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CompareEconomy.com Comparison of world economies

Latvia

World Rank 137 1.63 Latvia flag svg
Capital
Area
Currency
Riga
64,589 km 2
Euro (EUR)

Table of Contents

Introduction

The Baltic state of Latvia is one of several small nations located in the Baltic region of Northern Europe. It shares borders with Estonia, Lithuania, Russia, and Belarus. The Republic of Latvia has almost 2 million inhabitants. Its capital and the largest city is Riga.

The land coverage of 64,589 square kilometers is quite substantial for such a small population. As a result, its density is one of the smallest in Europe - only 30 people per square kilometers. Total GDP (PPP) is $64.5 billion. As a result, its GDP per capita is $30,579. Though it is a relatively large number, it is still below average for the European standards.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#88 (2021)
39,853,501,579 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#101 (2021)
-1,365,012,419 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#69 (2021)
7.51 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)