Portrait of an Ascending Sovereign Credit
Latvia's Advanced Country Status Reflected in "Soft" Metrics
Expanded structural reforms build on existing high institutional strengths and favourable business environment.
World Bank "Ease of Doing Business" Ranking
Estonia
AA-/A1/AA-
18
Latvia
A+/A3/A-
Finland
AA+/Aa1/AA+
Austria
AA+/Aa1/AA+
France
AA/Aa2/AA
Czech
AA-/Aa3/AA-
Belgium
AA/Aa3/AA-
Source: World Bank, Doing Business 2020
19
20
20
27
22
32
32
41
Adjusted Top Statutory Tax Rate on Corporate
Income
(2019, %)
30
25
20
20
20
19
46
32
32
Czech
AA-/Aa3/AA-
Latvia
A+/A3/A-
Finland
Estonia
Austria
Belgium
AA+/Aa1/AA+ AA-/A1/AA- AA+/Aa1/AA+ AA/Aa3/AA-
France
AA/Aa2/AA
Source: European Commission, Taxation Trends in the European Union 2019
24
64
World Bank Worldwide Governance Rankings
64
=
86
81
79
80
75
70
61
52
52
Control of
Corruption
Rule of Law
Regulatory Quality Government
Effectiveness
Political Stability and
Absence of Violence
■Latvia 2008
Source: World Bank, 2018 Rankings
■Latvia 2018
Global Competitiveness Index Ranking
The Global Competitiveness Index Rankings
Finland
Belgium
11
22
Italy
30
Czech Rep.
Portugal
32
34
Slovenia
35
Poland
37
Lithuania
39
Latvia
41
Slovakia
42
Hungary
47
Bulgaria
49
Romania
51
Croatia
63
Global Sustainable Competitiveness Index
Ranking
2
Finland
7
Estonia
9
Latvia
10
Croatia
13
Slovenia
16
Czech Rep.
22
Slovakia
23
Belgium
24
Portugal
26
Romania
28
Lithuania
30
Italy
31
Hungary
32
Bulgaria
Source: World Economic Forum, The Global Competitiveness Report 2019, The Global
Sustainable Competitiveness Report 2019View entire presentation