States
Latvia
Profile
Latvia, officially known as the Republic of Latvia, is a country located in the Baltic region of Northern Europe. It is bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. Latvia has a diverse landscape that includes forests, lakes, and an extensive coastline along the Baltic Sea.
The country gained independence from the Russian Empire in 1918 and went through periods of occupation by both the Soviet Union and Nazi Germany during World War II. Latvia regained independence in 1991 and has since transitioned to a democratic parliamentary republic.
Latvia is known for its rich cultural heritage, including its distinctive Latvian language, traditional folk music, and folklore. The capital city, Riga, is renowned for its well-preserved medieval old town, which is a UNESCO World Heritage site. The country also offers a vibrant cultural scene, with numerous museums, theaters, and festivals.
Economically, Latvia has experienced significant growth since its independence, with sectors such as information technology, manufacturing, and services playing key roles. The country is also a member of the European Union and the Eurozone, using the euro as its currency.
Trading Partners (2022 Data)
- Exports to:
- Lithuania $ 4.3 B USD
- Germany $ 1.5 B USD
- Estonia $ 1.4 B USD
- Russia $ 1.3 B USD
- Sweden $ 1.3 B USD
- United Kingdom $ 1.2 B USD
- Finland $ 1.1 B USD
- Denmark $ 892 M USD
- Netherlands $ 845 M USD
- Poland $ 822 M USD
Company Actions (4 Companies)
Policy:
Progress:
| Continue Operations | 25.0 % |
| Exit Completed | 25.0 % |
| Scaling Back Operations | 25.0 % |
| Removal Of Products | 25.0 % |
Statistical Data
- Population: 1,886,198
- GDP: $ 39.9 B USD
- Land Area:62,200 km2
- Population Density:30 per km2
Sanctions
Sanctions against Latvia
Sanctioned by Latvia
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