Latvia Profile:
- Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe, one of the three Baltic States.
- Latvia is a member of the European Union, NATO, the Council of Europe, the United Nations, CBSS, the IMF, NB8, NIB, OECD, OSCE and WTO.
- Latvia has established diplomatic relations with 158 countries. It has 44 diplomatic and consular missions and maintains 34 embassies and 9 permanent representations abroad.
- Latvia was ranked 46th on the Human Development Index and as a high income country on 1 July 2014. Latvia is ranked above-average among the world’s sovereign states in democracy, press freedom, privacy and human development.
- Privatisation in Latvia is almost complete. Virtually all of the previously state-owned small and medium companies have been privatised, leaving only a small number of politically sensitive large state companies.
Latvia Economy:
- Latvia is a small, open economy with exports contributing more than half of GDP. Since 2000, Latvia had one of the highest (GDP) growth rates in Europe.
- The IMF, EU, and other international donors provided substantial financial assistance to Latvia as part of an agreement to defend the currency’s peg to the euro in exchange for the government’s commitment to stringent austerity measures.
- The unemployment rate has receded from its peak of more than 20% in 2010 to around 9.3% in 2014.
- Corruption continues to be an impediment to attracting foreign direct investment and Latvia’s low birth rate and decreasing population are major challenges to its long-term economic vitality.
- Continued gains in competitiveness and investment will be key to maintaining economic growth, especially in light of unfavourable demographic trends.
Latvia Facts:
- Population: 1.9 million
- Capital: Riga
- Largest city: Riga
- Area: 64,589 sq km
- Major language: Latvian (official) 56.3%, Russian 33.8%, other 0.6%
- Major religion: Lutheran 19.6%, Orthodox 15.3%, other Christian 1%, other 0.4%
- Life expectancy: 70.1 years (Male), 79.5 years (Female)
- Monetary unit: 1 Euro(EUR) = 100 Cents
- Main exports: Foodstuffs, wood and wood products, metals, machinery and equipment, textiles
- GNI per Capita: $25,870
Our Market Research Services in Latvia:
- Market Research Fieldwork in Latvia
- Qualitative Research in Latvia
- Quantitative Research in Latvia
- Aerospace Market Research in Latvia
- Automotive Market Research in Latvia
- Life science Market Research in Latvia
- Chemical Market Research in Latvia
- Construction Market Research in Latvia
- Consumer Goods Market Research in Latvia
- Education Market Research in Latvia
- Energy and Power Market Research in Latvia
- Engineering Market Research in Latvia
- Financial Market Research in Latvia
- Food and Beverage Market Research in Latvia
- Healthcare Market Research in Latvia
- Hospital Market Research in Latvia
- Hospitality Market Research in Latvia
- Entertainment Market Research in Latvia
- Medical Devices Market Research in Latvia
- Metals and Mining Market Research in Latvia
- Oil and Gas Market Research in Latvia
- Pharmaceutical Market Research in Latvia
- Retail Market Research in Latvia
- Telecommunication Market Research in Latvia
- Transportation Market Research in Latvia
- Travel and Tourism Market Research in Latvia
We Employ A Wide Range of Research Techniques in Latvia:
- Advertising Research in Latvia
- Brand Research in Latvia
- B2B Research in Latvia
- Concept Testing in Latvia
- Consumer Research in Latvia
- Customer Satisfaction Research in Latvia
- Entertainment Research in Latvia
- Ethnographic Research in Latvia
- Eye Tracking and Facial Coding in Latvia
- Focus Groups in Latvia
- Sensory Research in Latvia
- Healthcare Research in Latvia
- Industrial Research in Latvia
- Lifestyle Research in Latvia
- Media Communication Research in Latvia
- Mystery Shopping in Latvia
- One-on-One Research in Latvia
- Package Research in Latvia
- Secondary Research in Latvia
- Sensory Research in Latvia
- Usability Testing in Latvia
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