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Latvia in facts & figures

Since joining the European Union, Latvia has considerably extended trade relations with leading European countries, at the same time maintaining its traditional links with Russia and other CIS countries.

Latvia in Figures

POLITICAL SYSTEM:parliamentary republic
AREA:64 589 km²
CAPITAL:Riga
POPULATION:about 2 million
INTERNATIONAL MEMBERSHIP:member of the EU and NATO since 2004; member of the WTO since 1998.
LANGUAGES:Latvian. Russian and English are also widely spoken
CURRENCY:Euro (€)
GDP:2014 – € 24 025 billion
GDP GROWTH:2014 – 2,4%
GDP PER CAPITA:2013 – € 17 300
ANNUAL INFLATION: 2013 – 1%; 2014 – 0.3%
ACCUMULATED FOREIGN DIRECT INVESTMENT (FDI):2014 – € 7 259 billion

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