|
|
Agriculture > products
grain, sugar beets, potatoes, vegetables; beef, pork, milk, eggs; fish |
|
Aid as % of GDP
|
1.3% |
|
[77th of 129]
|
|
Big Mac Index
|
$1.92 |
|
[46th of 65]
|
|
Debt > External
|
$29,850,000,000.00 |
|
[58th of 136]
|
|
Distribution of family income > Gini index
|
37.7 |
|
[21st of 43]
|
|
Economic freedom
|
2.55 |
|
[33rd of 156]
|
Economy > Overview
Latvia's economy experienced GDP growth of more than 10% per year during 2006-07. The majority of companies, banks, and real estate have been privatized, although the state still holds sizable stakes in a few large enterprises. Latvia officially joined the World Trade Organization in February 1999. EU membership, a top foreign policy goal, came in May 2004. The current account deficit - more than 22% of GDP in 2007 - and inflation - at nearly 10% per year - remain major concerns. |
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Exports
|
$8,143,000,000.00 |
|
[85th of 189]
|
|
GDP
|
$20,115,530,000.00 |
|
[76th of 203]
|
|
GDP > PPP
|
$27,740,000,000.00 |
|
[89th of 163]
|
|
GDP > Real growth rate
|
10.3% |
|
[14th of 198]
|
|
GINI index
|
37.67
|
|
[22nd of 40]
|
|
Gross National Income
|
$7,627,920,000.00 |
|
[87th of 172]
|
|
Human Development Index
|
0.836 |
|
[48th of 178]
|
|
Income category
|
Upper middle income |
|
|
|
Income distribution > Poorest 10%
|
2.9% |
|
[42nd of 114]
|
|
Income distribution > Richest 10%
|
25.9% |
|
[82nd of 114]
|
|
Poverty > Share of all poor people
|
0 % of world's poor |
|
[78th of 80]
|
|
Public debt
|
7.4 % of GDP |
|
[112nd of 121]
|
|
Tourist arrivals
|
220,000 |
|
[98th of 152]
|
... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; The Economist.; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Latvia, Republic of Latvia, Latvijas Republika, Latvija
Related links:
More facts and figures on Latvia
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