Latvia is a fully integrated member of all major economic and political structures—including the European Union, NATO, WTO and OECD —advancing trade, peace and freedom in Europe and the world. Its position in the global market offers investors both opportunity and stability.
In the wake of the economic downfall Latvia’s growth was stopped, yet it successfully re-emerged due to a number of difficult measures implemented by the government laying the groundwork for sustainable growth. Latvia has made rapid progress in adjusting its economy since the economic crisis, as illustrated by its successful entry to the euro area at the beginning of 2014, and has implemented a number of structural reforms enabling membership of the OECD. Some indicators of macroeconomic stability include:
Political and legal stability
Latvia is a democratic republic that abides by the rule of law. It is fully integrated into the European Union, applying EU laws and regulations within its legal system. Indicators of Latvia’s political stability include: