Development of national economy in Latvia
1998
Sprogis, A. (Latvian Academy of Sciences, Riga (Latvia). Inst. of Economics)
In the given article the development of the national economy in Latvia is discussed considering the GDP (Gross Domestic Product). According to the data of the Latvia Bureau of Statistics the GDP decreased twice in the period of 1990-1997. Taking into consideration the possibly high percentage of the shadow economy the decrease migth be only 1.5 times. Latvia possesses potential opportunities for the increase of GDP in 2010 at least twice in comparison with 1997 and also for directing development closer to the of the European Union. To ensure successful development radical improvement of Latvia economy policy is necessary.
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