Latvia scored 66.98 points out of 100 on the 2018 Global Competitiveness Report published by the 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.

Latvia Competitiveness Index
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Latvia Business Last Previous Highest Lowest Unit
Business Confidence -2.60 -0.20 12.50 -44.70 Index Points [+]
Industrial Production 2.00 -1.30 23.20 -25.90 percent [+]
Industrial Production Mom 3.00 -2.00 6.40 -6.00 percent [+]
Manufacturing Production 0.40 1.30 27.70 -29.60 percent [+]
Capacity Utilization 75.90 76.90 77.40 43.70 percent [+]
Car Registrations 5095.00 4473.00 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 -8.30 -15.00 103.00 -35.70 percent [+]
Changes In Inventories 66770.00 -71994.00 527499.00 -214170.00 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 546.00 373.00 995.00 159.00 Gigawatt-hour [+]
Corruption Index 58.00 58.00 58.00 27.00 Points [+]
Corruption Rank 41.00 40.00 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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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




Country Last Previous
Argentina 57.20 Dec/19
Australia 78.75 Dec/19
Brazil 60.93 Dec/19
Canada 79.59 Dec/19
China 73.90 Dec/19
France 78.81 Dec/19
Germany 81.80 Dec/19
India 61.36 Dec/19
Indonesia 64.63 Dec/19
Italy 71.53 Dec/19
Japan 82.27 Dec/19
Mexico 64.95 Dec/19
Netherlands 82.39 Dec/19
Russia 66.74 Dec/19
Saudi Arabia 70.03 Dec/19
Singapore 84.78 Dec/19
South Africa 62.44 Dec/19
South Korea 79.62 Dec/19
Spain 75.28 Dec/19
Switzerland 82.33 Dec/19
Turkey 62.14 Dec/19
United Kingdom 81.20 Dec/19
United States 83.67 Dec/19


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