In particular, the country's main energy and utility company, Latvenergo remains state-owned and there are no plans to privatize it. The Gross Domestic Product (GDP) in Latvia was worth 34.12 billion US dollars in 2019, according to official data from the World Bank. 0% The IMF/EU program successfully concluded in December 2011.[29]. The most recent forecasts factor in an extension of the state of emergency until 9 June and a longer duration of the precautionary measures to limit the spread of COVID-19, even though part of the measures are being lifted gradually. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet.

Latvia's economy has had rapid GDP growth of more than 10% per year during 2006–07, but entered a severe recession in 2009 as a result of an unsustainable current account deficit, collapse of the real estate market, and large debt exposure amid the softening world economy. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Services exports are affected heavily as tourist flows and passenger transportation by air ceased due to the imposed state of emergency restrictions. Its freely traded currency, the lat, was introduced in 1993 and held steady, or appreciated, against major world currencies. Latvian pupils triumph at International Economics Olympiad, Rīga remains most affordable of Baltic capitals for housing, Experts discuss shorter working week in Latvia, Minimum social contribution payments planned from 2021, Fintech sector accounts for one fifth of all Latvian startups, Finance watchdog: Latvia must be smart with EU money, 70.2 million granted for exporting and tourism employee salaries, Fiscal Discipline Council: COVID-19 aid must not burden future budget, Latvian central bank: COVID crisis is changing people's payment habits, Economics Ministry wants to ditch self-isolation, Government agrees on basics of 2021 budget in Latvia, Producer prices in August stayed same in Latvia, Latvia has invested most available EU funds in projects, Latvian-Estonian wind park could be ready by 2030, In August actual unemployment rate was 8.6%, registered – 8.2%, Road Safety week ends in tragic accidents, More Re:Baltica revelations show Latvian involvement in UK company formation schemes, Latvian pharmaceutical company Grindeks to build new plant, Levits submits draft law for preservation of Latvian historical lands, Baltic States to impose sanctions on more Belarusian officials, Danish architects to shape part of future Rīga skyline, Riga Photography Biennial exhibition ‘On Photographic Beings’ opens October 3, Twenty-two new cases of COVID-19 found in Latvia, University of Latvia needs campus to boost ratings, says rector, Survey shows many Latvians not averse to smuggled goods, Podcast: Anna Andersone on the importance of touch, More foreign students than expected in Latvia's universities, Seven Latvian schools have had COVID-19 so far, Latvian and Lithuanian Foreign Ministers talk Baltic Bubble, COVID-19 outbreak traced to food company 'Forevers' in Latvia. After reestablishing its independence, Latvia proceeded with market-oriented reforms, albeit at a measured pace. Representing 10.2% of Latvia's total foreign direct investment, American companies invested $127 million in 1999. Latvia and the United States have signed treaties on investment, trade, and intellectual property protection and avoidance of double taxation.

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