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:
Capital: Riga Main Airports: Riga International Airport
Language(s): Latvian;Russian Population: 1,862,687
Currency: Euro ISO Currency Code: EUR
Telephone Dial In: +371 ID Prefix: 00


Government Website:
Sovereign Ratings:
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: 25.5% (2015)
Inflation Rate: 2.8% (2019 est.)
Prime Lending Rate: 4.05% (Dec-20 - TradingEconomics)
GDP: $34.084 billion (2019 est.)
GDP Pro Capita (PPP): $30,898 (2019 est.)
Currency Name: Euro
Currency Code: EUR
World Bank Classification: High Income

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 Exchanges:
Stock & Securities Exchange: Nasdaq Riga ;

National Statistics Office:


Subject to Country Specific Sanctions? NO

The World Bank’s World Integrated Trade Solution

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: 42/180 (2020)
Ease of Doing Business: 19/190 (2019) Enabling Trade Index: 40/136 (2016)
Global Trade Alert Search ITC's Lega Carta
World Bank Logistics Performance Index

Export Credit & Insurance Show

Export Insurance Agency: Altum - Latvian Guarantee Agency ;

Investment & Export Promotion Show