Characteristics of Fisheries Sector in Latvia
The fisheries sector in Latvia is a traditional activity based on old customs and long term experience. Today this industry can be characterized by being on its way to the new programming period 2014-2020 under the rules of the reformed EU Common Fisheries Policy.
During the last few years fisheries share in the gross domestic product (GDP) has been stable around 0,7%. Also the total export volume has increased after the recent economic crisis. However in total export figures the proportion of the sector decreased, because the market for other products increased more. Fisheries share in total export of Latvia was 2%.