Latvia Economic Sectors
Compared to the pre-war period, the Latvian economy has changed considerably. As part of Russia it was an important transit area and the export of many agricultural and forestry products allowed ships to be...
According to physicscat, Latvia is a small, Baltic nation located in Northern Europe with a population of around 2 million people according to 2013 estimates. The official language is Latvian, with Russian widely spoken as well. Latvia has been an independent nation since 1991 and is a member of the EU, NATO and the United Nations. The economy of Latvia in 2013 was largely based on its natural resources, which accounted for nearly quarter of total GDP and 60% of export revenues. Other important industries included agriculture, manufacturing, transportation and banking. The Lat was the official currency throughout the year. Latvia has a unique culture that is heavily influenced by its location in Northern Europe region. Traditional music and dance are popular activities among locals, while traditional art forms such as pottery are also prevalent. Additionally, sports such as ice hockey are popular among locals; however due to its small size, Latvia does not have many international events or competitions hosted within its borders. Latvia also has a strong education system with universities offering courses in various fields including engineering, medicine and law. Education is highly valued in Latvia; primary education is free for all citizens while higher education can be accessed through scholarships or grants provided by the government or private organizations. Latvia is a small country in Northern Europe, located between Estonia and Lithuania. It has a population of two million people, most of whom are ethnic Latvians. The official language of Latvia is Latvian, while Russian is also widely spoken. The capital and largest city of Latvia is Riga. In 2014, Latvia was officially part of the European Union and the eurozone, having joined in 2004. The economy was growing steadily, though still recovering from the global economic recession that had begun in 2008. Latvia’s main industries were agriculture, forestry and timber production, as well as manufacturing and services such as banking and finance. The country had a well-developed infrastructure including roads, railways and airports connecting it to other countries in Europe. The currency used in Latvia was the euro. Latvia had one of the lowest unemployment rates among all European countries in 2014 at just 8%, but wages were still lower than many other EU countries due to its relatively low level of economic development compared to its neighbors. There was also a large gap between urban and rural areas in terms of living standards with those living outside major cities often struggling to make ends meet due to lack of employment opportunities or access to public services such as healthcare or education. In spite of these challenges, Latvia had made considerable progress since 2004 when it joined the EU with improvements seen across all aspects of life including healthcare, education and social welfare benefits for citizens. Check aristmarketing for Latvia in 1997.
Compared to the pre-war period, the Latvian economy has changed considerably. As part of Russia it was an important transit area and the export of many agricultural and forestry products allowed ships to be...
State and politics Reference: Latvia Flag Meaning According to AllCityCodes.com, Latvia, in connection with its independence in 1991, returned to the constitution in force in the former Latvian Republic and originated in 1922. In...