Latvia has the fastest growing economy in Europe. Privatization is mostly complete, its Major export products are: synthetic fibers, agricultural machinery, fertilizers, radios, electronics, pharmaceuticals, processed foods, textiles, timber, grain, sugar beets, potatoes, vegetables, beef, milk, eggs, fish, wood and wood products, machinery and equipment, and metals. Latvia joined the European Union in 2004. Main export goods of Latvia are wood and wood products, machinery and equipment, metals, textiles and foodstuffs.