Latvia scored 66.98 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Index in Latvia averaged 18.56 Points from 2007 until 2019, reaching an all time high of 66.98 Points in 2019 and a record low of 4.05 Points in 2010. This page provides the latest reported value for - Latvia Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Competitiveness Index - values, historical data and charts - was last updated on October of 2020.

Competitiveness Index in Latvia is expected to reach 67.75 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Competitiveness Index is projected to trend around 68.75 Points in 2021 and 69.25 Points in 2022, according to our econometric models.

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Latvia Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
66.98 66.25 66.98 4.05 2007 - 2019 Points Yearly

Latvia Business Last Previous Highest Lowest Unit
Business Confidence -1.10 -4.60 12.50 -44.70 points [+]
Industrial Production -3.00 0.10 23.20 -25.90 percent [+]
Industrial Production Mom -0.40 -0.80 7.50 -7.40 percent [+]
Manufacturing Production -1.50 1.80 27.70 -29.60 percent [+]
Capacity Utilization 70.80 69.10 77.40 43.70 percent [+]
Car Registrations 3076.00 3884.00 9388.00 1070.00 [+]
Internet Speed 16580.44 17189.85 18326.11 3101.80 KBps [+]
IP Addresses 878525.00 831199.00 878525.00 273180.00 IP [+]
Mining Production 1.80 11.50 103.30 -35.70 percent [+]
Changes In Inventories 4143.00 -107740.00 497177.00 -294453.00 EUR Thousand [+]
Competitiveness Index 66.98 66.25 66.98 4.05 Points [+]
Competitiveness Rank 41.00 42.00 70.00 41.00 [+]
Ease of Doing Business 19.00 19.00 31.00 14.00 [+]
Electricity Production 581.00 607.00 995.00 159.00 Gigawatt-hour [+]
Corruption Index 56.00 58.00 58.00 27.00 Points [+]
Corruption Rank 44.00 41.00 71.00 40.00 [+]


Latvia Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution.