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
