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Latvia

Prosperity Summary
30
Current Rank
23
Highest Rank
32
Lowest Rank
28
Average Rank
2024
Largest Climb
2017
Largest Fall
Overall Prosperity

Latvia is a parliamentary republic with a population exceeding 1.8 million. Its geography includes forests, lowlands, and Baltic coastline. The economy is highly industrialised with a nominal GDP surpassing $43 billion; major exports include wood products, electrical machinery, wheat, and pharmaceuticals, while imports include mineral fuels, vehicles, and electrical equipment.

Visit our Rankings Table to see how Latvia compares to other countries