All Countries
🇱🇻
Latvia
Latvia · LVA · Europe
25
Risk Score
Guarded→ Stable
Risk Factors
No recent events in pipeline
Overview
Latvia is a Baltic state and member of the European Union and NATO, having successfully transitioned from a Soviet-era planned economy to a market-oriented one. It boasts a strategic location and a growing services sector, but faces demographic challenges.
Leadership
Edgars Rinkēvičs
President
GOVERNMENT: Unitary parliamentary republic
Evika Siliņa
Baiba Braže
Arvils Ašeradens
Economy
GDP
$49.0B
GDP per Capita
$27.0K
GDP Growth
+2.8%
Inflation
2.3%
Unemployment
6.2%
ServicesManufacturingAgricultureWood Products
Trade
Key Exports
Wood and Wood ProductsMachinery and EquipmentMetalsAgricultural ProductsTextiles
Key Imports
MachineryVehiclesChemicalsFuelsFoodstuffs
Top Partners
LithuaniaEstoniaGermanyPolandSweden