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 97 position by nominal GDP. Its national debt in 2016 was 10,092 millions of euros11,170 millions of dollars, ( 40.6% debt-to-GDP ratio) and its public debt per capita is 5,175€ euros per inhabitant5,728$ dollars per inhabitant.

The last annual rate of CPI published in Latvia was on January of 2018 and it was 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
Qu. GDP Per Capita € [+]2017Q33,501€
GDP Mill. € [+]201624,927M.€
GDP Mill.$ [+]201627,689M.$
GDP per capita [+]201612,700€
GDP per capita [+]201614,063$
Quat. GDP Mill.€ [+]2017Q36,828M.€
Debt [+]201610,092
Debt [+]201611,170
Debt (%GDP) [+]201640.60%
Debt Per Capita [+]20165,175€
Debt Per Capita [+]20165,728$
Deficit [+]201610
Deficit [+]201611
Deficit (%GDP) [+]20160%
Gov. Health Exp. (M.€) [+]20169,294.2
Expenditure (M.$) [+]201610,287.7
Education Expenditure (M.€) [+]20141,251.6
Education Expenditure (M.$) [+]20141,659.7
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.$) [+]2016408.7
Defence Expenditure (%Bud.) [+]20152.46%
Expenditure (%GDP) [+]201637.40%
Expenditure Per Capita [+]20164,766€
Expenditure Per Capita [+]20165,275$
Education Expenditure P.C [+]2014629€
Education Expenditure P.C [+]2014829$
Gov. Health Exp. P.C. [+]2016410€
Defence Expenditure P.C. [+]2016187€
Defence Expenditure P.C. [+]2016208$
Moody's Rating [+]07/14/2017A3
S&P Rating [+]05/30/2014A-
Fitch Rating [+]10/27/2017A-
Corruption Index [+]201657
Competitiveness Ranking [+]201754º
Fragile States Index [+]201548.6
RTI Raking [+]11/01/201679º
Innovation Ranking [+]201634º
Unemployment Rate [+]December 20178.1%
Unemployment rate [+]2017Q38.5%
Unemployed [+]2017Q384 m.
NMW [+]2018515.7 $
NMW [+]2018430.0 €
Average Wage [+]201610,173€
Average Wage [+]201413,059$
Human Capital Ranking [+]201523º
Euro / Euros [+]12/31/20130.7028
Stock ExchangeYTD % [+]02/20/20182.82%
CPI (overall index) [+]January 20182.0%
HICP [+]January 20182.0%
PPI Year on Year [+]November 20173.3%
Money Market
Key rates [+]10/17/20170%
Doing Business [+]201819º
IPI Year on Year [+]November 20173.6%
Passengers vehicles Year [+]June 201716,276
Annual Vehicles/ 1,000 p. [+]June 201710.37
Vehicles / 1,000 people [+]2015390.99
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]201619.0%
Exports [+]201712,227.3 M.€
Exports [+]201612,100.9 M.$
Exports % GDP [+]201644.05%
Imports [+]201714,849.5 M.€
Imports [+]201614,268.9 M.$
Imports % GDP [+]201651.67%
Trade balance [+]2017-2,622.3 M.€
Trade balance [+]2016-2,168.1 M.$
Trade balance % GDP [+]2016-7.63%
Retail Sales YoY [+]November 20175.7%
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 [+]20151.70
Crude death rate [+]201614.60‰
Life expectancy [+]201574.80
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%
Environment and Energy
CO2 Tons per capita [+]20154.05