Latvia: Competitiveness

* indicates monthly or quarterly data series

Competitiveness - World Economic Forum index (0-100)

 Latest value 67.00
 Year 2019
 Measure points
 Data availability 2018 - 2019
 Average 66.60
 Min - Max 66.20 - 67.00
 Source The World Economic Forum
For that indicator, we provide data for Latvia from 2018 to 2019. The average value for Latvia during that period was 66.6 points with a minimum of 66.2 points in 2018 and a maximum of 67 points in 2019. The latest value from 2019 is 67 points. For comparison, the world average in 2019 based on 140 countries is 60.61 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Latvia - Competitiveness - Recent values chart

Definition: The Global Competitiveness index is composed of 12 pillars of competitiveness: Institutions, Infrastructure, ICT adoption, Macroeconomic stability, Health, Skills, Product market, Labor market, Financial system, market size, Business, dynamism, and Innovation capability.

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 Related indicators Latest value Reference Measure
 Rule of law 0.92 2022 points
 Government effectiveness 0.69 2022 points
 Control of corruption 0.69 2022 points
 Regulatory quality 1.17 2022 points
 Voice and accountability 0.93 2022 points
 Political stability 0.48 2022 points
 Corruption perceptions - Transparency International 59 2022 points
 Political rights 1 2024 points
 Civil liberties 2 2024 points
 Competitiveness 67.00 2019 points
 Cost of starting a business 1.50 2019 percent of per capita GNI
 Shadow economy 16.62 2015 percent
 Informal economy, MIMIC method 27.20 2020 percent
 Informal economy, DGE method 25.60 2020 percent
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