1 Bahraini Dinar = 1.5995 Latvian Lat

1 Chilean Peso = 0.0007 Latvian Lat

1 Maldivian Rufiyaa = 0.039 Latvian Lat

1 Malaysian Ringgit = 0.1396 Latvian Lat

1 Nicaraguan Cordoba Oro = 0.0176 Latvian Lat

1 Netherlands Antillean Guilder = 0.3369 Latvian Lat

1 Estonian Kroon = 0.0424 Latvian Lat

1 Danish Krone = 0.0879 Latvian Lat

1 Fiji Dollar = 0.2685 Latvian Lat

1 New Zealand Dollar = 0.3713 Latvian Lat

1 Croatian Kuna = 0.0872 Latvian Lat

1 Peruvian Nuevo Sol = 0.178 Latvian Lat

1 Dominican Peso = 0.011 Latvian Lat

1 Papua New Guinean Kina = 0.1763 Latvian Lat

1 Brunei Dollar = 0.428 Latvian Lat

FDI into Latvia has recovered in recent years as the Baltic state has implemented stricter anti-money laundering procedures. Latvian minister of economics Ralfs Nemiro talks to Alex Irwin-Hunt about the progress made.

Rodolfo Rodriguez Cabrera, 43, a Cuban national, was arraigned today in U.S. District Court for the District of Nevada on charges of producing and selling counterfeit slot machines and counterfeit computer programs.

The Civil Rights Division reached an agreement with the Latvian Tower Condominium Association Inc. and its former president, Karl Tegtmeyer, to settle allegations of discrimination against families with children.

Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.

Latvia has improved its laws since acceding to the OECD Anti-Bribery Convention in 2014. Yet serious personnel issues until recently as well as negative government commentary concerning KNAB, Latvia’s anti-corruption law enforcement agency, have cast doubts over its capacity to enforce those laws.

Latvia has successfully consolidated its hospital sector and strengthened primary care since the financial crisis. But persistent barriers to accessing high quality care need to be removed, according to a new OECD report.

This review of Latvia by the by the OECD Committee on Financial Markets examines Latvia’s position with respect to core principles related to financial systems.

This review of Latvia by the OECD Working Party of Governmental Experts on Insurance examines Latvia’s position with respect to core principles related to insurance systems.

A robust and resilient anti-money laundering and combating of terrorism financing (AML/CFT) regime is the first step towards being able to implement effective legal, regulatory and operational measures. This document describes recommendations made by the OECD in relation to Latvia’s efforts to strengthen its AML/CFT supervisory and control systems.

The Latvian economy is among the fastest-growing in the euro area, but continued reforms will promote a rapid and sustainable pace of convergence with upper-income countries while limiting the risk of repeated boom-and-bust cycles, according to the OECD Economic Survey of Latvia.

Much of the convergence of the Latvian economy needs to come from productivity increases. To achieve this, policy makers should do more to facilitate the integration of the economy into global trade and promote competitive business environment.

Successful implementation of economic reforms has boosted the Latvian economy, leading to strong growth, rising wages and solid public finances. Further policy action is now needed to accelerate productivity growth, create jobs, drive down poverty, improve living standards and ensure that everyone benefits from more inclusive growth, according to a new report from the OECD.

Latvia’s economy is growing strongly. Driven by the recovery of exports and investment as well as strong private consumption, real GDP growth is expected to strengthen from 2% in 2016 to around 4% this year and next.

Unemployment is still above 8% in Latvia and contributes to poverty, in part because many unemployed have been without a job for an extended period of time.

Stronger integration in global value chains would speed up economic convergence to advanced OECD economies and raise living standards.

This paper investigates the effect of export entry on productivity, employment and wages of Latvian and Estonian firms in the context of global value chain (GVC).

This working paper explores avenues to improve public sector efficiency in Latvia, a catching-up and ageing economy where spending needs are large.

OECD Secretary-General Angel Gurría today welcomed the passage into law of Latvia's “Public Persons Enterprises and Capital Shares Governance Law”.

Household Saving Rate in Latvia increased to 6.34 percent in 2018 from 4.42 percent in 2017. Personal Savings in Latvia averaged -0.91 percent from 1995 until 2018, reaching an all time high of 13.28 percent in 2009 and a record low of -20.51 percent in 1995. This page provides - Latvia Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Latvia 10Y Bond Yield was 0.55 percent on Thursday April 30, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Latvia Government Bond 10y reached an all time high of 17 in August of 2009. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Households Debt in Latvia decreased to 33.47 percent of gross income in 2018 from 35.94 percent in 2017. Households Debt To Income in Latvia averaged 44.13 percent from 2000 until 2018, reaching an all time high of 74.05 percent in 2010 and a record low of 8.55 percent in 2000. This page provides - Latvia Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Latvia remained unchanged at 430 EUR/Month in the fourth quarter of 2019 from 430 EUR/Month in the second quarter of 2019. Minimum Wages in Latvia averaged 233.15 EUR/Month from 1999 until 2019, reaching an all time high of 430 EUR/Month in the second quarter of 2018 and a record low of 75.18 EUR/Month in the second quarter of 1999. This page provides - Latvia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home Ownership Rate in Latvia increased to 81.60 percent in 2018 from 81.50 percent in 2017. Home Ownership Rate in Latvia averaged 82.84 percent from 2007 until 2018, reaching an all time high of 87.20 percent in 2009 and a record low of 80.20 percent in 2015. This page provides the latest reported value for - Latvia Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Latvia scored 66.98 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Latvia averaged 18.56 Points from 2007 until 2019, reaching an all time high of 66.98 Points in 2019 and a record low of 4.05 Points in 2010. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Latvia Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate For Employees in Latvia stands at 11 percent. Social Security Rate For Employees in Latvia averaged 9.91 percent from 2004 until 2019, reaching an all time high of 11 percent in 2012 and a record low of 9 percent in 2005. In Latvia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Latvia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Latvia Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gold Reserves in Latvia remained unchanged at 6.62 Tonnes in the fourth quarter of 2019 from 6.62 Tonnes in the third quarter of 2019. Gold Reserves in Latvia averaged 7.40 Tonnes from 2000 until 2019, reaching an all time high of 7.75 Tonnes in the first quarter of 2000 and a record low of 6.60 Tonnes in the first quarter of 2018. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Latvia Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Latvia is the 44 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Latvia averaged 52.05 from 1998 until 2019, reaching an all time high of 71 in 1998 and a record low of 40 in 2015. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Latvia Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Latvia stands at 21 percent. Sales Tax Rate in Latvia averaged 19.76 percent from 2000 until 2020, reaching an all time high of 22 percent in 2011 and a record low of 18 percent in 2001. In Latvia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Latvia. This page provides - Latvia Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Electricity Production in Latvia decreased to 581 Gigawatt-hour in December from 607 Gigawatt-hour in November of 2019. Electricity Production in Latvia averaged 506.82 Gigawatt-hour from 2008 until 2019, reaching an all time high of 995 Gigawatt-hour in April of 2010 and a record low of 159 Gigawatt-hour in August of 2008. This page has Electricity Production values for Latvia.

Unemployment Rate in Latvia remained unchanged at 6 percent in the fourth quarter of 2019 from 6 percent in the third quarter of 2019. Unemployment Rate in Latvia averaged 11.10 percent from 2002 until 2019, reaching an all time high of 21.30 percent in the first quarter of 2010 and a record low of 5.30 percent in the fourth quarter of 2007. In Latvia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Latvia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of employed persons in Latvia increased to 917.80 Thousand in the third quarter of 2019 from 905.60 Thousand in the second quarter of 2019. Employed Persons in Latvia averaged 1001.15 Thousand from 1991 until 2019, reaching an all time high of 1404 Thousand in the first quarter of 1991 and a record low of 830 Thousand in the first quarter of 2010. In Latvia, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Latvia Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Latvia decreased to 65.40 percent in the fourth quarter of 2019 from 65.60 percent in the third quarter of 2019. Employment Rate in Latvia averaged 58.39 percent from 2002 until 2019, reaching an all time high of 65.60 percent in the third quarter of 2019 and a record low of 50.80 percent in the first quarter of 2010. In Latvia, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Latvia Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Latvia increased to 7326935 EUR Thousand in the fourth quarter of 2019 from 7200620 EUR Thousand in the third quarter of 2019. GDP Constant Prices in Latvia averaged 5012377.46 EUR Thousand from 1995 until 2019, reaching an all time high of 7326935 EUR Thousand in the fourth quarter of 2019 and a record low of 2504788 EUR Thousand in the first quarter of 1996. This page provides - Latvia GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Latvia increased to 215494 EUR Thousand in the fourth quarter of 2019 from 178897 EUR Thousand in the third quarter of 2019. GDP From Mining in Latvia averaged 202497.61 EUR Thousand from 1995 until 2019, reaching an all time high of 297376 EUR Thousand in the fourth quarter of 1999 and a record low of 111912 EUR Thousand in the third quarter of 1995. This page provides - Latvia Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.