About Latvia
Quick Facts
- Population
- 2,178,443 (July 2013 est.)
- Area
- 64,589 sq km
- ISO Code
- LV
- Continent
- Europe
- Government
- parliamentary democracy
- Active Causes
- 12
Europe
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maritime; wet, moderate winters
low plain
peat, limestone, dolomite, amber, hydropower, timber, arable land
Latvia's environment has benefited from a shift to service industries after the country regained independence; the main environmental priorities are improvement of drinking water quality and sewage sy...
Latvian (official) 58.2%, Russian 37.5%, Lithuanian and other 4.3% (2000 census)
Lutheran 19.6%, Orthodox 15.3%, other Christian 1%, other 0.4%, unspecified 63.7% (2006)
6.7% of GDP (2010) of GDP
5% of GDP (2010) of GDP
Latvia is a small, open economy with exports contributing nearly a third of GDP. Due to its geographical location, transit services are highly-developed, along with timber and wood-processing, agriculture and food products, and manufacturing of machinery and electronics industries. Corruption continues to be an impediment to attracting foreign direct investment and Latvia's low birth rate and decreasing population are major challenges to its long-term economic vitality. Latvia's economy experienced GDP growth of more than 10% per year during 2006-07, but entered a severe recession in 2008 as a...
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