Latvia: Population, Economy & Travel Facts

Essential data for planning your trip to Latvia — from population and demographics to economic indicators, healthcare infrastructure, tourism trends, and digital connectivity.

Population & Geography

Population
1,926,542
#147 of 197 countries
Area
64,589 km²
#126 of 248 countries
Density
29.8 / km²
#187 of 245 countries

Latvia has a population of 1,926,542 spread across 64,589 km², giving it an average density of 29.8 people per km².

Demographics

Median Age
43.8
Life Expectancy
76.4 yrs
Government
parliamentary republic
Ethnic Groups
Religions
GDP by Sector

Economy & Cost of Living

Understanding the local economy helps travellers budget effectively and set expectations. Latvia is classified as a high income country by the World Bank. Prices are roughly 53% of US levels, meaning costs are moderate and most travellers will find it reasonably affordable.

Income Level
High income
GDP per Capita
$22,710
Cost of Living
53% of US
Inflation
8.9%
Inequality
33.7
Moderate