Latvia

Latvia's economy experienced a slight contraction in 2023, indicated by a negative GDP growth rate, while simultaneously grappling with a significantly high inflation rate. This suggests a challenging economic environment where prices are rising but economic output is shrinking.

Latvia faces a demographic challenge with a very low fertility rate, significantly below the replacement level of 2.1, alongside a noticeable decline in its total population. This trend indicates potential long-term issues for its workforce and social welfare systems.

Despite other economic and demographic challenges, Latvia boasts an impressively low infant mortality rate, which is comparable to or even better than many highly developed nations. This indicates a strong performance in maternal and child healthcare.

Latvia stands out with over half of its land covered by forests, highlighting a significant natural resource and commitment to environmental preservation. Additionally, the country has achieved universal access to electricity, demonstrating robust infrastructure development.