Compare Latvia (2008) - Latvia (2007)

Compare Latvia (2008) z Latvia (2007)

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	Latvia (2008)	Latvia (2007)

Budget	revenues: $8.975 billion expenditures: $8.88 billion (2007 est.)	revenues: $7.198 billion expenditures: $7.255 billion (2006 est.)
Coastline	498 km	531 km
Debt - external	$29.85 billion (30 June 2007)	$22.94 billion (2006 est.)
Diplomatic representation from the US	chief of mission: Ambassador Charles LARSON Jr. embassy: 7 Raina Boulevard, Riga LV-1510 mailing address: American Embassy Riga, PSC 78, Box Riga, APO AE 09723 telephone: [371] 703-6200 FAX: [371] 782-0047	chief of mission: Ambassador Catherine Todd BAILEY embassy: 7 Raina Boulevard, Riga LV-1510 mailing address: American Embassy Riga, PSC 78, Box Riga, APO AE 09723 telephone: [371] 703-6200 FAX: [371] 782-0047
Disputes - international	Russia refuses to sign the 1997 boundary treaty due to Latvian insistence on a unilateral clarificatory declaration referencing Soviet occupation of Latvia and territorial losses; Russia demands better Latvian treatment of ethnic Russians in Latvia; as of January 2007, ground demarcation of the boundary with Belarus was complete and mapped with final ratification documentation in preparation; the Latvian parliament has not ratified its 1998 maritime boundary treaty with Lithuania, primarily due to concerns over oil exploration rights; as a member state that forms part of the EU's external border, Latvia has implemented the strict Schengen border rules with Russia	Russia refuses to sign the 1997 boundary treaty due to Latvian insistence on a unilateral clarificatory declaration referencing Soviet occupation of Latvia and territorial losses; Russia demands better Latvian treatment of ethnic Russians in Latvia; as of January 2007, ground demarcation of the boundary with Belarus was complete and mapped with final ratification documentation in preparation; the Latvian parliament has not ratified its 1998 maritime boundary treaty with Lithuania, primarily due to concerns over oil exploration rights; as a member state that forms part of the EU's external border, Latvia must implement the strict Schengen border rules with Russia
Economy - overview	Latvia's economy experienced GDP growth of more than 10% per year during 2006-07. The majority of companies, banks, and real estate have been privatized, although the state still holds sizable stakes in a few large enterprises. Latvia officially joined the World Trade Organization in February 1999. EU membership, a top foreign policy goal, came in May 2004. The current account deficit - more than 22% of GDP in 2007 - and inflation - at nearly 10% per year - remain major concerns.	Latvia's economy experienced average GDP growth of more than 7.0% over the past several years. In 2006 it reached 10.2% real GDP growth. The majority of companies, banks, and real estate have been privatized, although the state still holds sizable stakes in a few large enterprises. Latvia officially joined the World Trade Organization in February 1999. EU membership, a top foreign policy goal, came in May 2004. The current account deficit - more than 15% of GDP in 2006 - and inflation remain major concerns.
Exchange rates	lati per US dollar - 0.5162 (2007), 0.5597 (2006), 0.5647 (2005), 0.5402 (2004), 0.5715 (2003)	lati per US dollar - 0.5597 (2006), - 0.5647 (2005), 0.5402 (2004), 0.5715 (2003), 0.6182 (2002)
Executive branch	chief of state: President Valdis ZATLERS (since 8 July 2007) head of government: Prime Minister Ivars GODMANIS (since 20 December 2007) cabinet: Council of Ministers nominated by the prime minister and appointed by Parliament elections: president elected by Parliament for a four-year term (eligible for a second term); election last held 31 May 2007 (next to be held 2011); prime minister appointed by the president, confirmed by Parliament election results: Valdis ZATLERS elected president; parliamentary vote - Valdis ZATLERS 58, Aivars ENDZINS 39	chief of state: President Valdis ZATLERS (since 8 July 2007) head of government: Prime Minister Aigars KALVITIS (since 2 December 2004) cabinet: Council of Ministers nominated by the prime minister and appointed by the Parliament elections: president elected by Parliament for a four-year term (eligible for a second term); election last held 31 May 2007 (next to be held 2011); prime minister appointed by the president election results: Valdis ZATLERS elected president; parliamentary vote - Valdis ZATLERS 58, Aivars ENDZINS 39
GDP - composition by sector	agriculture: 3.5% industry: 21.3% services: 75.2% (2007 est.)	agriculture: 3.7% industry: 21.5% services: 74.8% (2006 est.)
GDP - real growth rate	10.3% (2007 est.)	11.9% (2006 est.)
Industrial production growth rate	5.9% (2007 est.)	8.5% (2006 est.)
Inflation rate (consumer prices)	9.6% (2007 est.)	6.5% (2006 est.)
International organization participation	Australia Group, BA, BIS, CBSS, CE, EAPC, EBRD, EIB, EU, FAO, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, ITUC, MIGA, NATO, NIB, NSG, OAS (observer), OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UNWTO, UPU, WCO, WEU (associate partner), WHO, WIPO, WMO, WTO	Australia Group, BA, BIS, CBSS, CE, EAPC, EBRD, EIB, EU, FAO, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, ITUC, MIGA, NATO, NIB, NSG, OAS (observer), OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNWTO, UPU, WCO, WEU (associate partner), WHO, WIPO, WMO, WTO
Land boundaries	total: 1,348 km border countries: Belarus 141 km, Estonia 343 km, Lithuania 588 km, Russia 276 km	total: 1,368 km border countries: Belarus 167 km, Estonia 343 km, Lithuania 576 km, Russia 282 km
Legislative branch	unicameral Parliament or Saeima (100 seats; members are elected by proportional representation from party lists by popular vote to serve four-year terms) elections: last held 7 October 2006 (next to be held in October 2010) election results: percent of vote by party - TP 19.5%, ZZS 16.7%, JL 16.4%, SC 14.4%; LPP/LC 8.6%; TB/LNNK 7%; PCTVL 6%; seats by party - TP 23, ZZS 18, JL 18, SC 17, LPP/LC 10, TB/LNNK 8, PCTVL 6; note - seats by party as of February 2008 - TP 21, ZZS 17, SC 17, JL 14, LPP/LC 10, TB/LNNK 5, PCTVL 6, independents 10	unicameral Parliament or Saeima (100 seats; members are elected by proportional representation from party lists by popular vote to serve four-year terms) elections: last held 7 October 2006 (next to be held in October 2010) election results: percent of vote by party - TP 19.5%, ZZS 16.7%, JL 16.4%, SC 14.4%; LPP/LC 8.6%; TB/LNNK 7%; PCTVL 6%; seats by party - TP 23, ZZS 18, JL 18, SC 17, LPP/LC 10, TB/LNNK 8, PCTVL 6
Pipelines	gas 948 km; oil 82 km; refined products 415 km (2007)	gas 1,097 km; oil 82 km; refined products 415 km (2006)
Political parties and leaders	First Party of Latvia/Latvia's Way or LPP/LC [Ainars SLESERS, Ivars GODMANIS]; For Human Rights in a United Latvia or PCTVL [Jakovs PLINERS]; For the Fatherland and Freedom/Latvian National Independence Movement or TB/LNNK [Roberts ZILE, Maris GRINBLATS]; Harmony Center or SC [Janis URBANOVICS, Nils USAKOVS]; Latvian Social Democratic Workers Party (Social Democrats) or LSDSP [Juris BOJARS]; Latvian Socialist Party or LSP [Alfreds RUBIKS]; New Democrats or JD [Maris GULBIS]; New Era Party or JL [Einars REPSE, Krisjanis KARINS]; People's Party or TP [Aigars KALVITIS]; The Union of Latvian Greens and Farmers Party or ZZS [Augusts BRIGMANIS]	First Party of Latvia or LPP [Ainars SLESERS]; For Human Rights in a United Latvia or PCTVL [Jakovs PLINERS]; For the Fatherland and Freedom/Latvian National Independence Movement or TB/LNNK [Roberts ZILE, Maris GRINBLATS]; Harmony Center or SC [Janis URBANOVICS, Nils USAKOVS]; Latvian Farmer's Union or LZS [Augusts BRIGMANIS]; Latvian Social Democratic Workers Party (Social Democrats) or LSDSP [Juris BOJARS]; Latvian Socialist Party or LSP [Alfreds RUBIKS]; Latvia's Way or LC [Ivars GODMANIS, Ainars BERZINS]; New Democrats or JD [Maris GULBIS]; New Era Party or JL [Einars REPSE, Krisjanis KARINS]; People's Party or TP [Aigars KALVITIS]; The Union of Latvian Greens and Farmers Party or ZZS [Indulis EMSIS]
Unemployment rate	5.9% (2007 est.)	6.5% (2006 est.)

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