ine while moving in the long run toward
joint ventures, technological support, and trade ties to the West. Because
of the efficiency of its mostly individual farms, Latvians enjoy a diet that
is higher in meat, vegetables, and dairy products and lower in grain and
potatoes than diets in the 12 non-Baltic republics of the USSR. Good
relations with Russia are threatened by animosity between ethnic Russians
(34% of the population) and native Latvians.
GDP:
purchasing power equivalent - $NA; per capital NA; real growth rate - 8%
(1991)
Inflation rate (consumer prices):
approximately 200% (1991)
Unemployment rate:
NA%
Budget:
revenues $NA; expenditures $NA, including capital expenditures of $NA (1991)
Exports:
$239 million (f.o.b., 1990)
commodities:
food 14%, railroad cars 13%, chemicals 12%
partners:
Russia 50%, Ukraine 15%, other former Soviet republics 30%, West 5%
Imports:
$9.0 billion (c.i.f., 1989)
commodities:
machinery 35%, petroleum products 13%, chemicals 9%
partners:
NA
External debt:
$650 million (1991 est.)
Industrial production:
growth rate 0% (1991)
Electricity:
1,975,000 kW capacity; 6,500 million kWh produced, 2,381 kWh per capita
(1990)
Industries:
employs 33.2% of labor force; highly diversified; dependent on imports for
energy, raw materials, and intermediate products; produces buses, vans,
street and railroad cars, synthetic fibers, agricultural machinery,
fertilizers, washing machines, radios, electronics, pharmaceuticals,
processed foods, textiles
Agriculture:
employs 23% of labor force; principally dairy farming and livestock feeding;
products - meat, milk, eggs, grain, sugar beets, potatoes, and vegetables;
fishing and fish packing
Illicit drugs:
transshipment point for illicit drugs from Central and Southwest Asia to
Western Europe

:Latvia Economy

Economic aid:
US commitments, including Ex-Im (FY70-87), $NA billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-86), $NA million;
Communist countries (1971-86), $NA million
Currency:
as of May 1992, retaining ruble as currency but planning early introduction
of ``lat''
Exchange rates:
NA
Fiscal year:
calendar year

:Latvia Communications

Railroads:
2,400 km (includes NA km electrified) does not include industrial lines
(1990)
Highw