Latvia in Facts

On the world map, Latvia is to be found on the east coast of the Baltic Sea at the crossroads of northern and eastern Europe. Latvia, a parliamentary republic is bordered by Estonia to the north, Russia and Belarus to the east, Lithuania to the south and has a maritime border with Sweden to the west.

Latvia in Brief

Basic information about Latvia.

Download Data

Latvia Proud of ...

Artists, athletes, designers, scientists, enterprises which Latvia is proud of.

Download Data

The Baltic Way

Remembering the 25th anniversary of the manifestation.

Download Data

Basic facts

  • Name of country:  Republic of Latvia
  • Country code:   LV
  • Size of area:   64,573 km2
  • Population (as of January 2015):   1.953 million
  • Capital city:   Riga
  • Ethnic composition (beginning 2016):  
    • 61.8% Latvians,
    • 25.6% Russians,
    • 3.4% Belarusians,
    • 2.3% Ukrainians,
    • 2.1% Poles,
    • 1.2% Lithuanians,
    • 0.3% Jews,
    • 0.3% Roma,
    • 0.1% Germans,
    • 0.1% Estonians,
    • 2.8% other nationalities
  • Language:   Latvian (official), Russian, English and German are also widely spoke
  • Political system:   Republic, parliamentary democracy
  • Head of state:   President Mr. Raimonds Vējonis (elected in 2015 by Parliament for a four-year term)
  • Head of government:   Prime Minister Mr Māris Kučinskis
  • Membership in international organizations:
    • Member of NATO since 2004
    • Member of EU since 2004
    • Member of WTO since 1998
  • Political parties in Saeima represented in the 6 fractions of Parliament of Latvia (elected 2014): 
    • Social democrats party "Harmony" (Sociāldemokrātiskā partija "Saskaņa") = 24 seats
    • Unity (Vienotība) = 23 seats
    • Greens and Farmers Union (Zaļo un Zemnieku savienība) = 21 seats
    • National Alliance "All For Latvia!" – "For Fatherland and Freedom/ LNNK" (Nacionālā apvienība "Visu Latvijai!" – "Tēvzemei un Brīvībai/ LNNK") = 17 seats
    • Latvia’s Regional Alliance (Latvijas Reģionu Apvienība) = 8 seats
    • For Latvia from the Heart (No sirds Latvijai) = 7 seat


Economic indicators

  • GDP (2016):   EUR 25.021 billion
  • GDP (2015):   EUR 24.368 billion
  • Growth of GDP (2016):   2.0 %
  • Growth of GDP (2015):   2.7 %
  • GDP per capita (2016):   EUR 12,762
  • GDP per capita (2015):   EUR 12,324
  • Private Consumption (percentage of GDP, 2015):   60.3 %
  • Public Consumption (percentage of GDP, 2015):   18 %
  • Capital Account Balance (2016):    EUR 249.7 million
  • Gross Fixed Capital Formation (percentage of GDP, 2015):   22.8 %
  • Growth of Industrial Production (as % of previous period, calendar adjusted data, 2015):   4,9 %
  • Government Revenue (percentage of GDP, 2015):   35.9 %
  • Government Expenditure (percentage of GDP, 2015):   37.2 %
  • Inflation rate (2016):   0.1 %
  • Rate of Wage Growth (2016):   4,7%
  • Unemployment Rate (2016):   9.6 %
  • Fiscal Balance (percentage of GDP) (2015):   -1.3 %
  • Current Account (2016):   EUR 369.5 million
  • Exports of goods and services (2016):   EUR 14.51 billion
  • Imports of goods and services (2016):   EUR 14.37 billion
  • General Government Debt (2015):   EUR 8.872 billion
  • Currency:   Euro (EUR)
  • Credit Ratings (as at February 2017):
    • Fitch Ratings:   A- (Outlook: Stable)
    • Moody’s:   A3 (Outlook: Stable)
    • Standard & Poor’s:   A- (Outlook: Stable)
    • R&I:   BBB+ (Outlook: Stable)

Honorary Consulate of the Republic of Latvia | +62 21 2957 5010 / +371 6616 3344 | indonesia@consulate.lv