In the face of falling population, the GDP is growing.

The Gross Domestic Product (GDP) in Latvia was worth 30.26 billion US dollars in 2017. The GDP value of Latvia represents 0.05 percent of the world economy. GDP in Latvia averaged 15.85 USD Billion from 1987 until 2017, reaching an all-time high of 35.60 USD Billion in 2008 and a record low of 4.50 USD Billion in 1993.

Latvia has done well on it's own. It is an open economy of Northern Europe and is a member of the EU's single market.

1999 - Member WTO

2004 - Member EU

2011 - Ranked high as a country practicing Very High Human Development (HDI) (click here)

Automation that is adverse to human development and well being is a detriment to a country's best interest. Unions should bring this aspect of human development and economic security to the attention of companies and employees.

The Human Development Report

Each year since 1990 the Human Development Report has published the Human

Development Index (HDI) which was introduced as an alternative to conventional measures of national development. The HDI represents a broader definition of well-being and provides a composite measure of three basic dimensions of human development: health, education and income.

2014 - Member Eurozone

2016 - Member OECD(Organization for Economic Cooperation and Development)

Today, Latvia is ranked 19th by the World Bank in Ease of Doing Business (click here)