Register for property alerts by email

Registeration Benefits

Save any properties you are interested in
Save your preferences to view the list
File your search history in your own "ipbre.com"

Please fill out the following form and our staff will contact you regarding your inquiry.

,

* First Name		* Last Name
* Email		* Confirm Email
* Password		* Confirm Password
Phone / Mobile		Age
Country		Post Code
Address

Help Line +44 (0) 845 601 5680 My ipbre | Register | Login

		Currency: GBP EURO USD
Type	*Country		City
Price Range	-		Property Type
Keyword
Click ADVANCED SEARCH for more options

Property

View Details
Enquire Now
Mail to Friends
Price and Availability

i want to

Buy Property

Sell Property

Rent Property

Why Invest?

Latvia » Introduction

Latvia

Basic Economic Facts

GDP	$35.08 billion (2006 est.)
GDP per head	$15,400 (2006 est.)
Annual Growth	9.3% (2006 est.)
Major Industries	Buses, vans, street and railroad cars; synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles
Major Trading Partners	The EU, Russia

GDP Composition by Sector

Since year 2000 Latvia has had one of the highest GDP growth rates in Europe. The break-up of the Soviet Union led to real GDP falling by around 50% during 1990-93. Since then the economy has been in recovery with GDP increasing by around 12% over 2006. The Lat remains strong and stable and has been pegged to the Euro since 2005. Privatisation 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). The National Bank confirmed its future strategy, taking Latvia into ERM II in 2005 and hoping to adopt the Euro, at the earliest, on 1st January 2008. However, Latvia's GDP per capita is still the lowest amongst the new EU countries and remains a concern for the National Bank.