Latvia's Economic Response to Covid-19
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-
Latvia
A+/A3/A-
Finland
AA+/Aa1/AA+
Austria
AA+/Aa1/AA+
France
AA/Aa2/AA
Czech
AA-/Aa3/AA-
Belgium
AA/Aa3/AA-
18
19
20
20
Source: World Bank, Doing Business 2020 (18.02.2021.)
27
22
32
32
41
Adjusted Top Statutory Tax Rate on Corporate
20
20
Income
(2020, %)
World Bank Worldwide Governance Rankings
84
84
80
81
73
72
60
55
68
65
Political Stability and
Absence of Violence
46
Government
Effectiveness
■Latvia 2009
Regulatory Quality
Rule of Law
Control of
Corruption
■Latvia 2019
Source: World Bank (18.02.2021.)
Czech
AA-/Aa3/AA-
Latvia
A+/A3/A-
Estonia
Finland
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 2020
24
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
4
Finland
6
Estonia
7
Latvia
10
Croatia
24
33
34
2222222232
Slovenia
Lithuania
Czech Rep.
Portugal
21
Slovakia
Romania
Hungary
Belgium
Italy
Bulgaria
Source: World Economic Forum, The Global Competitiveness Report 2019, The Global
Sustainable Competitiveness Report 2020View entire presentation