance [+]2019-3,228.5 M.$
Trade balance % GDP [+]2019-9.54%
Retail Sales YoY [+]December 2020-3.8%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]201930
Global Peace Ranking [+]202034º
Crude divorce rate [+]20183.10‰
Remittance received (M.$) [+]20171,090.0
% Immigrant [+]201912.44%
% Emigrant [+]201917.41%
Birth Rate [+]20199.80‰
Remittance sent (M.$) [+]2017335.2
Crude death rate [+]201914.50‰
Fertility Rate [+]20181.60
Crude marriage rate [+]20196.70‰
% risk of poverty [+]201621.8%
Population [+]20191,907,675
Immigrant stock [+]2019237,266
Emigrant stock [+]2019332,220
HDI [+]20190.866
Gender Gap Ranking [+]201817º
Life expectancy [+]201875.10
Suicides [+]2017353
Suicide rate [+]201718.26
Number of homicides [+]201884
Rate Homicides per 100.000 [+]20184.36
Energy and Environment
CO2 Tons per capita [+]20194.38
Consumption GWh [+]20196,877
Generation GWh [+]20196,221
Others
COVID-19 - Deaths [+]02/23/20211,570
COVID-19 - Confirmed [+]02/23/202182,462
Fully vaccinated [+]02/23/202116,844
COVID-19 - Deaths per million population [+]02/23/2021822.99
Doses administered [+]02/23/202149,834