Latvia [+]Compare [E]dit [H]istory

Aliases: Latvian Soviet Socialist Republic, Latvija, Latvijas Republika, Republic of Latvia

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Object «Latvia» has attributes

Attribute Value
Area 64,589 km²
Continent Europe
Land area 62,249 km²
Water area 2,340 km²
Land boundaries 1,370 km
Border countries
  • Belarus
  • Estonia
  • Lithuania
  • Russia
Coastline 498 km
Mean elevation 87 m
Lowest point 0 m
Highest point 312 m
Population 1,881,232
Official languages
  • Latvian
Religion Lutheran
Long country name Republic of Latvia
Short country name Latvia
Long local name Latvijas Republika
Short local name Latvija
Former name
  • Latvian Soviet Socialist Republic
Government type Parliamentary republic
Capital Riga
GDP (PPP) 54,020,000,000 USD
GDP (OER) 30,330,000,000 USD
GDP (real growth rate) 4.5 %
GDP - per capita (PPP) 27,700 USD
Gross national saving 20.7 % of GDP
Labor force 990,000
Unemployment rate 8.7 %
Population below poverty line 25.5 %
Budget revenues 11,390,000,000 USD
Budget expenditures 11,530,000,000 USD
Military expenditures 2.01 % of GDP
Taxes and other revenues 37.5 % of GDP
Budget surplus or deficit -0.5 % of GDP
Public debt 36.3 % of GDP
Inflation rate 2.9 %
Central bank discount rate 0 %
Commercial bank prime lending rate 2.58 %
Stock of narrow money 12,910,000,000 USD
Stock of broad money 12,910,000,000 USD
Stock of domestic credit 17,270,000,000 USD
Market value of publicly traded shares 6,760,000,000 USD
Current account balance -231,000,000 USD
Exports 12,840,000,000 USD
Imports 15,790,000,000 USD
Reserves of foreign exchange and gold 4,614,000,000 USD
External debt 40,020,000,000 USD
National currency lati
National currency (code) LVL
National currency (symbol) Ls
National currency rate to USD 0.885

Several eastern Baltic tribes merged in medieval times to form the ethnic core of the Latvian people (ca. 8th-12th centuries A.D.). The region subsequently came under the control of Germans, Poles, Swedes, and finally, Russians. A Latvian republic emerged following World War I, but it was annexed by the USSR in 1940 - an action never recognized by the US and many other countries. Latvia reestablished its independence in 1991 following the breakup of the Soviet Union. Although the last Russian troops left in 1994, the status of the Russian minority (some 26% of the population) remains of concern to Moscow. Latvia acceded to both NATO and the EU in the spring of 2004; it joined the euro zone in 2014 and the OECD in 2016. A dual citizenship law was adopted in 2013, easing naturalization for non-citizen children.

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There was one edit, no edits waiting approval. Last edited by avery54(9375), Sep 16, 2019 (65 fields were changed)
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