Latvia's Economic and Financial Outlook
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
World Bank Worldwide Governance Rankings
Estonia
AA-/A1/AA-
Finland
AA+/Aa1/AA+
Latvia
A/A3/A-
Austria
AA+/Aa1/AA+
France
AA/Aa2/AA
Czech
AA-/A1/AA-
Belgium
AA/Aa3/AA-
Source: World Bank, Doing Business 2018
16
17
19
26
32
35
45
Adjusted Top Statutory Tax Rate on Corporate Income (2019, %)
20
19
20
20
20
20
20
32
30
25
25
Czech
AA-/A1/AA-
Estonia
Latvia
Finland
France
A/A3/A- AA+/Aa1/AA+ AA-/A1/AA- AA+/Aa1/AA+ AA/Aa3/AA- AA/Aa2/AA
Austria
Belgium
Source: European Commission, Taxation Trends in the European Union 2019
24
83
80
79
74
70
71
69
66
66
63
62
64
Control of
Corruption
Rule of Law
Regulatory Quality
Government
Effectiveness
Political Stability
■Latvia
■Regional Average
and
Absence of
Violence
Voice and
Accountability
Source: World Bank, 2017 Rankings dated 21st September 2018. Regional Average based on Europe and Central Asia
countries
Global Competitiveness Index Ranking
The Global Competitiveness Index Rankings
Finland
Belgium
11
21
Czech Rep.
Italy
Portugal
Slovenia
Poland
Lithuania
Slovakia
Latvia
Hungary
Bulgaria
Romania
233712252
41
42
Croatia
68
898
Global Sustainable Competitiveness Index
Ranking
33
22222222
27
Finland
9
Latvia
10
Estonia
11
Slovenia
Croatia
Slovakia
15
Czech Rep.
Lithuania
Belgium
Romania
Italy
Portugal
Hungary
46
Bulgaria
Source: World Economic Forum, The Global Competitiveness Report 2018, The Global Sustainable
Competitiveness Report 2017View entire presentation