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. Ease of Doing Business in Latvia averaged 22.25 from 2008 until 2019, reaching an all time high of 31.00 in 2010 and a record low of 14.00 in 2016. source: World Bank

Related	Last	Previous	Unit	Reference
Business Confidence	-6.10	-3.50	points	Oct 2026
Capacity Utilization	76.90	75.70	percent	Sep 2026
Car Registrations	1889.00	1852.00	Units	Sep 2026
Changes in Inventories	609052.00	-133277.00	EUR Thousand	Jun 2026
Corruption Index	60.00	59.00	Points	Dec 2025
Corruption Rank	37.00	38.00		Dec 2025
Electricity Production	368.00	427.00	Gigawatt-hour	Aug 2026
Industrial Production YoY	0.30	-0.20	percent	Aug 2026
Industrial Production MoM	0.30	0.10	percent	Aug 2026
Manufacturing Production	7.60	8.20	percent	Aug 2026
Mining Production	36.10	12.40	percent	Aug 2026
Natural Gas Stocks Capacity	24.41	24.41	TWh	Oct 2026
Natural Gas Stocks Injection	22.11	22.11	GWh/d	Oct 2026
Natural Gas Stocks Inventory	12.15	12.15	TWh	Oct 2026
Natural Gas Stocks Withdrawal	21.50	21.50	GWh/d	Oct 2026

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.