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 1,919,968 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 99 position by nominal GDP. Its national debt in 2018 was 10,601 millions of euros12,519 millions of dollars, ( 36.4% debt-to-GDP ratio) and its public debt per capita is 5,521€ euros per inhabitant6,521$ dollars per inhabitant.

The last annual rate of CPI published in Latvia was on January of 2020 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 0.847 points in 2017, leaving it in 41th 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
Qu. GDP Per Capita [+]2019Q34,009€
Annual GDP [+]201829,151M.€
Annual GDP [+]201834,882M.$
GDP per capita [+]201815,130€
GDP per capita [+]201818,033$
Quarterly GDP [+]2019Q37,697M.€
Debt [+]201810,601
Debt [+]201812,519
Debt (%GDP) [+]201836.40%
Debt Per Capita [+]20185,521€
Debt Per Capita [+]20186,521$
Deficit (M.€) [+]2018-214
Deficit (M.$) [+]2018-253
Deficit (%GDP) [+]2018-0.70%
Expenditure (M.€) [+]201811,224.9
Expenditure (M.$) [+]201813,256.6
Education Expenditure (M.€) [+]20151,303.7
Education Expenditure (M.$) [+]20151,440.3
Education Expenditure (%Bud.) [+]201514.13%
Gov. Health Exp. (M.€) [+]2018994.2
Gov. Health Exp. (%Bud.) [+]20169.18%
Defence Expenditure (M.€) [+]2018577.1
Defence Expenditure (M.$) [+]2018690.5
Defence Expenditure (%Bud.) [+]20185.19%
Expenditure (%GDP) [+]201838.50%
Expenditure Per Capita [+]20185,846€
Expenditure Per Capita [+]20186,905$
Education Expenditure P.C [+]2015659€
Education Expenditure P.C [+]2015725$
Gov. Health Exp. P.C. [+]2018514€
Gov. Health Exp. P.C. [+]2016478$
Defence Expenditure P.C. [+]2018300€
Defence Expenditure P.C. [+]2018357$
Moody's Rating [+]05/31/2019A3
S&P Rating [+]09/21/2018A
Fitch Rating [+]10/11/2019A-
Corruption Index [+]201858
Competitiveness Ranking [+]201941º
Fragile States Index [+]201844.9
RTI Raking [+]01/01/201990º
Innovation Ranking [+]201834º
Unemployment Rate [+]December 20196.7%
Unemployment rate [+]2019Q36.0%
Unemployed [+]2019Q359 m.
NMW [+]2020483.1 $
NMW [+]2020430.0 €
Average Wage [+]201811,892€
Average Wage [+]201413,059$
Human Capital Ranking [+]201728º
US Dollar exchange rate [+]02/19/20200.9259
Stock ExchangeYTD % [+]02/14/20201.23%
CPI (overall index) [+]January 20202.2%
HICP [+]January 20202.3%
PPI Year on Year [+]December 2019-0.4%
Money Market
Key rates [+]10/17/20170%
Doing Business [+]201919º
IPI Year on Year [+]December 2019-3.2%
Passengers vehicles Year [+]June 201917,294
Annual Vehicles/ 1,000 p. [+]June 201911.19
Vehicles / 1,000 people [+]2015390.99
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]201838.9%
Exports [+]201913,813.2 M.€
Exports [+]201713,978.2 M.$
Exports % GDP [+]201846.91%
Imports [+]201916,688.6 M.€
Imports [+]201716,828.6 M.$
Imports % GDP [+]201857.27%
Trade balance [+]2019-2,875.6 M.€
Trade balance [+]2017-2,850.4 M.$
Trade balance % GDP [+]2018-10.36%
Retail Sales YoY [+]December 20192.8%
Ranking [+]201535º
Density [+]201830
Global Peace Ranking [+]201935º
Crude divorce rate [+]20173.10‰
Remittance received (M.$) [+]20171,090.0
% Immigrant [+]201912.36%
% Emigrant [+]201917.30%
Birth Rate [+]201810.00‰
Remittance sent (M.$) [+]2017335.2
Crude death rate [+]201815.00‰
Fertility Rate [+]20181.60
Rate Homicides per 100.000 [+]20174.20
Crude marriage rate [+]20186.80‰
% risk of poverty [+]201621.8%
Population [+]20181,919,968
Immigrant stock [+]2019237,266
Emigrant stock [+]2019332,220
HDI [+]20170.847
Gender Gap Ranking [+]201817º
Life expectancy [+]201875.10
Number of homicides [+]201781
Energy and Environment
CO2 Tons per capita [+]20184.05