Since gaining its independence Latvia has had a strong, market-oriented approach resulting in new economic growth time after time. Their progressive and international vision has turned Latvia into an attractive country for many international companies. With our PEO service, you can easily access the Latvian market and explore the possibilities of this North European country.
The bricks of Latvia’s economy were built during the country’s diverse history, heavenly influenced by Germany and later, as part of Russia. Latvia exploited its geographic location to develop into a thriving trading spot. As part of Russia, Latvia became the main supplier of industrial products for the whole empire, and they still serve most of this area.
Latvia’s GDP relies largely on the successful financial service sector while their exports in timber and agriculture also provide a steady factor.