• Country
  • Countries A-Z

Republic of Latvia

Latvijas Republika

Note: Following general elections on October 6, 2018, no party secured a majority and coalition talks continued into November with incumbent prime minister Māris Kučinskis (Green’s and Farmer’s Union) remaining in office along with a caretaker government.

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.

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

Population: 1,940,000 (2018E—World Bank); 1,923,559 (2018E—U.S. Census).

Major Urban Centers (2014E—UN): RIGA (642,188), Daugavpils (86,919).

Official Language: Latvian.

Monetary Unit: Euro (official rate October 19, 2018: 0.87 euro = $1US). Following its accession to the European Union in 2004, Latvia adopted the euro ...

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