Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is bordered by Estonia, Lithuania, Russia, Belarus and by a maritime border to the west with Sweden. Latvia has over 2 million inhabitants and total land of 62249 sq. Latvia is a democratic parliamentary republic established in 1918. The capital city is Riga, the European Capital of Culture 2014. Latvian is the official language. Latvia is a unitary state. Latvia is a member of NATO, European Union, United Nations, Council of Europe, CBSS, IMF, NB8, NIB, OSCE, WTO and OECD. For 2013, Latvia is listed 44th on the Human Development Index and as a high income country. It used the Latvian lats as its currency until this was replaced by the euro on 1 January 2014
Latvia had estimated population of 1.969 million in the year 2016 and expected to decrease and reach 1.936 million by 2022. Latvia's around 0.893 million was employed in 2016 and the unemployment rate was 9.64% of total labor force.
Latvia's real gross domestic product (GDP) was around Euro 21.781 billions in 2016 whereas the nominal GDP was Euro 25.018 billions. This resulted in GDP deflator 114.86. Per capita GDP was estimated at USD 14060.40 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 25709.81.
In 2016, Latvian government's revenue was Euro 9.07 billions whereas the expenditure was Euro 9.172 billions. This resulted Latvian government's net lending / borrowing negative at Euro 0.102 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Latvia was estimated to be at USD 0.409 billions for the year 2016 and is expected to decrease at a CAGR of 13.74% and reach USD 0.517 by 2022. This negative current account balance indicates the Latvia is net borrower from the whole world.
Scope of Latvia – SWOT Analysis Report
• This report provides information about key macroeconomic indicators for Latvia.
• This report provides SWOT analysis for Latvia.
1. Executive Summary
Scope of Latvia – SWOT Analysis Report
Research Methodology
2. Latvia - Country Overview
2.1 People Indicators
2.1.1 Population
2.1.2 Employment
2.1.3 Unemployment
2.2 National Accounts Indicators
2.2.1 Real Gross Domestic Product
2.2.2 Nominal Gross Domestic Product
2.2.3 Gross Domestic Product Deflator
2.2.4 Per Capita Gross Domestic Product
2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.6 Total Investment / Gross Capital Formation
2.2.7 Gross National Savings
2.3 Monetary Indicators
2.3.1 Consumer Price Index (CPI) Inflation
2.4 Trade Indicators
2.4.1 Change in Import Volume of Goods & Services
2.4.2 Change in Export Volume of Goods & Services
2.5 Government Finance Indicators
2.5.1 Government Revenue
2.5.2 Government Expenditure
2.5.3 Government Net Lending / Borrowing
2.5.4 Government Gross Debt
2.5.5 Government Net Debt
2.6 Balance of Payment Indicators
2.6.1 Current Account Balance
3. SWOT Analysis
3.1 Strengths
3.2 Waeknesses
3.3 Oportunities
3.4 Threats
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Population of Latvia (in millions)
Exhibit 2.2 People Employment in Latvia (in millions)
Exhibit 2.3 Unemployment Level in Latvia (in %)
Exhibit 2.4 Real GDP of Latvia (in Euro billions)
Exhibit 2.5 Nominal GDP of Latvia (in Euro billions)
Exhibit 2.6 Nominal GDP of Latvia (in USD billions)
Exhibit 2.7 GDP Deflator Index for Latvia
Exhibit 2.8 Per Capita GDP of Latvia (in USD)
Exhibit 2.9 PPP Per Capita GDP of Latvia (in USD)
Exhibit 2.10 Total Investment of Latvia (in %)
Exhibit 2.11 Gross National Savings of Latvia (in %)
Exhibit 2.12 Consumer Price Index (CPI) Inflation of Latvia
Exhibit 2.13 Change in Import Volume of Goods & Services of Latvia (in %)
Exhibit 2.14 Change in Export Volume of Goods & Services of Latvia (in %)
Exhibit 2.15 Government Revenue of Latvia (in Euro billions)
Exhibit 2.16 Government Revenue of Latvia (in % of GDP)
Exhibit 2.17 Government Expenditure of Latvia (in Euro billions)
Exhibit 2.18 Government Expenditure of Latvia (in % of GDP)
Exhibit 2.19 Government Net Lending / Borrowing of Latvia (in Euro billions)
Exhibit 2.20 Government Net Lending / Borrowing of Latvia (in % of GDP)
Exhibit 2.21 Government Gross Debt of Latvia (in Euro billions)
Exhibit 2.22 Government Gross Debt of Latvia (in % of GDP)
Exhibit 2.23 Government Net Debt of Latvia (in Euro billions)
Exhibit 2.24 Government Net Debt of Latvia (in % of GDP)
Exhibit 2.25 Current Account Balance of Latvia (in USD billions)
Exhibit 2.26 Current Account Balance of Latvia (in % of GDP)
*If Applicable.