EU member state. Compliance scores reflect the regulatory advantages of EU single market membership and are not directly comparable to non-EU sourcing countries.
Europe
Latvia
EU Compliance · Geopolitical Risk · Sourcing Attractiveness · Intra-EU Risk
Why these scores
EU Compliance, by dimension
1 = lowest risk · methodology & sources
Geopolitical Risk, by dimension
1 = lowest risk · methodology & sources
Attractiveness, by dimension
9 = most attractive · methodology & sources
Analyst scores, last reviewed June 2026; each dimension's sources and cadence are on its methodology page.
Data layers
Latvia on the world stage
Total imports
$22.7bn
2024 annual
Total exports
$19.7bn
174 partners
#1 import source
Lithuania
20.7%
#1 export dest.
Lithuania
18.0%
2024 annual, UN Comtrade (HS TOTAL, all partners). Line colour: coverage (exports/imports per partner).
Intra-EU trade: Latvia
EU imports from
€13.0bn
intra-EU flow
EU exports to
€19.4bn
intra-EU flow
Intra-EU rank
#56
by import value
EU trade balance
balanced or surplus
coverage 1.49
2025 annual totals, Eurostat COMEXT.
Electricity & grid
National sources · carbon from Ember
Industrial
85
EUR/MWh
Consumer
185
EUR/MWh, all-in
Grid carbon
137
gCO₂e/kWh
Renewables
65%
of generation
Wholesale 80 EUR/MWh · market market
Power market
● Import dependenceMarket model
Liberalised wholesale market (Nord Pool)
Direct PPA
Allowed
grid access: open
Reserve margin
–
Regulator
Independent
PUC (Public Utilities Commission / Sabiedrisko pakalpojumu regulesanas komisija)
Small system dependent on Daugava River hydropower (40%), which varies significantly with rainfall, and gas imports (28%). Latvia has no nuclear and limited wind development (8%). In low-hydro years the country is…
Tracked infrastructure
4 gas plants
1.1 GW
3 wind farms
100 MW · 1 building
0 solar farms
capacity n/a · 4 building
3 hydro plants
1.5 GW
Operating assets tracked by Global Energy Monitor (CC BY 4.0); counts are tracked facilities, not exhaustive totals. Energy overview →
Intra-EU sourcing risk
EU · 1 = lowest riskMonitored ports (4)
Source: IMF PortWatch. Port count reflects monitoring coverage, not economic significance.
Demographics
UN World Population Prospects 2024 · medium variant
Median age
43.3
→ 47.9 by 2050
Fertility
1.34
below replacement
Working-age
62.9%
aged 15–64
Old-age dep.
34.6
→ 49.7 by 2050
Median age 1990–2050
Population 1.87M · peaks 2024
By 2050: -19% (1.51M)