Latvia: Listed companies

The latest value from 2003 is 56 companies, a decline from 62 companies in 2002. In comparison, the world average is 499 companies, based on data from 80 countries. Historically, the average for Latvia from 1995 to 2003 is 53 companies. The minimum value, 17 companies, was reached in 1995 while the maximum of 67 companies was recorded in 1998. See the global rankings for that indicator or use the country comparator to compare trends over time.

The number of listed companies on the stock exchange in Latvia is an indicator of the development of the stock market. A higher number means that more companies use equity financing in their business. Of course, the number of listed companies in Latvia and other countries also reflects the size of the economy: larger economies have more firms.

Definition: Listed domestic companies, including foreign companies which are exclusively listed, are those which have shares listed on an exchange at the end of the year. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies, such as holding companies and investment companies, regardless of their legal status, are excluded. A company with several classes of shares is counted once. Only companies admitted to listing on the exchange are included.