Latvia has received preliminary approval to become the 18th member of the euro currency bloc.
Here’s a look at key economic and demographic statistics for Latvia and the current 17-country eurozone.
|Population||332 million||2 million|
|Gross domestic product (2012)||9.5 trillion euros ($12.41 trillion)||22.3 billion euros ($29.14 billion)|
|Public debt (percent of annual GDP)||91 percent||41 percent|
|Budget deficit (percent of annual GDP)||3.7 percent||1.2 percent|
|Unemployment||12.2 percent (April)||12.4 percent (Q1 2013)|
|Average yearly net earnings (2010)||20,882 euros ($27,287)||5,096 euros ($6,659)|