Country profile
Latvia
Europe · Capital: Riga · Currency: Euro (EUR)
Latvia is a country in Europe, with its capital at Riga. It has a GDP of $48.62B (2025), a population of 1.8M (2025), a GDP per capita of $26,312.
- GDP
- $48.62B
- GDP per capita
- $26,312
- Population
- 1.8M
- GDP per capita (PPP)
- $46,137
2025 · #99 of 186
2025 · #48 of 186
2025 · #150 of 216
2025 · #49 of 185
Economy
- GDP
- $48.62B2025 · #99
- GDP per capita
- $26,3122025 · #48
- GDP growth
- 2.14%2025 · #130
- Inflation
- 3.75%2025 · #104
- Unemployment
- 6.57%2025 · #119
- Population
- 1.8M2025 · #150
- GDP (PPP)
- $85.25B2025 · #106
- GDP per capita (PPP)
- $46,1372025 · #49
- Gini index
- 34.02023 · #73
- Government debt
- 47.4%2026 · #78
People
- Median age
- 45.5 yrs2024 · #15
- Fertility rate
- 1.2 children/woman2024 · #194
- Urbanization
- 68.6%2025 · #96
- Net migration
- −7,330/yr2025 · #144
- Life expectancy
- 76.4 yrs2024 · #94
- HDI
- 0.8892023 · #41
- Homicide rate
- 2.5 per 100k2023 · #89
Money
- Average wage (PPP)
- $3,797/mo2024 · #26
- Minimum wage
- $900/mo2026 · #28
- Minimum wage (PPP)
- $1,285/mo2024 · #25
- Corporate tax
- 0% (20% on distribution)2024 · #207
- Top income tax
- 31.4%2024 · #85
Figures
- Internet users
- 92.7%2024 · #42
- CO₂ per capita
- 3.6 t2024 · #79
- Area
- 64,559 km²#126
- Population density
- 29 /km²2025 · #175
- McDonald's
- 142024 · #81
- Unicorn startups
- 12026-03 · #53
- Billionaires
- 02026
- Passport power
- 183 destinations2026 · #25
- Corruption index
- 59/1002024 · #40
- Military spending
- 3.3%2024 · #21
- Renewable energy
- 44.0%2021 · #55
Globenomics Company Index
The largest companies headquartered in Latvia.
- 1LatvenergoTrade of electricityRevenue · 2023 · ~$1.51B
- 2AirBalticPassenger air transportRevenue · 2023 · ~$714.17M
- 3Latvijas valsts mežiForestry and loggingRevenue · 2023 · ~$676.89M
- 4Elko GrupaWholesale of information and communication equipmentRevenue · 2023 · ~$585.36M