Latvia Stability Programme Report

LATVIA'S ADVANCED COUNTRY STATUS REFLECTED IN "SOFT" METRICS Expanded structural reforms built on existing high institutional strengths and favourable business environment World Bank "Ease of Doing Business" Ranking Lithuania A+/A2/A Estonia AA-/A1/AA- Latvia A+/A3/A- Finland AA+/Aa1/AA+ Ireland AA-/A1/AA- Austria AA+/Aa1/AA+ France AA/Aa2/AA Slovenia AA-/A3/A Czechia AA-/Aa3/AA- Slovakia A+/A2/A Belgium World Bank Worldwide Governance Rankings 11 18 72 85 80 77 19 73 64 60 ☑ 81 74 75 63 20 24 27 32 37 41 Political Stability Government 45 and Absence of Effectiveness Regulatory Quality Rule of Law Control of Corruption 46 Violence ■Latvia 2010 ■Latvia 2020 AA/Aa3/AA- Source: World Bank, Doing Business 2020 (19.05.2022.) Statutory Tax Rate on Corporate Income 13 20 (2021, %) 25 Source: European Commission, Taxation Trends in the European Union 2021 28 Source: World Bank (01.02.2022.) The Global Competitiveness Index Rankings Global Competitiveness Index Ranking Finland 11 4 Finland Belgium 22 6 Estonia Italy 30 Czech Rep. Portugal 32 34 Slovenia 35 Poland Lithuania Latvia Slovakia Hungary Bulgaria Romania 3333337 2 2 2 5 7 Latvia 10 Croatia 16 17 Slovenia Lithuania 19 Czech Rep. 39 41 42 47 49 Croatia 51 63 33 222223 20 Portugal Slovakia 24 Romania Hungary Belgium Italy Bulgaria Global Sustainable Competitiveness Index Ranking Source: World Economic Forum, The Global Competitiveness Report 2019, The Global Sustainable Competitiveness Report 2020

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