Latvia

Official Name:	The Republic of Latvia
Sovereign Status:	Sovereign Country
Government Type:	Parliamentary Republic
Official Name (Local Language):	Latvijas Republika
ISO Country Codes:	LV : LVA
Internet Domain:	.lv
Government Web Site:	https://www.mfa.gov.lv/

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UN Location Codes

IATA Airports

Capital:	Riga	Main Airports:	Riga International Airport
Language(s):	Latvian;Russian	Population:	1,842,226
Currency:	Euro	ISO Currency Code:	EUR
Telephone Dial In:	+371	ID Prefix:	00

Source: Central Intelligence Agency Factbook

Country Summaries:

BBC; CIA Factbook; Commisceo Global; Country Code; Infoplease; International Model United Nations Association; Law Library of Congress; NationMaster; NationsOnline; UNESCO;

Political & Cultural Organisations:

Australia Group; Baltic Assembly; Baltic Sea States Subregional Co Operation; Community of Democracies; Council of Europe; Council of The Baltic Sea States; Euro Atlantic Partnership Council; European Union; Inter Parliamentary Union; NATO; Organisation Internationale de la Francophonie; Organization for Security and Cooperation In Europe; UN; UNESCO;

Travel Guides:

Fodor's Travel; Lonely Planet; Rough Guide

News Resources:

News Agency

Show

Baltic News Service;

Delfi;

Latvian Information Agency;

Latvian News Service;

Newspaper

Show

Neatkarīgā Rīta Avīze;

Radio

Show

Latvia

Government Website:	https://www.mfa.gov.lv/
Sovereign Ratings:	https://countryeconomy.com/ratings/latvia
Central Bank:	Bank of Latvia
Currency USD Exchange Rate:	0.82771 euros (EUR) per US dollar (2020 est.)
Unemployment Rate:	6.14% (2019 est.)
Population below poverty line:	22.9% (2018 est.)
Inflation Rate:	2.8% (2019 est.)

Prime Lending Rate:	4.05% (Dec-20 - TradingEconomics)
GDP:	$60.457 billion (2021 est.)
GDP Pro Capita (PPP):	$32,100 (2021 est.)
Currency Name:	Euro
Currency Code:	EUR
World Bank Classification:	High-Income Economy

GDP Composition:

Agriculture:	4.8%	grain, rapeseed, potatoes, vegetables; pork, poultry, milk, eggs; fish
Industry:	24.4%	processed foods, processed wood products, textiles, processed metals, pharmaceuticals, railroad cars, synthetic fibers, electronics
Services:	70.8%

Source: Central Intelligence Agency Factbook

Financial & Economic Organisations:

EBRD; FAO; IMF; International Labour Organization; OECD; Un Economic Commission for Europe; UNIDO; World Bank;

Financial & Economic Profiles:

Countryeconomy; EBRD; FAO; IMF; International Labour Organization; OECD; UNDP Human Development; World Bank;

Financial Exchanges:

Stock & Securities Exchange: Nasdaq Riga ;

National Statistics Office:

Central Statistical Bureau of Latvia;

National Dataset(s):

Focus Economics; Trading Economics;

Latvia

Subject to Country Specific Sanctions? NO

The World Bank’s World Integrated Trade Solution

Trade Statistics

Trade Summary

Trade Indicators

Business Language(s):	English; Latvian
Customs & Excise:	Ministry of Finance
Development Bank(s):	Altum; The Social Development Bank in Europe; The European Bank for Reconstruction and Development;
National Standards Bureau:	Latvian Standard

Competitive Ind’l Performance: 41/141 (2019)	Corruption Perceptions Index: 39/180 (2022 Rank)
Ease of Doing Business: N/A	Enabling Trade Index: 40/136 (2016)
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