LATVIA 12th April 2017

Mr. Vladimír DLOUHÝ Chairman of ICC Czech Republic LATVIA Mr. Vladimír DLOUHÝ Chairman of ICC Czech Republic 12th April 2017

Composition of GDP (2016 est.) LATVIA International Trade (2017/Jan, million EUR)* GDP (PPP, 2016): $ 50,87 billion (CZE: $ 350.9 bil.) GDP per capita (PPP, 2016): $ 25,700 (CZE: $ 30,246)* Export Import Balance 809 984 -175 Composition of GDP (2016 est.) Commodities: foodstuffs, wood and wood products, metals, machinery and equipment, textiles Partners (2015): Lithuania 17.8%, Russia 11.5%, Estonia 11.1%, Germany 6.3%, Poland 5.6%, Sweden 5.2%, UK 5%, Denmark 4% Commodities: machinery and equipment, consumer goods, chemicals, fuels, vehicles Partners (2015) Lithuania 16.9%, Germany 11.2%, Poland 10.5%, Russia 8.1%, Estonia 7.7%, Finland 5.2%, Netherlands 4% (2015) Export Import OECD Country Risk Classification(1/2017): -/7 Global Competitiveness Index (2016-2017): 49/138 Doing Business (2017): 14/190 IMD World Competitiveness Yearbook (2016): 37/61 Moody ´s (2/2015): A3 Fitch (6/2014) A- Rankings** Ratings To CZE***: Milk, eggs, honey, edible products of animal origin, cereal malt, starches, inulin, wheat gluten, Preparations of meat, fish and shellfish water invertebrates, Fuel oils and bituminous substances wax products, Plastics and plastic products, Wood charcoal, wood products, Silk chemical, Articles of stone plaster cement asbestos, Iron and Steel, Aluminum and aluminum products, Reactors, boilers, mechanical appliances Instruments. From CZE: Motor vehicle wheel tractors and vehicles, Devices el recording sound reproduction TV picture, Reactors, boilers, mechanical appliances Instruments, Aluminum and aluminum products, Animal fats, vegetable oils edible waxes, Drink liquid alcohol, vinegar, Soap lubricating preparations washing and polishing wax, Various chemical products, Plastics and plastic products, Rubber. Sources: *CIA Factbook, **OECD, Reports.webforum.org, Tradingeconomics.com, Imd.org, DoingBusiness.org ***BusinessInfo.cz 12th April 2017