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 1,934,379 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 98 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 5,574€ euros per inhabitant6,297$ dollars per inhabitant.

The last annual rate of CPI published in Latvia was on September of 2018 and it was 3.2%.

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
Comptes nationaux - Government
Qu. GDP Per Capita [+]2018Q23,746€
Annual GDP [+]201726,857M.€
Annual GDP [+]201730,000M.$
GDP per capita [+]201713,900€
GDP per capita [+]201715,509$
Quarterly GDP [+]2018Q27,246M.€
Debt [+]201710,782
Debt [+]201712,181
Debt (%GDP) [+]201740.10%
Debt Per Capita [+]20175,574€
Debt Per Capita [+]20176,297$
Deficit (M.€) [+]2017-131
Deficit (M.$) [+]2017-148
Deficit (%GDP) [+]2017-0.50%
Expenditure (M.€) [+]201710,214.1
Expenditure (M.$) [+]201711,538.9
Education Expenditure (M.€) [+]20141,248.3
Education Expenditure (M.$) [+]20141,658.8
Education Expenditure (%Bud.) [+]201413.96%
Gov. Health Exp. (M.€) [+]2017912.4
Gov. Health Exp. (%Bud.) [+]20149.81%
Defence Expenditure (M.€) [+]2017462.4
Defence Expenditure (M.$) [+]2017516.5
Defence Expenditure (%Bud.) [+]20174.48%
Expenditure (%GDP) [+]201738.00%
Expenditure Per Capita [+]20175,280€
Expenditure Per Capita [+]20175,965$
Education Expenditure P.C [+]2014624€
Education Expenditure P.C [+]2014829$
Gov. Health Exp. P.C. [+]2017468€
Defence Expenditure P.C. [+]2017239€
Defence Expenditure P.C. [+]2017267$
Moody's Rating [+]07/14/2017A3
S&P Rating [+]09/21/2018A
Fitch Rating [+]04/27/2018A-
Corruption Index [+]201758
Competitiveness Ranking [+]201754º
Fragile States Index [+]201548.6
RTI Raking [+]11/01/201679º
Innovation Ranking [+]201733º
Unemployment Rate [+]August 20187.4%
Unemployment rate [+]2018Q27.7%
Unemployed [+]2018Q275 m.
NMW [+]2018515.7 $
NMW [+]2018430.0 €
Average Wage [+]201710,905€
Average Wage [+]201413,059$
Human Capital Ranking [+]201627º
US Dollar exchange rate [+]10/12/20180.8640
Stock ExchangeYTD % [+]10/12/2018-6.10%
CPI (overall index) [+]September 20183.2%
HICP [+]September 20183.3%
PPI Year on Year [+]August 20187.8%
Money Market
Key rates [+]10/17/20170%
Doing Business [+]201819º
IPI Year on Year [+]August 20186.4%
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 [+]201721.4%
Exports [+]201712,250.6 M.€
Exports [+]201713,823.3 M.$
Exports % GDP [+]201745.61%
Imports [+]201714,873.1 M.€
Imports [+]201716,799.8 M.$
Imports % GDP [+]201755.38%
Trade balance [+]2017-2,622.5 M.€
Trade balance [+]2017-2,976.4 M.$
Trade balance % GDP [+]2017-9.76%
Retail Sales YoY [+]August 20182.0%
Density [+]201730
Population [+]20171,934,379
Immigrant stock [+]2017256,889
Remittance received (M.$) [+]20161,269.3
% Immigrant [+]201713.28%
Remittance sent (M.$) [+]2016284.8
Emigrant stock [+]2017374,002
% Emigrant [+]201719.33%
HDI [+]20170.847
Global Peace Ranking [+]201831º
Gender Gap Ranking [+]201618º
Ranking [+]201535º
Birth Rate [+]201710.70‰
Fertility Rate [+]20161.74
Crude death rate [+]201714.80‰
Life expectancy [+]201674.90
Crude marriage rate [+]20166.60‰
Crude divorce rate [+]20163.10‰
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