TABLE OF CONTENTS
CHAPTER 1 EXECUTIVE SUMMARY 5
1.1 Executive Summary 5
CHAPTER 2 KEY FACTS AND OVERVIEW 7
2.1 Key Facts 7
2.2 Country Overview 9
2.3 Policy and Business 10
CHAPTER 3 THE LATVIAN ECONOMY 12
3.1 Economic Overview 12
3.2 Economic Performance 15
3.3 Foreign Trade 16
3.4 Major Trading Partners 18
3.5 Key Economic Issues 20
3.6 Economic Prospects 20
CHAPTER 4 MAJOR INDUSTRIES IN LATVIA 21
4.1 Food Industry 21
4.2 Forestry and Woodworking 23
4.3 Mechanical Engineering and Metalworking 24
4.4 Biotechnologies Chemicals and Pharmaceuticals 25
4.5 Textile and Clothing 27
4.6 Electronics, Electrical Manufacturing and Engineering 28
CHAPTER 5 TRANSPORT AND LOGISTICS IN LATVIA 29
5.1 Latvia Logistics Overview 29
5.2 Logistics Players in Baltics 31
5.3 Road and rail transport 36
5.4 Inland Waterways 45
5.5 Pipeline Transport 46
CHAPTER 6 LOGISTICS OUTLOOK FOR LATVIA 47
6.1 Logistics Outlook for Latvia 47


TABLE OF FIGURES
Figure 1: Latvia: Geographical Location 9
Figure 2: Latvia: Exchange Rate 13
Figure 3: Latvia: Real GDP ($ Billion), 2000-2006 14
Figure 4: Latvia: Unemployment Rate (%), 2000-2005 15
Figure 5: Latvia: CPI Inflation in Latvia (%), 2000-2005 16
Figure 6: Latvia: Structure of Exports by Commodity (%), 2006 18
Figure 7: Latvia: Structure of Imports by Commodity (%), 2006 19
Figure 8: Latvia: Exports by Destination (%), 2006 20
Figure 9: Latvia: Imports by Country of Origin (%), 2006 21
Figure 10: Latvia: Structure of Food Industry (%), 2004 23
Figure 11: Latvia: Food and Beverage Output ($ Billions), 1998-2004 24
Figure 12: Latvia: Sector Output in Actual Prices ($ Millions), 1996-2005 26
Figure 13: Latvia: Output by Sector (%), 2005 27
Figure 14: Latvia: Road Freight Volumes (Million Tonnes), 2003-2005 35
Figure 15: Latvia: Road Transport Performance (Billion Ton-Kilometres), 2000-2004 36
Figure 16: Latvia: Structure of Roadways (Km), 2006 37
Figure 17: Latvia: Total Rail Freight Volumes (Million Tonnes), 2001-2006 38
Figure 18: Latvia: Structure of Rail Freight Volumes by Activity (%), 2001-2006 39
Figure 19: Latvia: Rail Transport Performance (Billion Ton-kilometres), 2000-2006 40
Figure 20: Latvia: Structure of Railway Freight (%), 2006 41
Figure 21: Latvia: Structure of Railway Tracks (%), 2006 42
Figure 22: Latvia: Structure of Main Line Railway Tracks (%), 2006 43
Figure 23: Latvia: Volume of Goods Handled by Ports (Million Tonnes), 1996-2006 44
Figure 24: Latvia: Volume of Goods Transported Through Pipeline Transport (Million Tonnes), 1995-2006 45
Figure 25: Latvia: Volume of Pipeline Freight (Million Tonnes), 2007-2012 47
Figure 26: Latvia: Rail Transport Performance (Billion Ton-kilometres), 2007-2012 48
Figure 27: Latvia: Volume of Sea/Maritime Freight (Million Tonnes), 2007-2012 49
Figure 28: Latvia: Logistics and Storage Nominal Market Value ($ Billions), 2006-2012 50