Latvia Economy

The Latvian economy, with a population of 2 Million (est. 2013), ranks 102 in the world with a GDP PPP of 38.9 billion and GDP PPP per capita of $19,120 vs. $53,101 (United States) according to the IMF in 2013. Its currency is the Euro and its central bank, the Bank of Latvia (www.bank.lv) is a participant in the system of European Central Banks. According to CIA.gov its inflation was 0.2% in 2013 and 2.3% in 2012.