Latvia: Business freedom

* indicates monthly or quarterly data series
 Latvia

Business freedom index (0-100)

 Latest value 82
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 76
 Min - Max 70 - 85
 Source The Heritage Foundation
For that indicator, we provide data for Latvia from 1996 to 2024. The average value for Latvia during that period was 76 points with a minimum of 70 points in 1996 and a maximum of 85 points in 1997. The latest value from 2024 is 82 points. For comparison, the world average in 2024 based on 175 countries is 62 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 - Business freedom - Recent values chart

Historical chart
Latvia - Business freedom - historical chart - 1996-2024




The Business Freedom index for Latvia from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Latvia in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).

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 Related indicators Latest value Reference Measure
 Property rights 88 2024 points
 Freedom from corruption 65 2024 points
 Fiscal freedom 67 2024 points
 Business freedom 82 2024 points
 Labor freedom 66 2024 points
 Monetary freedom 67.80 2024 points
 Trade freedom 79 2024 points
 Investment freedom 85 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 72 2024 index points
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