Latvia in facts
Location
The Baltic country of
Fact Sheet
| Political system |
Republic, parliamentary democracy |
| International membership |
Member of EU and NATO since 2004 |
| Capital | Rīga |
|
Other major cities |
|
| Population (01.2012) | 2.04 million |
| Area | 64 589 km2 |
| Language | Latvian (official); Russian, English and German are also widely spoken |
| Legal system | Based on civil law |
| Currency | 1 'Lats' (LVL) = 100 'santīms' |
| Average exchange rate (2011) |
1 LVL = 1.423 EUR |
| GDP (2012) | EUR 22.084 billion |
| GDP growth (2012) | 5.6% |
| GDP per capita (2012) | EUR 10 855 |
| Inflation rate (2012) | 2.3% |
| Accumulated FDI (2012) | EUR 10.015 billion |
| Accumulated FDI per capita (2012) | EUR 4 937 |
Source: Central Statistical Bureau of Latvia
Additional information at
www.csb.lv – Central Statistic Bureau of Latvia
www.bank.lv – Central Bank of Latvia
www.li.lv – Latvian Institute
www.liaa.gov.lv – Investment and Development Agency of Latvia
www.exim.lv – Latvian Export and Import Directory, a database of Latvian exporters and business proposals
Investment Ratings (long term)*
| Agency | Foreign Currency |
| Fitch Ratings | BBB (Outlook: Positive) |
| Moody’s | Baa2 (Outlook: Positive) |
| Standard&Poor’s | BBB+ (Outlook: Stable) |
| R&I | BBB (Outlook: Stable) |
*As at April 2013
Additional information on ratings of particular industries and/or banks
www.fitchratings.com
www.moodys.com
www.standardandpoors.com
www.r-i.co.jp
Last update 18.04.2013