Economy of Latvia
Imports commoditiesmachinery and equipment, consumer goods, chemicals, fuels, vehicles
Import partnersLithuania 19.1%, Germany 11.6%, Russia 9.2%, Poland 8.2%, Estonia 7.6%, Italy 4.6%, Finland 4.4% (2012)
ExportsExports commoditiesfood products, wood and wood products, metals, machinery and equipment, textiles
Export partnersRussia 18.2%, Lithuania 14.9%, Estonia 12.1%, Germany 7.5%, Poland 5.6%, Sweden 4.8% (2012)
Economy sectorsAgriculture productsgrain, rapeseed, potatoes, vegetables; pork, poultry, milk, eggs; fish
Industrial productsprocessed foods, processed wood products, textiles, processed metals, pharmaceuticals, railroad cars, synthetic fibers, electronics
EconomyUnemployment Rate (not seasonally adjusted)11.8 % (2013-09)11.8 % (2013-08)11.8 % (2013-07)11.4 % (2013-06)11.4 % (2013-05)11.4 % (2013-04)

Unemployment Rate (seasonally adjusted)11.4 % (2014-03)11.4 % (2014-02)11.4 % (2014-01)11.5 % (2013-12)11.5 % (2013-11)11.5 % (2013-10)11.7 % (2013-09)11.7 % (2013-08)11.7 % (2013-07)11.7 % (2013-06)11.7 % (2013-05)11.7 % (2013-04)

Reserves of foreign exchange and gold7.22 Billion $ (2013)7.52 Billion $ (2012)6.38 Billion $ (2011)

Harmonized Indices of Consumer Prices0.80 Percentage change m/m-12 (2014-05)0.80 Percentage change m/m-12 (2014-04)0.30 Percentage change m/m-12 (2014-03)0.50 Percentage change m/m-12 (2014-02)0.50 Percentage change m/m-12 (2014-01)-0.40 Percentage change m/m-12 (2013-12)-0.30 Percentage change m/m-12 (2013-11)-0.40 Percentage change m/m-12 (2013-09)-0.10 Percentage change m/m-12 (2013-08)0.50 Percentage change m/m-12 (2013-07)

GDP PPP per land area602 Thousand $ per square kilometer (2013)571 Thousand $ per square kilometer (2012)549 Thousand $ per square kilometer (2011)
Electricity
Electricity - installed generating capacity2.17 Million kW
BankingGDP decomposition by sectorTourismInternational tourism, number of departures3.26 Million (2011)3.33 Million (2010)3.27 Million (2009)
Debt, Current Account Balance and Budget Deficit
Budget surplus (+) or deficit (-)0.10 % of GDP
Current Account Balance (Percentage of GDP)-2.47 % of GDP (2012)-2.21 % of GDP (2011)3.01 % of GDP (2010)

Current Account Balance (Total)-613.90 Million $ (2013)-473.40 Million $ (2012)-363.00 Million $ (2011)
