Latvia β Country Profile & National Debt
An overview of Latvia covering geography, demographics, economy, culture, political status, and practical information, sourced from World Bank and REST Countries open data.
These figures are estimates based on public statistics and may differ from actual values.
About Latvia
The capital of Latvia is Riga. It has a population of approximately 1.8M. The country covers an area of 64,559 kmΒ². It is located in Northern Europe.
Geography
Latvia is a country in Northern Europe, part of the Europe region. It covers an area of approximately 64,559 kmΒ². It shares land borders with Belarus, Estonia, Lithuania, and Russian Federation, totalling 4 neighbours.
Demographics & Languages
Latvia has a population of approximately 1,829,000 people. Population density is around 28.3 people per kmΒ². Its officially recognised languages include Latvian, totalling 1 language. People from this country are referred to as Latvian.
Economy Overview
As of 2024, Latvia reports a nominal GDP of about $43.7 billion. Government debt stood at roughly 7.4% of GDP in 1994. The official currency is the euro (EUR, symbol β¬). The current exchange rate is approximately 1 USD = 0.86 EUR.
Culture & Time
Latvia operates on a single time zone (UTC+02:00). The local week is considered to start on Monday. Its country-code top-level domain (ccTLD) is.lv.
Government & Status
The capital of Latvia is Riga. It is internationally recognised as an independent sovereign state. The country is a member state of the United Nations.
Practical Information
Traffic drives on the right. The international dialling code is +371. Its FIFA country code is LVA, and its ISO 3166-1 alpha-2 code is LV.
Data Sources & Methodology
GDP and debt-to-GDP figures on this page are pulled from the most recent available year of World Bank open statistics. The real-time debt estimate is computed by multiplying total debt (GDP Γ debt ratio) by World Bank's real interest rate (or a 4% fallback when unavailable) and dividing across each second of a year. Exchange rates refresh hourly via open.er-api.com, and country-level metadata such as languages, time zones, borders, and domains is fetched from REST Countries every 24 hours. All values are estimates derived from public datasets and may differ from official figures.