Latvia

The Republic of Latvia (Latvian: Latvijas Republika) is a country in Northern Europe. Latvia has land borders with its two fellow Baltic states ? Estonia to the north and Lithuania to the south ? and Russia and Belarus to the east. In the west Latvia shares a maritime border with Sweden. The capital of Latvia, Riga (Latvian: R?ga), is the largest city in the Baltic States.

Economy

Main article: Economy of Latvia

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Since year 2000 Latvia has had one of the highest GDP growth rates in Europe http://epp.eurostat.cec.eu.int/portal/page?_pageid=1996,39140985&_dad=portal&_schema=PORTAL&screen=detailref&language=en&product=sdi_ed&root=sdi_ed/sdi_ed/sdi_ed1000. In 2004, annual GDP growth was 8.5% and inflation was 6.2%. Unemployment was 8.5% - almost unchanged compared to the previous two years. Privatization is mostly completed, except for some of the large state-owned utilities. Latvia is a member of the World Trade Organisation (1999) and the European Union (2004).

Related Topics:
2000 - GDP - Europe - 2004 - World Trade Organisation - 1999 - European Union

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