2009-Dec-08
Riga is home to some 717,000 people, around one-third of Latvia’s population, and accounts for over one-half of the country’s GDP. The city has a significant industrial base, with manufacturing accounting for around 8.5% of the city’s GDP in 2006 and construction for a similar proportion. The main sub sectors are food-processing, pharmaceuticals, timber and furniture, textiles, communications equipment, and printing and publishing. Services account for the bulk of GDP, and financial services and real estate have played a growing role in recent years, while tourist numbers have risen significantly since Latvia’s accession to the EU in 2004. Riga ranks in the middle of the European Green City Index, in 15th place, with a score of 59.57 out of 100. However, its performance is better than that of most cities in the index with similar levels of prosperity, and it is one of the highest-ranked East European cities, behind only Vilnius.
Reference Number: SOAXX20091222-25