Latvia Business Directory & List of Companies

Brief Overview of Latvia

Latvia, a Baltic country in Northern Europe, covers a total area of approximately 64,589 square kilometers. As of the latest available data, the population of Latvia is estimated to be around 1.8 million people.

List of Provinces in Latvia

• Riga Province - Population: Approximately 644,000 - Provincial Capital: Riga
• Kurzeme - Population: Approximately 281,000 - Provincial Capital: Liepāja
• Vidzeme - Population: Approximately 249,000 - Provincial Capital: Valmiera
• Zemgale - Population: Approximately 278,000 - Provincial Capital: Jelgava
• Latgale - Population: Approximately 293,000 - Provincial Capital: Daugavpils

Latvia on Map - see more from Google map

Five Top Cities in Latvia

• Riga - Population: Approximately 632,614
• Daugavpils - Population: Approximately 93,994
• Liepāja - Population: Approximately 69,443
• Jelgava - Population: Approximately 57,717
• Jūrmala - Population: Approximately 54,300

Economy of Latvia

Latvia's economy is characterized by various key figures:

• GDP: Approximately 30 billion USD
• GDP Growth: Around 7.0%
• GDP per Capita: Approximately 16,500 USD
• Exports: Approximately 15 billion USD
• Imports: Approximately 17 billion USD
• Unemployment Rate: Around 7.3%
• Ease of Doing Business: According to the World Bank, Latvia ranks among the top countries for ease of doing business.

Key sectors of the Latvian economy include manufacturing, agriculture, services, and information technology.

Top Companies in Latvia (as of 2021):

• Latvijas Mobilais Telefons (LMT) - A leading telecommunications company in Latvia with a capital of 500 million USD.
• Swedbank - One of the largest banks in Latvia, providing a wide range of financial services.
• SEB Banka - Another major bank in Latvia, offering various banking and financial services.
• Rimi - A prominent retail chain operating supermarkets and hypermarkets in Latvia.
• Latvijas Gāze - The state-owned energy company responsible for electricity and thermal energy generation and distribution.
• Grindeks - A pharmaceutical company specializing in the development and manufacturing of various medications.
• Olainfarm - A pharmaceutical company known for producing a wide range of medicinal products.
• Latvijas Dzelzceļš - The Latvian Railways, which manages the railway infrastructure and transportation services.
• Latvijas Dzelzceļš - The Latvian Railways, which manages the railway infrastructure and transportation services.
• Tele2 - A telecommunications company providing mobile, internet, and other communication services.

Top Banks in Latvia (as of 2021):

• Swedbank - A major financial institution with a significant presence in Latvia.
• SEB Banka - One of the leading banks in Latvia, offering a wide range of banking services.
• Citadele Bank - A Latvian bank with a focus on retail and corporate banking.
• Luminor Bank - A banking group serving individuals and businesses in the Baltic region.
• BlueOrange Bank - A Latvian bank providing a variety of financial services.
• OP Corporate Bank - Part of the OP Financial Group, offering corporate and institutional banking services.
• Rietumu Banka - A bank in Latvia known for providing private and corporate banking services.
• Norvik Banka - A Latvian bank offering various banking and financial solutions.
• PrivatBank - A Latvian bank specializing in retail and corporate banking services.