Latvia has a population of 2 million people, and a land mass of 62 000 km2. Life expectancy is 73 years, and with a per capita GDP of USD 14118, the country is classified as a high income country. The country's GDP grew in 2016 with 2%, and totaled a nominal value of USD 27.6 billion.
Latvia is ranked at place 14 in the World Bank Doing Business Index, out of 189 countries in total. On Transparency International's corruption perception index, Latvia is ranked at place 40, out of 167 countries in total.
Norwegian exports to Latvia in 2016 were NOK 887 million. The same year, Norway imported goods from Latvia at a value of 2.804 billion.