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Latvia: Statistical Data and Trade with the EU

General Data
Population: 2001 2 Mio
Area: (1000qkm) 2001 65 External DEBT 2000 (Mio euro) : 1.026
Gross Domestic Product 2001 9 Bn euro Exports to GDP ratio: 23,3 %
GDP Per Capita 2001 3.666 euro
1998 1999 2000 2001
Real GDP (% growth) 3,9 1,1 6,6 7,0
Inflation rate (%) 4,6 2,4 2,6 2,5
Current Account Balance (% of GDP) -9,8 -9,8 -6,9 na
GDP BY SECTORS (% share)
1990 1995 1998 2000
Agriculture 21,9 10,8 4,3 4,5
Industry 46,2 33,2 30,2 25,3
Services 31,9 56,0 65,4 70,2
LATVIA TRADE WITH THE WORLD (Mio ecu/euro and %)
1993 1995 2000 1993 1995 2000
Imports 901 1.382 3.445 Exports 884 981 2.023
world* share (%) 0,04 0,05 0,06 0,0 world* share (%) 0,04 0,04 0,04
Trade balance -17 -401 -1.422
EU TRADE WITH LATVIA (Mio ecu/euro and %)
Rank IMPORTS 1993 1993 2001** Rank EXPORTS 1993 1993 2001**
58 726 1.125 1.946 52 414 939 2.423
Share of EU Total (%) 0,2 0,2 0,2 Share of EU Total (%) 0,1 0,2 0,2
Trade balance -312 -186 477
MAIN PRODUCTS IN 2001** (Mio euro and %)
EU Imports Latvia share of EU Exports Latvia share of Balance
Products Value EU total by products Products Value EU total by products
Agricultural products 688 0,8 Agricultural products 276 0,5 -412
Energy 388 0,3 Energy 15 0,1 -373
Machinery 59 0,0 Machinery 694 0,2 635
Transport. Material 9 0,0 Transport. Material 263 0,2 253
Chemical products 35 0,0 Chemical products 292 0,2 257
Textiles and clothings 301 0,4 Textiles and clothings 193 0,5 -107
EU FOREIGN DIRECT INVESTMENT WITH LATVIA (Mio ecu/euro and %)
1998 1999 2000 1998 1999 2000
Inflows -7 3 10 Outflows 47 146 185
Share of EU Total (%) na 0,003 0,006 Share of EU Total (%) 0,0 0,0 0,1
Inward Stocks -5 -3 7 Outward Stocks 477 698 883
Share of EU Total (%) na na 0,001 Share of EU Total (%) 0,1 0,1 0,1
**2001: Greek data missing for nov, dec. 2001; lux data missing for dec.2001
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