Latvia & Slovakia
The Ultimate Resource
for Diplomats and Business Leaders
Bilateral Similarity Index BSX:
67.1%
Did you know that Latvia and Slovakia show strongest alignment in climate commitments?
Immerse yourself in our detailed 300-page hardcover report, showcasing full-color analysis of 40 distinct areas!
Geographical Features of Latvia
Latvia’s strategic positioning at the crossroads of Northern and Eastern Europe gives it a distinctive geographical identity. The country boasts the fifth-highest proportion of forest cover in the EU, covering over half of its land area.
Geographical Highlights of Slovakia
Nestled in Central Europe, Slovakia boasts a compact and easily traversable territory of 48,080 square kilometers, positioned at the crossroads of several important European countries. Despite its modest size, Slovakia's strategic location between larger neighbors places it at the gateway to multiple international markets.
Latvia's Economic Path
Latvia's economy boasts distinctive strengths within the global landscape, anchored by strong credit ratings (A+), an attractive ease of doing business (19th), and a vibrant services sector, which constitutes 74% of its GDP. Latvia ranks highly in these domains, showcasing its economic resilience and competitive advantages.
Slovakia's Economic Resilience
Slovakia's economy presents a robust and resilient profile, boasting a diverse industrial base, strong external ties, and a favorable investment climate. The country's GDP growth, although currently slower, signals a steady expansion trajectory, backed by healthy household consumption.
Leadership Timeline
Edgars Rinkēvičs
President
Evika Siliņa
Prime Minister
Baiba Braže
Minister of Foreign Affairs
Peter Pellegrini
President
Robert Fico
Prime Minister
Juraj Blanár
Minister of Foreign Affairs
Slovakia's Demographic Landscape
Nestled in the heart of Central Europe, Slovakia is home to a population of approximately 5.4 million, rendering it one of the region's smaller nations.
Latvia's Population: Distinct Dynamics
Latvia's demographics reflect a captivating interplay of past and present, where tradition embraces modernity to forge a unique societal tapestry. With a population of approximately 1.
Slovakia's Trade Dynamics
Slovakia boasts a diverse trade mix, with a robust emphasis on exports. Ranked an impressive 8th in the world in terms of exports as a percentage of GDP, Slovakia leverages its strong industrial base, specializing in machinery, vehicles, and chemicals.
Latvia: Export Successes and Areas of Improvement
Latvia stands out for its balanced trade mix, with exports accounting for over 63% of GDP. The country boasts strong high-technology exports, which constitute over 17% of manufactured exports, a sector poised for continued growth in today's global marketplace.
What's Inside the "Latvia & Slovakia" Report?
Each Bilateral Navigator report is a vital resource for diplomats and business leaders, offering quick insights into a foreign country through comparison with their own. By analyzing 40 key areas, we calculate the similarities between Latvia and Slovakia, covering topics like geography, economy, international relations, and culture. This empowers you to confidently engage in a new country, impressing your hosts with data-driven knowledge while celebrating the bilateral relationship rather than focusing on one country alone.
1. Geopolitical Context: Compare the geography, demographics, and transport systems of Latvian and Slovak regions to uncover strategic advantages and shared interests.
2. Economic Synergy: Explore Latvia and Slovakia's economic outputs, trade relations, investments, and tourism flows, highlighting complementary strengths.
3. Green Partnership: Examine how the countries align in agricultural practices, energy production, and environmental policies, advancing sustainability together.
4. Human Empowerment: Analyze the healthcare and education systems of both Latvia and Slovakia, along with social equity and gender balance efforts, spotlighting progress in human development.
5. Innovation Nexus: Explore high-tech sectors, shared skills, and educational exchanges between Latvians and Slovaks, showcasing their roles in global innovation.
6. Political Landscape: Discover the governance structures, historical leadership trends, and security policies of Latvia and Slovakia, shedding light on their political paths.
7. Diplomatic Cooperation: Review the diplomatic network between Latvia and Slovakia, their multilateral treaties, and how closely they align in UN voting patterns, providing insight into their international relations.
8. Business Networking: Understand the professional exchanges and key industries that connect Latvian and Slovak business communities, identifying opportunities for collaboration.
9. Communication & Media: Compare Latvia and Slovakia's media landscapes, including telecom, social media engagement, and notable public figures historically or contemporarily connecting the two countries.
10. Shared Passions: From cultural heritage to sports achievements and cuisine, explore the cultural elements that bring Latvians and Slovaks together, highlighting areas of shared interest and enjoyment.