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

When doing business in various countries, ensuring that documents are translated appropriately is critical. Global People Strategist offers translation services to give you confidence when translating foreign documents! #InternationalTranslationDay #TranslationServices

By 2050, the United Nations projects that half of the world’s population growth will be concentrated in just 9 countries: India, Nigeria, the Democratic Republic of the Congo, Pakistan, Ethiopia, the United Republic of Tanzania, the United States of America, Uganda, and Indonesia

Today is the European Day of Languages which aims to encourage language learning for citizens all across Europe! More than 54% of European citizens currently speak more than one language! #EuropeanDayofLanguages #Europe #BusinessinEurope #Languages #BiLangual #GlobalBusiness

Did you Know? The ILO estimates that during the second quarter of 2020, 557 million workers worked from home, accounting for about 18% of the global workforce! Did you work from home in 2020? #InternationaLabourOrganization #ILO #RemoteWork #WorkFromHome #GlobalWorkforce

Did you Know? The ILO estimates that during the second quarter of 2020, 557 million workers worked from home, accounting for about 18% of the global workforce! Did you work from home in 2020? #InternationaLabourOrganization #ILO #RemoteWork #WorkFromHome #GlobalWorkforce

Load More...