Latvia (Republic of Latvia)
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| Flag of Latvia | |
After centuries of Teutonic, Swedish, Polish-Lithuanian and Russian rule, which was mainly executed by the local Baltic German aristocracy, the independent Republic of Latvia was established on 18 November 1918 when it broke away from the German Empire and declared independence in the aftermath of World War I. However, by the 1930s the country became increasingly autocratic after the coup in 1934 establishing an authoritarian regime under Kārlis Ulmanis. The country's de facto independence was interrupted at the outset of World War II, beginning with Latvia's forcible incorporation into the Soviet Union, followed by the invasion and occupation by Nazi Germany in 1941, and the re-occupation by the Soviets in 1944 to form the Latvian SSR for the next 45 years. As a result of extensive immigration during the Soviet occupation, ethnic Russians became the most prominent minority in the country, now constituting nearly a quarter of the population. The peaceful Singing Revolution started in 1987, and ended with the restoration of de facto independence on 21 August 1991. Since then, Latvia has been a democratic unitary parliamentary republic.
Latvia is a developed country, with a high-income advanced economy; ranking 39th in the Human Development Index. Latvia is a member of the European Union, Eurozone, NATO, the Council of Europe, the United Nations, the Council of the Baltic Sea States, the International Monetary Fund, the Nordic-Baltic Eight, the Nordic Investment Bank, the Organisation for Economic Co-operation and Development, the Organization for Security and Co-operation in Europe, and the World Trade Organization.
The name Latvija is derived from the name of the ancient Latgalians, one of four Indo-European Baltic tribes (along with Curonians, Selonians and Semigallians), which formed the ethnic core of modern Latvians together with the Finnic Livonians. Henry of Latvia coined the latinisations of the country's name, "Lettigallia" and "Lethia", both derived from the Latgalians. The terms inspired the variations on the country's name in Romance languages from "Letonia" and in several Germanic languages from "Lettland".
Currency / Language
| ISO | Currency | Symbol | Significant figures |
|---|---|---|---|
| EUR | Euro | € | 2 |
| ISO | Language |
|---|---|
| LV | Latvian language |
| LT | Lithuanian language |
| RU | Russian language |
