Latvia is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Latvia is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Latvia exports around $12.67 billion and imports roughly $15.56 billion. 8.3% of population in the country are unemployed. The total number of unemployed people in Latvia is 160,185. In Latvia, 22.5% of the population lives below the poverty line. ***
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