Latvia
Latvia re-established its independence in 1991 following the breakup of the Soviet Union. Latvia joined both NATO and the EU in the spring of 2004. Latvian adoption of the euro is unlikely before 2010.
Economic Strengths
Service sector, manufacturing, strong GDP growth.
Economic Weaknesses
Current account deficit, lack raw materials, rising inflation,
| Population | Capital city |
| 2,269,423 | Riga |
| Currency | World GNP Ranking |
| Lats | 92 |
| GNP per Capita ($) | Inflation |
| 17700 | 8.58% |
| Unemployment | Tourism visitors per year (thousands) |
| 5.9% | 5103.96 |
Source: Knight Frank Residential Research as at Dec 2007