• Country
  • Countries A-Z
Republic of Latvia
Latvijas Republika

Political Status: Absorption of independent state by the Soviet Union on August 5, 1940, repudiated by the Latvian Supreme Council on May 4, 1990; resumption of full sovereignty declared August 21, 1991, and accepted by USSR State Council on September 6.

Image 100

Area: 24,938 sq. mi. (64,589 sq. km).

Population: 2,332,846 (2012E—UN); 2,191,580 (2012E—U.S. Census).

Major Urban Centers (2005E): RIGA (715,000), Daugavpils (110,000), Liepaja (85,000).

Official Language: Latvian.

Monetary Unit: Lats (official rate November 5, 2012: 0.54 lats = $1US). Following Latvia’s accession to the European Union in 2004, the lats was pegged to the euro in January 2005. Latvia hopes to adopt the euro as its national currency by 2014.

President: Andris BĒRZIŅŠ (nonparty); elected by the Saeima on June 2, 2011, and sworn in for a four-year ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles