How is consumption in Latvia?

Question 1: Latvia’s consumption level is lower than that of Ukraine. It should be considered the lowest among EU countries. The monthly minimum living allowance is 200 lat, and the national average salary is 3 Four hundred lats, 1 lat is equivalent to about 1.8 US dollars. You can learn about the situation in Ukraine and compare it.

Question 2: What is Latvia’s consumption level? Compared with other European countries, the consumption level is already very low.

Question 3: Latvia’s economy. During World War II, Latvia’s economy The economy was severely damaged. However, due to the good original economic foundation, the economy recovered and developed rapidly after the war. In 1980, the industrial output value increased 44 times compared with 1940, and the agricultural output value increased 40% compared with 1940. In 1988, the gross industrial and agricultural production value was 13.325 billion rubles, and the national income was 7.288 billion rubles. In 1989, the gross industrial and agricultural production and per capita national income increased by 2.1% and 4.1% respectively over the previous year, reaching 13.604 billion rubles and 7.6 billion rubles. In 1990, Latvia's GDP accounted for 1.2% of the entire Soviet Union, ranking 11th in the Soviet Union. It is one of the regions with the highest level of economic development in the Soviet Union. After Latvia became independent, it abandoned the old model of the Soviet Union's highly centralized planned economy and instead implemented a basic economic policy of transitioning to a market economy. The main concepts and contents of its economic reform are: in terms of ownership, thoroughly reform the economic structure, realize denationalization and privatization of state-owned property, and change the economic system dominated by state ownership by the whole people; in terms of economic management, break the state's monopoly , vigorously encourage and develop market operations. To sum up, Latvia's economic reform is mainly to completely change the rigid old economic model of the Soviet Union and finally establish a Western European-style capitalist market economy. To this end, since independence, the country has promulgated many relevant laws and decrees on reforming property rights, achieving privatization, liberalizing prices, etc., and has adopted a series of practical measures aimed at transforming the economic model into a market economy. For example, since independence it has basically liberalized prices and prices are regulated by the market. After Latvia regained its independence in 1991, it began to reform its economic system according to the Western model and implemented privatization and a free market economy. Latvia's economic situation has been severe since its independence. Especially in 1992, the economy was very difficult and people's living standards dropped seriously. In August 1992, the average salary of employees in this country was 2,000 Latvian rubles (approximately 2,300 Russian rubles). It was officially admitted as a member of the World Trade Organization in 1998. The international financial crisis in 2008 severely hit Latvia's economy, and Latvia's GDP fell by 20% for two consecutive years. In 2009, it received 7.5 billion euros in loan assistance from the IMF, the European Commission, Sweden and other countries. The economy recovered slowly in 2010, and GDP grew by 5.5% in 2011. On January 1, 2014, it became the 18th member of the Eurozone. In 1996, the output value of Latvia's agriculture, livestock and forestry industries accounted for 8.7% of its GDP. Nearly one-third of the country's population lives in rural areas, and 17% of the people are engaged in agricultural production. The planting industry mainly produces cereals, flax, sugar beets, feed and potatoes. Animal husbandry is mainly livestock raising for both milk and meat, raising cattle and pigs. Beekeeping is developed. As of the beginning of 1995, 64,264 family agricultural economic units had been established in China, and 79 of the 319 agricultural enterprises had been privatized. The annual per capita production is 387 kilograms of milk, 404 kilograms of potatoes, and 348 kilograms of cereals. Latvian agriculture includes planting, animal husbandry, fishery and other industries. In 2012, agricultural output increased by 17.4% year-on-year, of which crop output increased by 28.5% year-on-year, and livestock output increased by 4.4% year-on-year. Latvian industry ranks first among the three Baltic countries, and agriculture ranks second. In Soviet times, industry was known for its machine-building industries that consumed little metal. It mainly produces electrical appliances, radios, electronic equipment and medical equipment, and processes supplied materials to other countries in the Soviet Union and resells the finished products. The animal husbandry industry is developed, and its output value accounts for 68% of the total agricultural output value. After independence, it began to implement privatization and market economy, issue national currency, implement new tax policies and independent budget. Due to the destruction of traditional trade relations with Soviet countries, the supply of energy and other imported goods encountered serious difficulties, which once led to a significant decline in production. It wasn't until 1994 that the economy picked up. Since 1991, the structure of Latvia's national economy has undergone significant changes. The proportion of the service industry in the entire national economy has increased from 31% in 1990 to 51% in 1994. Due to mistakes in macroeconomic control policies, a financial crisis occurred in the summer of 1995. The largest commercial bank in the country, Baltic Bank, declared bankruptcy, which affected the economic recovery momentum that had emerged. After the formation of the New Communist Party in December 1995, it advocated the active development of production and the restoration of traditional economic and trade ties with Russia and other CIS countries.

In 1996, the national economy rebounded slightly, with the GDP reaching US$5 billion, an increase from the previous year...>>

Question 4: How far is it from China to Latvia? How are the Chinese people and their consumption like there? One of the barren lands in Eastern Europe, the consumption level is not high, especially basic daily necessities such as food, but other daily necessities may be more expensive

Question 5: What kind of money does Latvia use? The local currency is the Lats and its value is stable. 1 lat ≈ 14 yuan. Banknotes are available in denominations of 5, 10, 20, 50, 100 and 500 lat, and coins are available in denominations of 1, 2, 5, 10, 20, 50 santi (1 lat = 100 santi) and 1, 2 LAT currency value.

Question 6: How much does it cost to travel independently to Latvia? How much does it cost to travel independently in Latvia? Estimated per capita consumption: 30,000 yuan. Local consumption level. Latvia’s main commodities, food, fruits, etc. are mainly imported, with sufficient supply. Price levels rose rapidly after Latvia joined the EU. Spending at tourist attractions can generally be paid directly in Euros and US dollars. Currency exchange is now in Euro.

Question 7: What is the average house price in Latvia? House prices in Latvia are relatively low. There are many factors that affect housing prices, as follows:

Individual factors: house quality, floor, orientation, location, construction type, planning quality, construction cost, property level

Environmental factors: noise, Pollution, greening, water environment, education, transportation, medical care, commerce, finance and other supporting facilities

Economic factors: economic development level, income level, inflation, price level, supply and demand tension

< p> Policy factors: land supply, housing reform policy, taxation, capital supply policy, urban development planning orientation,

Demographic factors: urbanization level, degree of population migration, consumption concepts and motivations, social culture, etc.

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Question 8: Does anyone know how much 1 Latvian currency is in RMB? According to the latest exchange rate, the result is: Latvian Lat 100 can be exchanged for: RMB 1310.43

The current exchange rate is 13.1043

Question 9: Are Latvian girls willing to marry Chinese? Yes

Question 10: How much RMB does Europe spend in a month? Just food money! Sorry~~ You don’t seem to have said which country in Europe you are in~~~ How do others know which country you are spending money in~~ The approximate currency exchange ratio in Europe is 1 euro to RMB 9.7778 yuan/1 pound = 15.1800 RMB. The euro is the tenth currency in the European Union. The currencies of two countries. These twelve countries are: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. They are collectively called the Eurozone. 1 euro = 100 cents.

2) Currently, twelve countries among the 25 EU member states have issued the Euro (EUR), including France, Germany, Italy, the Netherlands, Belgium, Luxembourg, Ireland, Greece, Spain, Portugal, Austria, Finland, these twelve countries are collectively known as the Eurozone. Three countries, including the United Kingdom, Denmark, and Sweden, chose not to join the euro area. In addition, the ten countries that joined in May 2004, including Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia, will issue euros depending on their economic development conditions.

You can use Euros in these countries! ! ! As for the cost of food for a month: Food: 150-200 euros/month (fire at home)