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Farmaco Business Development Friesland

Latvia

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General Information 
Economy
Trade with the Netherlands
Regions
Map


General Information

 
Capital City: Riga (747,000 inhabitants)
Area: 64,589 sq km (1.5 times of Netherlands)
Climate: maritime, wet, moderate winters
Landscape: low plain
Population: 2,290,237 (July 2005 est.)
Ethnic Groups: Latvian 57.7%, Russian 29.6%, Belarusian 4.1%, Ukrainian 2.7%, Polish 2.5%, Lithuanian 1.4%, other 2% (2002)
Languages: Latvian (official) 58.2%, Russian 37.5%, Lithuanian and other 4.3% (2000 census)
Religions: Lutheran, Roman Catholic, Russian Orthodox
Nat. Holiday: Independence Day, 18 November
Government:

Parliamentary Republic

President: Vaira Vike-Freiberga (since 8 July 1999)
Prime Minister:

Aigars Kalvitis (since 2 December 2004)

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Economy

Currency:

Latvian lat (LVL)

GDP:

$26.53 billion (2004 est.)

GDP per capita:

$11,500 (2004 est.)

GDP real growth: 

7.6% (2004 est.)

Inflation rate:

6% (2004 est.)

Labour force
per sector:

Services 36%, industry 25%, trade and transport 24%, agriculture 15%

Unemployment:

8.8% (2004 est.)

Exports:

$3.569 billion f.o.b. (2004 est.)

- products:

wood and wood products, machinery and equipment, metals, textiles, food products

- partners:

UK 22.1%, Germany 9.9%, US 8.2%, Sweden 7.3%, France 6.6%, Lithuania 6.4%, Estonia 5.2%, Denmark 4.2%, Russia 4.1% (2004)

Imports:

$5.97 billion f.o.b. (2004 est.)

- products:

machinery and equipment, chemicals, fuels, vehicles

- partners:

Germany 16.1%, Russia 14.4%, Lithuania 7.6%, Finland 6.5%, Sweden 5.6%, Estonia 5.1%, Italy 4.2%, Poland 4% (2004)

Growth sectors:

Service

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Trade with the Netherlands

 

NL exports:

€ 168,4 million (2002)

- products:

Food products (vegetables, fruits, meat), transport equipment, machines

NL imports:

€ 88,7 million (2002)

- products:

Oil products, wood, textiles

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Economic regions

Riga region

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Map

Map Latvia

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Source: CIA World Factbook, The Netherlands Ministry of Foreign Affairs

 

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