Latvia is ranked 19 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Latvia remained unchanged at 19 in 2019 from 19 in 2018. source: World Bank

Ease of Doing Business in Latvia averaged 22.25 from 2008 until 2019, reaching an all time high of 31 in 2010 and a record low of 14 in 2016. This page includes a chart with historical data for Ease of Doing Business in Latvia. Ease of Doing Business in Latvia - values, historical data and charts - was last updated on February of 2021.

Ease of Doing Business in Latvia is expected to reach 19.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ease of Doing Business in Latvia is projected to trend around 19.00 in 2021, according to our econometric models.

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Ease of Doing Business in Latvia

Actual Previous Highest Lowest Dates Unit Frequency
19.00 19.00 31.00 14.00 2008 - 2019 Yearly

Latvia Business Last Previous Highest Lowest Unit
Business Confidence -9.20 -8.10 12.50 -44.70 points [+]
Industrial Production 4.70 3.10 23.20 -25.90 percent [+]
Industrial Production Mom 0.70 1.50 7.60 -7.40 percent [+]
Manufacturing Production 5.10 4.80 27.70 -29.60 percent [+]
Capacity Utilization 73.10 72.70 77.40 43.70 percent [+]
Car Registrations 3204.00 3910.00 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 15.20 20.00 103.30 -35.70 percent [+]
Changes In Inventories 53791.00 4143.00 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 511.00 461.00 995.00 159.00 Gigawatt-hour [+]
Corruption Index 57.00 56.00 58.00 27.00 Points [+]
Corruption Rank 42.00 44.00 71.00 40.00 [+]


Ease of Doing Business in Latvia
The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses.