Latvia
Baltics · Europe
Population
1.86M
GDP (Nominal)
$43.52B
Capital City
Riga
Currency
EUR (Euro)
Avg Salary
$1820/mo
Region
Baltics
Livability Index 2026
51.4/100
Cost of Living
25/100
Avg Salary
62.6/100
Safety
62.6/100
Healthcare
70/100
Education
74/100
Overall Livability
Institutional Summary
Latvia is a beautiful Baltic nation known for its deep forests, historic capital of Riga, and incredibly fast internet. It offers a highly affordable European lifestyle, though expats must brave its long, dark winters.
Cost of Living
Monthly Rent (1BR)$500
Monthly Groceries$300
Monthly Transport$50
Utilities & Internet$170
Estimated Total Monthly
$1,020 /person
AI Algorithm Summary
Major Strengths
- • Accessible immigration and visa pathways
Algorithmic Red Flags
- • No severe algorithmic red flags
Economic Performance
📈 Stable GrowthGDP Per Capita
$23,397
Inflation Rate
1.3%
Unemployment
6.9%
5-Year GDP Trend
Migration & Visa
Schengen Short-Stay (Type C)
National Long-Stay (Type D)
Golden Visa (Investment Residence Permit)
Visa Difficulty
3/10
PR Eligibility
Eligible for permanent residency after 5 years of continuous legal residence
Employment Landscape
Avg Monthly Salary
$1,820
Trending
Top Performing Industries
Wood and Forestry
IT and Telecommunications
Logistics and Transit
Social Indicators
Life Expectancy
75.3 Yrs
Literacy Rate
99%
Top Universities (QS Rank)
Riga Technical University (RTU)#
Compare Latvia
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