Latvia
General information
Capital: Riga
Currency unit: Euro
Area: 64,590 km²
Total population: 1,866,120
GDP (millions of US dollars): 43,684
GDP per capita, PPP (current international US dollars): 43,394
Production
Agriculture (% of GDP): 4.6 %
Manufacture (% of GDP): 11.4 %
Industry excluding manufacture (% of GDP): 9.8 %
Services (% of GDP): 74.1 %
Trade
Total exports (millions of US dollars): 28,536
Total imports (millions of US dollars): 29,234
Main exported goods (% of total exports):
Wood simply worked, and railway sleepers of wood (4.9 %)
Wheat (including spelt) and meslin, unmilled (4.4 %)
Alcoholic beverages (4.2 %)
Veneers, plywood, and other wood, worked (4.0 %)
Telecommunication equipment; & parts (3.8 %)
Price competitiveness
This section brings together various indicators related to the price dimension of countries’ competitiveness. These indicators include both measures of external price competitiveness (the price ratio between domestic and foreign goods in international markets) and internal price competitiveness (the price ratio between tradable and non-tradable domestic goods). All these indices are calculated for each country relative to a base year and constructed such that an increase in the index corresponds to a decline in the country’s price competitiveness.
| Latvia | ||
|---|---|---|
| Price competitiveness | - | |
| Nominal Effective Exchange Rate Latvia: 114 | 114 | |
| Real Effective Exchange Rate Latvia: 122 | 122 | |
| Internal Real Exchange Rate Latvia: 110 | 110 |