Official Name: | The Republic of Latvia |
Sovereign Status: | Sovereign Country |
Government Type: | Parliamentary Republic |
Official Name (Local Language): | Latvijas Republika |
ISO Country Codes: | LV : LVA |
Internet Domain: | .lv |
Government Web Site: | https://www.mfa.gov.lv/ |
Capital: | Riga | Main Airports: | Riga International Airport |
Language(s): | Latvian;Russian | Population: | 1,842,226 |
Currency: | Euro | ISO Currency Code: | EUR |
Telephone Dial In: | +371 | ID Prefix: | 00 |
Government Website: | https://www.mfa.gov.lv/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/latvia |
Central Bank: | Bank of Latvia |
GDP: | $60.457 billion (2021 est.) |
GDP Pro Capita (PPP): | $32,100 (2021 est.) |
Currency & USD Exchange Rate: | Euro |
Currency Code: | EUR |
World Bank Classification: | High-Income Economy |
GDP Composition:
Agriculture: | 4.8% | grain, rapeseed, potatoes, vegetables; pork, poultry, milk, eggs; fish |
Industry: | 24.4% | processed foods, processed wood products, textiles, processed metals, pharmaceuticals, railroad cars, synthetic fibers, electronics |
Services: | 70.8% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English; Latvian |
Customs & Excise: | Ministry of Finance |
Development Bank(s): | Altum; The Social Development Bank in Europe; The European Bank for Reconstruction and Development; |
National Standards Bureau: | Latvian Standard |
Competitive Ind’l Performance: 41/141 (2019) | Corruption Perceptions Index: 39/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: 40/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
Export Insurance Agency: Altum - Latvian Guarantee Agency ;
Investment Agency: Investment and Development Agency of Latvia ;
N/A
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British Chambers of Commerce Overseas |
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The British Chamber of Commerce in Latvia The BCCL is a members' association set up in 1996 to foster business relationships between Latvia and the UK. We run many events, both formal and informal, where business people can meet, compare notes, and make new contacts. The Chamber provides information to our members by sending out regular e-mail bulletins on news, events and business enquiries. |
Joint-Venture Chambers of Commerce No resources available |
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British Representation Overseas |
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The British Embassy in Riga |
Department for International Trade Latvia |
UK Science & Innovation Network in Latvia |
Foreign Representation in the U.K. |
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Embassy of the Republic of Latvia EmbassyPages EmbassyHomePage |