The Republic of Latvia is an Eastern European country bordering the Baltic Sea between the other two Baltic States: Lithuania and Estonia. It also shares borders with Belarus and Russia.
Following the break up of the Soviet Union in 1991, Latvia regained its independence and is now a democratic semi presidential parliamentary constitutional republic with exports contributing more than half its GDP. It joined the EU in 2004 and the OECD in 2016.
The country is composed of fertile low-lying plains, wide beaches and dense forests, with hills in the east. It’s key position in Europe means transit services are highly developed, and its main industries include timber and wood processing, agriculture, food products and the manufacture of machinery and electronic products.
The Latvian population is concentrated mostly in and around the port and capital city of Riga. The country’s low birth rate and decreasing population are major challenges to its economic prosperity.