Latvia is a member country of the EU since May 1, 2004 with its geographical size of 64,573 km², and population number 1,986,096, as per 2015. Latvians comprise 0.4% of the total EU population. Its capital is Riga and the official language is Latvian. The Gross Domestic Product (GDP) is €24.378 billion, as per 2015. Latvia’s currency is Euro (€) since it became a member of the eurozone on January 1, 2014. The political system is a parliamentary republic.
Latvia holds 8 seats in the European Parliament and held the revolving presidency of the Council of the EU for the first time in 2015. Latvia is a member country of the Schengen Area since December 21, 2007.