Latvia has a population of 1.9 million people, and a land mass of 62 000 km2. Life expectancy is 74 years, and with a per capita GDP of USD 17828, the country is classified as a high income country. The country's GDP grew in 2019 with 2.1%, and totaled a nominal value of USD 34.1 billion.
Latvia is ranked at place 19 in the World Bank Doing Business Index, out of 190 countries in total. On Transparency International's corruption perception index, Latvia is ranked at place 42, out of 180 countries in total.
Norwegian exports to Latvia in 2020 were NOK 973 million. The same year, Norway imported goods from Latvia at a value of NOK3.185 billion.