Office in Latvia

Kr.Valdemara 33-8b, LV-1010, Riga

Tel. + 371 67217421

E-mail: latvia@baltcham.ch


Office in Lithuania

Lvovo 25, LT-09320, Vilnius

Tel. +3705 203 29 60

E-mail: lithuania@baltcham.ch

Swisscham

LIAA

SEC

FICIL

OSEC

Latvia

Geography

Area

64.589 km2

Population

About 2,281 millions, Latvians 58%, Russians 30%, Belarusians 4%, less Ukrainians and Poles

Borders

Estonia 343 km, Russia 282 km, Belarus 167 km, Lithuania 576 km

Capital

Riga

Degree of Urbanisation

60%

Language

Latvian (official), Russian, English is also widely spoken

Time zone

Central European Time + 1 hour

Structure

26 counties (singular - rajons) and 7 municipalities

Religion

Evangelical Lutheran 55%, Catholics 24%, Russian-Orthodox 9%

Nature

Low plain, most of the country is composed of fertile, low-lying plains, with some hills in the east

Climate

Transitional, between maritime and continental; wet, moderate winters and summers.

Politics

State

Republic of Latvia (Latvijas Republika)

Form of government

Parliamentary democracy

National day

Independence Day, 18 November (1918)

Head of the State

Valdis Zatlers

Prime Minister

Prime Minister Ivars Godmanis

Parliament

Unicameral Parliament or Saeima (10 seats; members are elected by direct, popular vote to serve four-year terms)

Economy

Currency

1 Lats (Ls)= 100 Santims

GDP (06)

16 billion EUR

GDP per capita (06)

EUR 7002

GDP growth (06)

11,9%

Inflation (average,5 years)

6.9%

External trade (06)

Exports: 4683,98 million EUR; wood and wood products, machinery and equipment, metals and metl products, textiles, foodstuffs

Imports: 9051,94 million EUR; machinery and mechanical equipment, chemicals, fuels, vehicles, mineral products

Unemployment rate (06)

6,8%

Major industries

Buses, vans, street and railroad cars, synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles; note - dependent on imports for energy and raw materials

 

 

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