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	-3.50	-4.40	points	Aug 2026
Capacity Utilization	76.90	75.70	percent	Sep 2026
Car Registrations	2389.00	2055.00	Units	Jun 2026
Changes in Inventories	746660.00	-126976.00	EUR Thousand	Jun 2026
Corruption Index	60.00	59.00	Points	Dec 2025
Corruption Rank	37.00	38.00		Dec 2025
Electricity Production	427.00	495.00	Gigawatt-hour	Jul 2026
Industrial Production YoY	-0.20	0.50	percent	Jul 2026
Industrial Production MoM	0.10	-0.90	percent	Jul 2026
Manufacturing Production	8.20	5.00	percent	Jul 2026
Mining Production	12.40	13.80	percent	Jul 2026
Natural Gas Stocks Capacity	24.41	24.41	TWh	Sep 2026
Natural Gas Stocks Injection	43.43	22.10	GWh/d	Sep 2026
Natural Gas Stocks Inventory	11.65	11.49	TWh	Sep 2026
Natural Gas Stocks Withdrawal	0.00	21.70	GWh/d	Sep 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.