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Latvia
Last update: 2025-08-05
Geographical location
Economy and finance
Currency
Euro (EUR)
Average monthly income (USD, gross)
$1673,25 (2023)
Inflation rate
8.94% (2023)
Unemployment rate
6.53% (2023)
Below the poverty line
22.5% (2022)
Gini coefficient
34.3 (2021)
Tobacco consumption
Total tobacco consumption
37%
Smoking men
50.3%
Smoking women
23.7%
Current as of
2020
Area (sq. km)
Total area
64589
Land area
62249
Water area
2340
Popular payment systems
- PayPal
- Visa
- Mastercard
Popular social networks and messengers
- Instagram
- TikTok
- Threads
Age structure
0-14 years
14.7%
15-64 years
63%
65+ years
22.2%
Current as of
2024
Religion
Main religion
Christianity
Non-religious
23.5%
Current as of
2017
General information
Сontinent
Europe
Political unions
EU
Time zone
UTC+2
Tier
Tier-3
ISO code
LV
Capital
Riga
Average consumer spendings
Food products
19.6%
Alcohol and tobacco
7.1%
Current as of
2023
Alcohol consumption per capita (liters per year)
Total quantity
12.9
Beer
4.9
Wine
1.7
Spirits
5.3
Other alcohol
1
Current as of
2019
Population and society
Population size
1801246
Male population
836982
Female population
964264
Population growth rate
-1.14% (2024)
Birth rate (per 1,000 people)
8.3 (2024)
Death rate (per 1,000 people)
14.7 (2024)
Urbanization
68.7% (2023)
Credit ratings
Fitch
A- (2014)
Moody's
A3 (2015)
Standard & Poors
A+ (2020)
Age-sex pyramid
Phone operating systems
Android
69.14%
iOS
30.24%
Current as of
2025
Internet and telecommunications
Telephone code
+371
Internet domain
.lv
Number of mobile phones (per 100 inhabitants)
117 (2022)
Internet user penetration
92% (2023)
Fixed internet penetration
26% (2023)
Last update: 2025-08-05