Latvia:
Economy

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Economy - overview	Definition Latvia's economy experienced GDP growth of more than 10% per year during 2006-07. The majority of companies, banks, and real estate have been privatized, although the state still holds sizable stakes in a few large enterprises. Latvia officially joined the World Trade Organization in February 1999. EU membership, a top foreign policy goal, came in May 2004. The current account deficit - more than 22% of GDP in 2007 - and inflation - at nearly 10% per year - remain major concerns.
GDP (purchasing power parity)	Definition - World rank and map $39.73 billion (2007 est.)
GDP (official exchange rate)	Definition $27.34 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 10.2% (2007 est.)
GDP - per capita	Definition - World rank and map $17,400 (2007 est.)
GDP - composition by sector	Definition agriculture: 3.3% industry: 22% services: 74.7% (2007 est.)
Labor force	Definition 1.167 million (2007 est.)
Labor force - by occupation	Definition agriculture: 13% industry: 19% services: 68% (2005 est.)
Unemployment rate	Definition - World rank and map 5.7% (2007 est.)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: 2.5% highest 10%: 29.1% (2003)
Distribution of family income - Gini index	Definition - World rank and map 37.7 (2003)
Inflation rate (consumer prices)	Definition - World rank and map 10.1% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 31.6% of GDP (2007 est.)
Budget	Definition revenues: $10.47 billion expenditures: $10.29 billion (2007 est.)
Public debt	Definition - World rank and map 7.4% of GDP (2007 est.)
Agriculture - products	Definition grain, sugar beets, potatoes, vegetables; beef, pork, milk, eggs; fish
Industries	Definition buses, vans, street and railroad cars; synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles; note - dependent on imports for energy and raw materials
Industrial production growth rate	Definition - World rank and map 5.4% (2007 est.)
Electricity - production	Definition - World rank and map 4.778 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 6.09 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 2,712.2 kWh (2005)
Electricity - exports	Definition 707 million kWh (2005)
Electricity - imports	Definition 2.855 billion kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 34,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 15.1 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 6,765 bbl/day (2004)
Oil - imports	Definition - World rank and map 39,190 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 1.861 billion cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 829 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 1.861 billion cu m (2005)
Current account balance	Definition - World rank and map -$6.381 billion (2007 est.)
Exports	Definition - World rank and map $8.143 billion f.o.b. (2007 est.)
Exports - commodities	Definition wood and wood products, machinery and equipment, metals, textiles, foodstuffs
Exports - partners	Definition Lithuania 15.1%, Estonia 13.7%, Russia 12.9%, Germany 8.3%, Sweden 7.5%, UK 6.6% (2006)
Imports	Definition - World rank and map $14.82 billion f.o.b. (2007 est.)
Imports - commodities	Definition machinery and equipment, chemicals, fuels, vehicles
Imports - partners	Definition Germany 15%, Lithuania 13.9%, Russia 8.7%, Estonia 8%, Poland 7%, Finland 5%, Sweden 4.9% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $5.758 billion (31 December 2007 est.)
Debt - external	Definition - World rank and map $33.53 billion (31 December 2007)
Stock of direct foreign investment - at home	Definition $8.62 billion (2007 est.)
Stock of direct foreign investment - abroad	Definition $699 million (2007 est.)
Market value of publicly traded shares	Definition $2.705 billion (2006)
Economic aid - recipient	Definition $162 million (2004)
Currency (code)	Definition lat (LVL)
Exchange rates	Definition lati per US dollar - 0.5162 (2007), 0.5597 (2006), 0.5647 (2005), 0.5402 (2004), 0.5715 (2003)
Fiscal year	Definition calendar year

Latvia: Economy

Latvia:
Economy