What is the biggest industry in Latvia?

Its major industries are textiles, processed wood products, processed foods, chemicals, metalwork, and machine building. Latvia builds both small and big machines such as railway cars, buses, washing machines, and radios. The chemical industry makes up a huge chunk of exports.

What is the main industry in Latvia?

Four cornerstones of the Latvian economy are agriculture, chemicals, logistics and woodworking. Other prominent sectors include textiles, food processing, machinery production and green technologies. Agriculture enjoys the fertile soil and temperate climate of Latvia.

What is the main source of income in Latvia?

Latvia’s small, open economy relies heavily on exports. Transit services are highly developed, as are timber and wood processing, agriculture and food products, and the machinery manufacturing and electronics industries.

What is Latvia biggest export?

Latvia exports mainly wood and wood products, machinery and equipment, iron and steel, textiles and foodstuffs. Latvia’s main export partners are Lithuania, Russia, Estonia, Germany and Sweden.

Is Latvia poorer than India?

Latvia has a GDP per capita of $27,700 as of 2017, while in India, the GDP per capita is $7,200 as of 2017.

Is Latvia a good country to live in?

The beautiful Baltic nation Latvia is one of the most affordable places to live in Europe and offers great potential for expats. … Charming restaurants and corners, and lovely parks with beautiful scenery, are some of the things you can find in the vibrant and fast-paced Latvian capital.

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What is the average salary in Latvia?

What is the average salary in Latvia? Latvia offers an average salary of about $10.98 an hour, $2,004.7/month, or $24,059.60 a year. These figures are inclusive of housing, transport, and other benefits, which brings the take-home pay (after taxes) to an average of $827/month.

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