Riga - Economy

Economy

Riga is one of the key economic and financial centers of the Baltic States. Roughly half of all the jobs in Latvia are in Riga and the city generates more than 50% of Latvia's GDP as well as around half of Latvia's exports. Biggest exporters are in wood products, IT, food and beverage manufacturing, pharmaceuticals, transport and metallurgy. Riga Port is one of the largest in the Baltics. It handled a record 34 million tonns of cargo in 2011 and has potential for future growth with new port developments on Krievu Sala. Tourism is also a large industry in Riga and after a slowdown during the crises, grew 22% in 2011.

  • DnB Nord Bank Riga Headquarters

  • Rietumu Bank Headquarters

  • Bank of Latvia

  • ABLV Bank Headquarters

  • Swedbank Latvia Headquarters

  • Riga Stock Exchange early 20th century. Now The Art Museum Riga Bourse

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Famous quotes containing the word economy:

    “I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
    —Calvin Coolidge (1872–1933)

    “Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
    —Friedrich Nietzsche (1844–1900)

    “Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
    —Alexander Herzen (1812–1870)