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Latvia
Latvia · LVA · Europe
25
Risk Score
Guarded→ Stable
Risk Factors
No recent events in pipeline
Overview
Latvia is a Baltic state and a member of the European Union and NATO, with a small, open economy. It has successfully transitioned to a market-oriented system, focusing on services, high-tech industries, and wood products.
Leadership
Edgars Rinkēvičs
President
Government: Parliamentary Republic
Evika Siliņa
Baiba Braže
Arvils Ašeradens
Economy
GDP
$52.5B
GDP per Capita
$27.0K
GDP Growth
+2.8%
Inflation
2.3%
Unemployment
6.2%
ServicesManufacturingITAgricultureWood Products
Trade
Key Exports
Wood and Wood ProductsMachinery and EquipmentMetalsAgricultural ProductsFood
Key Imports
MachineryVehiclesChemicalsFuelFood Products
Top Partners
LithuaniaEstoniaGermanySweden
Headlines (8)
Sputnik News1d ago
NATO Shield Won't Save Latvia From Russian Retaliation - Foreign Ministry
Read moreOutlook India3d ago
Aryna Sabalenka Vs Jelena Ostapenko Live Score, Wimbledon 2026: Top Seed Faces Latvian Opponent In Third Round
Read moreBBC News3d ago
Wimbledon 2026 results: Aryna Sabalenka beats Jelena Ostapenko and faces Naomi Osaka next
Read moreDefenseNews.com6d ago