The population continues to rapidly decrease; the volume of industrial production is also declining.
The expert of the Latvian Confederation of Employers, Janis Hermanis, continues to summarize the success story of our country in various fields. This time - in industry and demographics. The conclusions are unflattering.
In Latvia, the volume of industry is at the same level as in Estonia (with a population one-third smaller) and approximately 2.5 times less than in Lithuania.
The only sub-sectors where Latvia is ahead are woodworking and pharmaceuticals.
The population of Latvia at the end of last year may be just over 1.8 million people (exact data will be calculated by the Central Statistical Bureau in early June). Over the past 10 years, the population has decreased by almost 10%, which is partially compensated by military refugees from Ukraine (+2.. 3%).
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