The Republic of Latvia is a small country in Northern Europe and one of the three Baltic States. Latvia is a small open economy, and its exports account for the majority of its GDP. Due to the strategic geographical position of Latvia, the transport and transit sector is highly developed. Latvia became a success story […]

Latvia has enjoyed one of the fastest growths in the tourism sector in the EU. During the last five years alone, the number of tourists visiting Latvia has increased by 50%.  In 2016, Latvia recorded 2.3 million people in its tourist accommodation establishments. The statistics of Latvia’s Central Statistical Bureau (CSB) showed 1.3 million people […]

The great majority of Portugal’s international trade is done within the European Union (EU), whose countries received 72.8% of the Portuguese exports and were the origin of 76.5% of the Portuguese imports in 2015. Other regional groups that are significant trade partners of Portugal are the NAFTA (6.3% of the exports and 2% of the […]

The Spanish economy is the fifth-largest in the European Union, and the fourth-largest in the Eurozone, based on nominal GDP statistics. In 2012, Spain was the twelfth-largest exporter in the world and the sixteenth-largest importer. According to The Economist, Spain has the world’s 10th highest quality of life. Spain has also the biggest life expectancy […]

As of 2015, Greece is the fifteenth-largest economy in the 28-member European Union. Greece is a developed country with an economy based on the service (82.8%) and industrial sectors (13.3%). The agricultural sector contributed 3.9% of national economic output in 2015. Important Greek industries include tourism and shipping. With 18 million international tourists in 2013, […]