{"id":18691,"date":"2024-08-05T15:08:23","date_gmt":"2024-08-05T14:08:23","guid":{"rendered":"https:\/\/finseta.com\/country-profiles\/latvia\/"},"modified":"2026-01-08T09:26:55","modified_gmt":"2026-01-08T09:26:55","slug":"latvia","status":"publish","type":"page","link":"https:\/\/finseta.com\/ae-en\/knowledge-hub\/country-profiles\/latvia\/","title":{"rendered":"Latvia"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"18691\" class=\"elementor elementor-18691 elementor-1300\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf6060b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf6060b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-40246a5\" data-id=\"40246a5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59c4c94 elementor-widget elementor-widget-text-editor\" data-id=\"59c4c94\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Country Profile<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc6a85c elementor-widget elementor-widget-heading\" data-id=\"fc6a85c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Latvia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2fd4bf7e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2fd4bf7e\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7919c4dd\" data-id=\"7919c4dd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ca6050d elementor-widget elementor-widget-text-editor\" data-id=\"ca6050d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">After a brief dip due to Covid, Latvia is on the up again with projected growth for the next several years. <\/span><\/p><p class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Situated in the middle of the Baltic family of countries, Latvia is an EU member and has been using the Euro since 2014. <\/span><\/p><p class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Latvias&#8217;s location makes it a centre of excellence for transport and logistics.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4eba4031 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4eba4031\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-53215b26\" data-id=\"53215b26\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53bb40b2 elementor-widget elementor-widget-heading\" data-id=\"53bb40b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">UK Imports from Latvia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c74d935 elementor-widget elementor-widget-text-editor\" data-id=\"3c74d935\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>Total Value:<\/strong><\/p><p>\u00a3<span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;1.08 billion&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14915,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;9&quot;:0,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:2105636},&quot;15&quot;:&quot;Helvetica Neue&quot;,&quot;16&quot;:10}\">1.08 billion<\/span> \/ <span data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.0023}\" data-sheets-userformat=\"{&quot;2&quot;:15299,&quot;3&quot;:{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;9&quot;:1,&quot;10&quot;:2,&quot;11&quot;:0,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri, sans-serif&quot;,&quot;16&quot;:12}\">0.23%<\/span> of all UK Imports<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a0e9009 elementor-widget elementor-widget-text-editor\" data-id=\"6a0e9009\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>Top 5 Imports are:<\/strong><\/p><ol><li class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Wood &amp; Cork<br \/><\/span><\/li><li class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Wood &amp; Cork manufactures<br \/><\/span><\/li><li class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Refined Oil<br \/><\/span><\/li><li class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Oil-seeds &amp; Oleaginous Fruits<br \/><\/span><\/li><li class=\"p1\"><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Misc Metal Manufactures<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1c5d186c\" data-id=\"1c5d186c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c79c4af elementor-widget elementor-widget-heading\" data-id=\"2c79c4af\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">UK Exports to Latvia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20d2a27b elementor-widget elementor-widget-text-editor\" data-id=\"20d2a27b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>Total Value:<\/strong><\/p><p>\u00a3<span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;433 million&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14915,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;9&quot;:0,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:2105636},&quot;15&quot;:&quot;Helvetica Neue&quot;,&quot;16&quot;:10}\">433 million<\/span> \/ <span data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.0013}\" data-sheets-userformat=\"{&quot;2&quot;:15171,&quot;3&quot;:{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;9&quot;:1,&quot;11&quot;:0,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri, sans-serif&quot;,&quot;16&quot;:12}\">0.13<\/span>% of all UK Exports<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c3e08cf elementor-widget elementor-widget-text-editor\" data-id=\"3c3e08cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>Top 5 Exports are:<\/strong><\/p><ol><li><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Beverages<br \/><\/span><\/li><li><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Refined Oil<br \/><\/span><\/li><li><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Cars<br \/><\/span><\/li><li><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Fish and Shellfish<br \/><\/span><\/li><li><span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Aircraft<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-372fd7d9\" data-id=\"372fd7d9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-70291e14 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"70291e14\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-62a62a9d\" data-id=\"62a62a9d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48363de7 elementor-widget elementor-widget-heading\" data-id=\"48363de7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Facts about <br> \ud83c\uddf1\ud83c\uddfb Latvia:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a9ea748 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"7a9ea748\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-money-bill-alt\" viewBox=\"0 0 640 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M320 144c-53.02 0-96 50.14-96 112 0 61.85 42.98 112 96 112 53 0 96-50.13 96-112 0-61.86-42.98-112-96-112zm40 168c0 4.42-3.58 8-8 8h-64c-4.42 0-8-3.58-8-8v-16c0-4.42 3.58-8 8-8h16v-55.44l-.47.31a7.992 7.992 0 0 1-11.09-2.22l-8.88-13.31a7.992 7.992 0 0 1 2.22-11.09l15.33-10.22a23.99 23.99 0 0 1 13.31-4.03H328c4.42 0 8 3.58 8 8v88h16c4.42 0 8 3.58 8 8v16zM608 64H32C14.33 64 0 78.33 0 96v320c0 17.67 14.33 32 32 32h576c17.67 0 32-14.33 32-32V96c0-17.67-14.33-32-32-32zm-16 272c-35.35 0-64 28.65-64 64H112c0-35.35-28.65-64-64-64V176c35.35 0 64-28.65 64-64h416c0 35.35 28.65 64 64 64v160z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Currency: Euro (EUR)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-users\" viewBox=\"0 0 640 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M96 224c35.3 0 64-28.7 64-64s-28.7-64-64-64-64 28.7-64 64 28.7 64 64 64zm448 0c35.3 0 64-28.7 64-64s-28.7-64-64-64-64 28.7-64 64 28.7 64 64 64zm32 32h-64c-17.6 0-33.5 7.1-45.1 18.6 40.3 22.1 68.9 62 75.1 109.4h66c17.7 0 32-14.3 32-32v-32c0-35.3-28.7-64-64-64zm-256 0c61.9 0 112-50.1 112-112S381.9 32 320 32 208 82.1 208 144s50.1 112 112 112zm76.8 32h-8.3c-20.8 10-43.9 16-68.5 16s-47.6-6-68.5-16h-8.3C179.6 288 128 339.6 128 403.2V432c0 26.5 21.5 48 48 48h288c26.5 0 48-21.5 48-48v-28.8c0-63.6-51.6-115.2-115.2-115.2zm-223.7-13.4C161.5 263.1 145.6 256 128 256H64c-35.3 0-64 28.7-64 64v32c0 17.7 14.3 32 32 32h65.9c6.3-47.4 34.9-87.3 75.2-109.4z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Population: 1.9 million<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-clock\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256,8C119,8,8,119,8,256S119,504,256,504,504,393,504,256,393,8,256,8Zm92.49,313h0l-20,25a16,16,0,0,1-22.49,2.5h0l-67-49.72a40,40,0,0,1-15-31.23V112a16,16,0,0,1,16-16h32a16,16,0,0,1,16,16V256l58,42.5A16,16,0,0,1,348.49,321Z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Timezone: GMT + 2 or 3<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-198e3f83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"198e3f83\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e96dbdb\" data-id=\"1e96dbdb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68889f9e elementor-widget elementor-widget-spacer\" data-id=\"68889f9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1cab04f6 elementor-widget elementor-widget-heading\" data-id=\"1cab04f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Related articles about Latvia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-671e2d7a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"671e2d7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e6200e elementor-posts--align-left elementor-grid-tablet-3 load-more-align-justify elementor-grid-3 elementor-grid-mobile-1 elementor-posts--thumbnail-top load-more-align-center elementor-widget elementor-widget-posts\" data-id=\"0e6200e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:27,&quot;sizes&quot;:[]},&quot;pagination_type&quot;:&quot;load_more_on_click&quot;,&quot;classic_columns_tablet&quot;:&quot;3&quot;,&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:44,&quot;sizes&quot;:[]},&quot;classic_columns&quot;:&quot;3&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;load_more_spinner&quot;:{&quot;value&quot;:&quot;fas fa-spinner&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-7759 post type-post status-publish format-standard has-post-thumbnail hentry category-weekly-update tag-australia tag-eur tag-euro tag-european-union tag-gbp tag-germany tag-jpy tag-uk tag-usd\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/finseta.com\/ae-en\/boe-governor-expect-13-inflation-and-a-recession\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/economic red flags\" class=\"attachment-full size-full wp-image-7761\" alt=\"\" data-attachment-id=\"7761\" data-permalink=\"https:\/\/finseta.com\/ae-en\/boe-governor-expect-13-inflation-and-a-recession\/5-aug-up\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/economic red flags\" data-orig-size=\"1200,675\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Economic Red Flags\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/economic red flags-1024x576.\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/economic%20red%20flags 1200w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/economic%20red%20flags-300x169. 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/economic%20red%20flags-768x432. 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/08\/economic%20red%20flags-1024x576. 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/finseta.com\/ae-en\/boe-governor-expect-13-inflation-and-a-recession\/\" >\n\t\t\t\tBoE Governor: Expect 13%+ Inflation and a Recession!\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t5th August 2022\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>The key update of the week is that the Bank of England has increased its interest rate by 0.5%, the largest increase since the Bank\u2019s<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/finseta.com\/ae-en\/boe-governor-expect-13-inflation-and-a-recession\/\" aria-label=\"Read more about BoE Governor: Expect 13%+ Inflation and a Recession!\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-6012 post type-post status-publish format-standard has-post-thumbnail hentry category-weekly-update tag-canada tag-croatia tag-eur tag-euro tag-european-union tag-gbp tag-uk tag-usa tag-usd\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/finseta.com\/ae-en\/euro-hits-parity-with-usd-for-first-time-since-2002\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/discarded-100-euro-banknote.png\" class=\"attachment-full size-full wp-image-6015\" alt=\"\" data-attachment-id=\"6015\" data-permalink=\"https:\/\/finseta.com\/ae-en\/euro-hits-parity-with-usd-for-first-time-since-2002\/blog-imagery-2\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/discarded-100-euro-banknote.png\" data-orig-size=\"1200,675\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"discarded 100 euro banknote\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/discarded-100-euro-banknote-1024x576.png\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/discarded-100-euro-banknote.png 1200w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/discarded-100-euro-banknote-300x169.png 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/discarded-100-euro-banknote-768x432.png 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/discarded-100-euro-banknote-1024x576.png 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/finseta.com\/ae-en\/euro-hits-parity-with-usd-for-first-time-since-2002\/\" >\n\t\t\t\tEuro hits parity with USD for first time since 2002\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t15th July 2022\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Unsurprisingly, inflation continues to be the topic of the moment with figures announced Wednesday showing US prices rising 9.1% in June compared to a year<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/finseta.com\/ae-en\/euro-hits-parity-with-usd-for-first-time-since-2002\/\" aria-label=\"Read more about Euro hits parity with USD for first time since 2002\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-5996 post type-post status-publish format-standard has-post-thumbnail hentry category-blog tag-chf tag-eu tag-eur tag-euro tag-european-union tag-nok tag-norway tag-switzerland tag-try tag-turkey\" role=\"listitem\">\n\t\t\t\t<a class=\"elementor-post__thumbnail__link\" href=\"https:\/\/finseta.com\/ae-en\/who-is-next-to-join-the-european-union\/\" tabindex=\"-1\" >\n\t\t\t<div class=\"elementor-post__thumbnail\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/european-union-flags-in-brussels.png\" class=\"attachment-full size-full wp-image-5991\" alt=\"\" data-attachment-id=\"5991\" data-permalink=\"https:\/\/finseta.com\/ae-en\/boe-governor-sets-out-a-gloomy-outlook-for-uk-economy\/blog-images-additional2\/\" data-orig-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/european-union-flags-in-brussels.png\" data-orig-size=\"1200,675\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"european union flags in brussels\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/european-union-flags-in-brussels-1024x576.png\" srcset=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/european-union-flags-in-brussels.png 1200w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/european-union-flags-in-brussels-300x169.png 300w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/european-union-flags-in-brussels-768x432.png 768w, https:\/\/finseta.com\/wp-content\/uploads\/2022\/07\/european-union-flags-in-brussels-1024x576.png 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/div>\n\t\t<\/a>\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/finseta.com\/ae-en\/who-is-next-to-join-the-european-union\/\" >\n\t\t\t\tWho is next to join the European\u00a0Union?\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t13th July 2022\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>The European Union hasn\u2019t finished expanding, there are actually several countries who are in the process of joining right now! Any country who joins is<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/finseta.com\/ae-en\/who-is-next-to-join-the-european-union\/\" aria-label=\"Read more about Who is next to join the European\u00a0Union?\" tabindex=\"-1\" >\n\t\t\tRead More \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\t<span class=\"e-load-more-spinner\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-spinner\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M304 48c0 26.51-21.49 48-48 48s-48-21.49-48-48 21.49-48 48-48 48 21.49 48 48zm-48 368c-26.51 0-48 21.49-48 48s21.49 48 48 48 48-21.49 48-48-21.49-48-48-48zm208-208c-26.51 0-48 21.49-48 48s21.49 48 48 48 48-21.49 48-48-21.49-48-48-48zM96 256c0-26.51-21.49-48-48-48S0 229.49 0 256s21.49 48 48 48 48-21.49 48-48zm12.922 99.078c-26.51 0-48 21.49-48 48s21.49 48 48 48 48-21.49 48-48c0-26.509-21.491-48-48-48zm294.156 0c-26.51 0-48 21.49-48 48s21.49 48 48 48 48-21.49 48-48c0-26.509-21.49-48-48-48zM108.922 60.922c-26.51 0-48 21.49-48 48s21.49 48 48 48 48-21.49 48-48-21.491-48-48-48z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\n\t\t\t\t<div class=\"e-load-more-anchor\" data-page=\"1\" data-max-page=\"3\" data-next-page=\"https:\/\/finseta.com\/ae-en\/wp-json\/wp\/v2\/pages\/18691\/page\/2\/\"><\/div>\n\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Load more posts<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<div class=\"e-load-more-message\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6089179c elementor-widget elementor-widget-spacer\" data-id=\"6089179c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Country Profile Latvia After a brief dip due to Covid, Latvia is on the up again with projected growth for the next several years. Situated in the middle of the Baltic family of countries, Latvia is an EU member and has been using the Euro since 2014. Latvias&#8217;s location makes it a centre of excellence [&hellip;]<\/p>\n","protected":false},"author":221728552,"featured_media":18692,"parent":18537,"menu_order":83,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"content-type":"","jetpack_post_was_ever_published":true,"footnotes":""},"class_list":["post-18691","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Latvia Country Profile | Finseta<\/title>\n<meta name=\"description\" content=\"Our profile covers the Euro (EUR), a resilient Baltic economy specializing in sustainable bioeconomy, next-gen biomedicine, and world-leading photonics and smart materials, along with strategic trade data to support your expansion in Latvia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finseta.com\/ae-en\/knowledge-hub\/country-profiles\/latvia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Latvia\" \/>\n<meta property=\"og:description\" content=\"Our profile covers the Euro (EUR), a resilient Baltic economy specializing in sustainable bioeconomy, next-gen biomedicine, and world-leading photonics and smart materials, along with strategic trade data to support your expansion in Latvia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/finseta.com\/ae-en\/knowledge-hub\/country-profiles\/latvia\/\" \/>\n<meta property=\"og:site_name\" content=\"Finseta\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-08T09:26:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/finseta.com\/wp-content\/uploads\/2022\/05\/Latvia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"817\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@_Finseta\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/finseta.com\\\/ae-en\\\/knowledge-hub\\\/country-profiles\\\/latvia\\\/\",\"url\":\"https:\\\/\\\/finseta.com\\\/ae-en\\\/knowledge-hub\\\/country-profiles\\\/latvia\\\/\",\"name\":\"Latvia Country Profile | Finseta\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/finseta.com\\\/ae-en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/finseta.com\\\/ae-en\\\/knowledge-hub\\\/country-profiles\\\/latvia\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/finseta.com\\\/ae-en\\\/knowledge-hub\\\/country-profiles\\\/latvia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/finseta.com\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Latvia.jpg\",\"datePublished\":\"2024-08-05T14:08:23+00:00\",\"dateModified\":\"2026-01-08T09:26:55+00:00\",\"description\":\"Our profile covers the Euro (EUR), a resilient Baltic economy specializing in sustainable bioeconomy, next-gen biomedicine, and world-leading photonics and smart materials, along with strategic trade data to support your expansion in Latvia.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/finseta.com\\\/ae-en\\\/knowledge-hub\\\/country-profiles\\\/latvia\\\/#breadcrumb\"},\"inLanguage\":\"ae-en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/finseta.com\\\/ae-en\\\/knowledge-hub\\\/country-profiles\\\/latvia\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ae-en\",\"@id\":\"https:\\\/\\\/finseta.com\\\/ae-en\\\/knowledge-hub\\\/country-profiles\\\/latvia\\\/#primaryimage\",\"url\":\"https:\\\/\\\/finseta.com\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Latvia.jpg\",\"contentUrl\":\"https:\\\/\\\/finseta.com\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Latvia.jpg\",\"width\":1920,\"height\":817,\"caption\":\"Sunrise over central Riga, Latvia. Aerial view of the St. Peter's Church. 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