Located in the Baltic region of Northern Europe, Latvia is a member of the European Union and home to Latvians, Livonians, as well as a number of ethnic Russians. Its capital city is Riga and the country’s population is just shy of 2 million people, as of the 2018 estimate.

Its political history has included Swedish, Polish and Russian rule, most recently as part of the Soviet Union for 45 years after WWII and until its independence in 1990. Latvians have continued to maintain their cultural identity throughout foreign occupation through their language and musical traditions. Latvia has a temperate climate composed of forests, as well as arable land. Common species of wildlife include wild boar, moose and wolves. The white wagtail is the national bird of Latvia.

The Latvian economy, which experienced a high growth rate in the 2000s, suffered much the same as others in 2008 and is still trying to recover and stabilize. The unemployment rate has improved and its GDP has recovered some of its earlier momentum. The transportation sector is around 14% of its GDP, given its prime location between larger economies such as the Nordic states and Russia.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 7.3%
Industry 23.7%
Services 68.9%

Employment Distribution by Education

Age 15+

Less than Basic 0.0%
Basic 7.4%
Intermediate 53.8%
Advanced 38.7%
Level Not Stated 0%

Age 15-24

Less than Basic 0%
Basic 17.1%
Intermediate 69.8%
Advanced 13.1%
Level Not Stated 0%

Age 15-64

Less than Basic 0.0%
Basic 7.4%
Intermediate 53.9%
Advanced 38.6%
Level Not Stated 0%

Age 25+

Less than Basic 0.0%
Basic 6.8%
Intermediate 52.8%
Advanced 40.4%
Level Not Stated 0%

Schedule a Demo

#Venezuela's Independence Declaration Day is held on April 19 and commemorates the declaration of a local junta (local military) in Caracas in 1810 and the beginning of the Venezuelan War of Independence. #globalcompliance #globalhr #globalpeoplestrategist #globalholidays

Have you considered what it takes to set up payroll in another country? Let Global People Strategist help make it easy! We can help you combine all of your payrolls into one user-friendly platform! Schedule a consultation here: https://t.co/fbN7VX3BZD

Israeli Independence Day, commemorates the declaration of independence of Israel in 1948, and is held on the fifth day of the Hebrew month of Iyar. #globalcompliance #globalhr #globalpeoplestrategist #globalholidays #Israel #IndependenceDay #IsraeliIndependence #YomHaatzmaut

#PanAmericanDay is held on April 14 in #Honduras. This day commemorates the creation of the International Union of American Republics at the First International Conference of American States on this day in 1890. #globalcompliance #globalhr #globalpeoplestrategist #globalholidays

#Liberia's National Redemption Day is held on April 12 and marks the anniversary of the coup d’état that was led by Samuel Doe on this day in 1980, killing Liberian President William Tolbert and 26 other government leaders. #globalcompliance #globalhr #globalpeoplestrategist

Load More...