NA%

Household income or consumption by percentage share:

lowest 10%: 2.5% highest 10%: 29.1% (2003)

Distribution of family income - Gini index:

37.7 (2003)

Investment (gross fixed):

32.5% of GDP (2007 est.)

Budget:

revenues: $10.47 billion expenditures: $10.29 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

7.4% of GDP (2007 est.)

Inflation rate (consumer prices):

10.1% (2007 est.)

Central bank discount rate:

6% (31 December 2007)

Commercial bank prime lending rate:

10.91% (31 December 2007)

Stock of money:

$8.196 billion (31 December 2007)

Stock of quasi money:

$5.113 billion (31 December 2007)

Stock of domestic credit:

$27.56 billion (31 December 2007)

Agriculture - products:

grain, sugar beets, potatoes, vegetables; beef, pork, milk, eggs; fish

Industries:

buses, vans, street and railroad cars; synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles; note - dependent on imports for energy and raw materials

Industrial production growth rate:

5.4% (2007 est.)

Electricity - production:

4.734 billion kWh (2006 est.)

Electricity - consumption:

6.424 billion kWh (2006 est.)

Electricity - exports:

1.676 billion kWh (2007 est.)

Electricity - imports:

4.671 billion kWh (2007 est.)

Electricity - production by source:

fossil fuel: 29.1% hydro: 70.9% nuclear: 0% other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

35,180 bbl/day (2006 est.)

Oil - exports:

10,070 bbl/day (2005)

Oil - imports:

45,340 bbl/day (2005)

Oil - proved reserves:

0 bbl (1 January 2006 est.)

Natural gas - production:

0 cu m (2007 est.)

Natural gas - consumption:

2.04 billion cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

2.04 billion cu m (2007 est.)

Current account balance:

-$6.231 billion (2007 est.)

Exports:

$8.143 billion f.o.b. (2007 est.)

Exports - commodities:

wood and wood products, machinery and equipment, metals, textiles, foodstuffs

Exports - partners:

Lithuania 15.1%, Estonia 13.8%, Russia 13%, Germany 8.3%, Sweden 7.4%, UK 6.5% (2007)

Imports:

$14.82 billion f.o.b. (2007 est.)

Imports - commodities:

machinery and equipment, chemicals, fuels, vehicles

Imports - partners:

Germany 15.1%, Lithuania 13.8%, Russia 8.7%, Estonia 8%, Poland 6.9%, Finland 5.1%, Sweden 4.9% (2007)

Economic aid - recipient:

$162 million (2004)

Reserves of foreign exchange and gold:

$5.758 billion (31 December 2007 est.)

Debt - external:

$33.53 billion (31 December 2007)

Stock of direct foreign investment - at home:

$8.62 billion (2007 est.)

Stock of direct foreign investment - abroad:

$699 million (2007 est.)

Market value of publicly traded shares:

$2.705 billion (2006)

Currency (code):

lat (LVL)

Currency code: