Latvia's Economic and Financial Outlook
Latvia Belongs to Core Europe
Latvia belongs to core Europe. The country is also deeply integrated in the international community and committed to high
standards in terms of the quality of economic policies and governance.
Key Facts
Territory
Borders
Capital
64,573 sq. km¹
Estonia, Lithuania, Belarus and Russia
Riga
1.93 million 1
Euro
Population 2018
Currency
GDP per capita 2018
Nominal GDP 2018
EUR 15.3281
Latvia is a Member of the Eurozone, NATO and OECD
Europe |
Eurozone Members
I
NATO Members
EUR 29.52 billion¹
Main economic sectors
2017
Services (74%) and Manufacturing (13%)
OECD Members
Source: Central Statistical Bureau of Latvia
CO
6
Latvia Regains
Independence
Latvia Admitted
to NATO
Approval of Loan
Programme with
IMF, EC and
Bilateral Lenders
Latvia joins
Eurozone/
Economic and
Monetary Union
Latvia Becomes
OECD Member
OECD
1991
1991
Aug
Sep
Mar 2004
2004
May
2008
Dec
Dec
2011-Jan
2012
2014
Jan
Jan - Jun
2015
Jul
2016
Latvia Becomes
UN Member
Latvia Enters EU
International
Loan Programme
with IMF/EC
Closed
Successfully
Latvia's
Presidency of EU
CouncilView entire presentation