According to Numbeo’s cost of living survey, Latvia takes the 52nd place and 19th on ease of doing business list (World Bank).
GDP nominal – 2018 estimate
• Total $30.176 billion
• Per capita $18,472
GDP (PPP) – 2018 estimate
• Total $53.467 billion
• Per capita $29,489
GDP Growth: 4.5% 2017 (CSB)
Average gross salary
€1004, monthly (2018, quarter II)[3]
Average net salary
€743, monthly (2018, quarter II)[4]
Public Debt/GDP: 36.2% of GDP (2018 quarter I)
Unemployment
• 7,7% (2018, quarter II)
Inflation: 2,9% (CPI, 2017)
(Source:Wikipedia)
Main industries are: food, wood, textiles and metals processing, pharmaceuticals, railroad cars, synthetic fibers, electronics.
Establishing limited company – SIA costs approximately 200 eur and minimum capital is 1 eur. Corporate income tax is 20%.
