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Country profile

Latvia

LVA · Europe & Central Asia · High income

66.3MERI readiness
9Global rank
43.7BGDP (2024)
1.9MPopulation (2024)

Key macro indicators

IndicatorYearValueSource
GDP (current USD)
NY.GDP.MKTP.CD · current USD		202443,684,254,432.4WDI
GDP growth (annual %)
NY.GDP.MKTP.KD.ZG · percent		2024-0WDI
Inflation, consumer prices (annual %)
FP.CPI.TOTL.ZG · percent		20241.3WDI
Real GDP growth
NGDP_RPCH · percent		20282.4IMF_WEO
Population, total
SP.POP.TOTL · people		20241,866,124WDI

GDP time series

2013 · 2014 · 2015 · 2016 · 2017 · 2018 · 2019 · 2020 · 2021 · 2022 · 2023 · 2024

MERI breakdown

  • Percentile 92.5
  • Coverage 83%
  • Imputed 1
  • Missing 2
PillarScore
Corruption
Components		59
Digital Infra
Components		30.8
FDIRRI
Components		84.1
Fin Access
Components		10.6
Human Cap
Components		90.5
IP Protect
Components		85
Labor
Components		58.7
LPI
Components		61.5
Security Rol
Components		85
Trade Open
Components		85.1
Data Confidence Score73
Market Infrastructure
Pillars		47
Regulatory Institutional
Pillars		84.4
Talent Operating
Pillars		73.3

Governance signals

Control of Corruption

CC.EST · 2024 · WGI

0.8
Corruption Perceptions Index

TI.CPI.SCORE · 2025 · TI_CPI

60
Government Effectiveness

GE.EST · 2024 · WGI

0.7
Political Stability

PV.EST · 2024 · WGI

0.6
Regulatory Quality

RQ.EST · 2024 · WGI

1.1
Rule of Law

RL.EST · 2024 · WGI

1.1
Voice and Accountability

VA.EST · 2024 · WGI

1.1

Source attribution

Sources represented in this country profile.

8 sources

IMF_WEO

International Monetary Fund · 6 indicators

IMF Terms of Use

SourceLicense

OECD

Organisation for Economic Co-operation and Development · 3 indicators

OECD Terms and Conditions

SourceLicense

IMF_FAS

International Monetary Fund · 2 indicators

IMF Terms of Use

SourceLicense

SOVEREIGN_RATINGS

Manual bridge · 2 indicators

Manual Source Terms

Full indicator table

Latest value per indicator with source and license hints.

99 rows
IndicatorCategoryYearValueSourceLicense
Domestic credit to private sector
FS.AST.PRVT.GD.ZS		finance202429.5WDICC BY 4.0
General government net lending/borrowing
GGXCNL_NGDP		fiscal2028-3.7IMF_WEOIMF Terms of Use
Control of Corruption
CC.EST		governance20240.8WGICC BY 4.0
Corruption Perceptions Index
TI.CPI.SCORE		governance202560TI_CPITransparency International Terms
Government Effectiveness
GE.EST		governance20240.7WGICC BY 4.0
Political Stability
PV.EST		governance20240.6WGICC BY 4.0
Regulatory Quality
RQ.EST		governance20241.1WGICC BY 4.0
Rule of Law
RL.EST		governance20241.1WGICC BY 4.0
Voice and Accountability
VA.EST		governance20241.1WGICC BY 4.0
Access to electricity (%)
EG.ELC.ACCS.ZS		infra2023100WDICC BY 4.0
Fixed broadband subscriptions
IT.NET.BBND.P2		infra202425.8WDICC BY 4.0
Liner shipping connectivity index
IS.SHP.GCNW.XQ		infra202110.3WDICC BY 4.0
Logistics Performance Index
LP.LPI.OVRL.XQ		infra20223.5WDICC BY 4.0
Mobile cellular subscriptions
IT.CEL.SETS.P2		infra2024121.3WDICC BY 4.0
Aviation connectivity - number of partner countries
LPI2.AVIA_CONN		logistics202480.5LPI2Modified BSD3
Aviation import dwell time, IQR
LPI2.AVIA_IQR_DAYS		logistics20243LPI2Modified BSD3
Aviation import dwell time, mean
LPI2.AVIA_MEAN_DAYS		logistics20241.8LPI2Modified BSD3
Aviation import dwell time, median
LPI2.AVIA_MED_DAYS		logistics20241.1LPI2Modified BSD3
B2B postal delivery time, IQR
LPI2.B2B_IQR		logistics20241.8LPI2Modified BSD3
B2B postal delivery time, mean
LPI2.B2B_MEAN		logistics20241.4LPI2Modified BSD3
B2B postal delivery time, median
LPI2.B2B_MEDIAN		logistics20240.9LPI2Modified BSD3
B2C postal delivery time, IQR
LPI2.B2C_IQR		logistics20242LPI2Modified BSD3
B2C postal delivery time, mean
LPI2.B2C_MEAN		logistics20241.8LPI2Modified BSD3
B2C postal delivery time, median
LPI2.B2C_MEDIAN		logistics20241LPI2Modified BSD3
Container export dwell time, IQR
LPI2.EXP_DWELL_IQR_DAYS		logistics20245.7LPI2Modified BSD3
Container export dwell time, mean
LPI2.EXP_DWELL_MEAN_DAYS		logistics20248.8LPI2Modified BSD3
Container export dwell time, median
LPI2.EXP_DWELL_MED_DAYS		logistics20247.9LPI2Modified BSD3
Container import dwell time, IQR
LPI2.IMP_DWELL_IQR_DAYS		logistics20244LPI2Modified BSD3
Container import dwell time, mean
LPI2.IMP_DWELL_MEAN_DAYS		logistics20244.7LPI2Modified BSD3
Container import dwell time, median
LPI2.IMP_DWELL_MED_DAYS		logistics20243.4LPI2Modified BSD3
Export supply chain initiation, mean
LPI2.SC_START_MEAN_DAYS		logistics20241.8LPI2Modified BSD3
Export supply chain initiation, median
LPI2.SC_START_MED_DAYS		logistics20240.8LPI2Modified BSD3
Import supply chain termination, mean
LPI2.SC_END_MEAN_DAYS		logistics20241.6LPI2Modified BSD3
Import supply chain termination, median
LPI2.SC_END_MED_DAYS		logistics20240.7LPI2Modified BSD3
Lead time to import, mean
LPI2.LEAD_TIME_MEAN_DAYS		logistics202440.5LPI2Modified BSD3
Lead time to import, median
LPI2.LEAD_TIME_MED_DAYS		logistics202442.8LPI2Modified BSD3
Maritime connectivity - number of partner countries
LPI2.MAR_CONN		logistics202411LPI2Modified BSD3
Number of alliances, mean
LPI2.ALLIANCE		logistics20240LPI2Modified BSD3
Number of services, mean
LPI2.MAR_SERV		logistics202413.2LPI2Modified BSD3
Number of transshipments, mean
LPI2.NUM_TRS_MEAN		logistics20241.1LPI2Modified BSD3
Postal connectivity B2B - number of partner countries
LPI2.B2B_CONN		logistics202473LPI2Modified BSD3
Postal connectivity B2C - number of partner countries
LPI2.B2C_CONN		logistics202473.5LPI2Modified BSD3
Time spent in transshipment, mean
LPI2.TRS_TIME_MEAN_DAYS		logistics20247.6LPI2Modified BSD3
Turnaround time at ports, IQR
LPI2.TRN_IQR_DAYS		logistics20240.8LPI2Modified BSD3
Turnaround time at ports, mean
LPI2.TRN_MEAN_DAYS		logistics20241.3LPI2Modified BSD3
Turnaround time at ports, median
LPI2.TRN_MED_DAYS		logistics20241.2LPI2Modified BSD3
Turnaround time at ports, TEU weighted mean
LPI2.TRN_TEUW_MEAN_DAYS		logistics20241.4LPI2Modified BSD3
Turnaround time at ports, TEU weighted median
LPI2.TRN_TEUW_MED_DAYS		logistics20241.3LPI2Modified BSD3
Current account balance
BCA_NGDPD		macro2028-3.8IMF_WEOIMF Terms of Use
Current account balance (% of GDP)
BN.CAB.XOKA.GD.ZS		macro2024-1.6WDICC BY 4.0
GDP (current USD)
NY.GDP.MKTP.CD		macro202443,684,254,432.4WDICC BY 4.0
GDP growth (annual %)
NY.GDP.MKTP.KD.ZG		macro2024-0WDICC BY 4.0
GDP per capita (current USD)
NY.GDP.PCAP.CD		macro202423,409.1WDICC BY 4.0
Inflation, consumer prices (annual %)
FP.CPI.TOTL.ZG		macro20241.3WDICC BY 4.0
Inflation rate
PCPIPCH		macro20282.9IMF_WEOIMF Terms of Use
Military expenditure (% of GDP)
MS.MIL.XPND.GD.ZS		macro20243.3WDICC BY 4.0
Official exchange rate
PA.NUS.FCRF		macro20240.9WDICC BY 4.0
Real GDP growth
NGDP_RPCH		macro20282.4IMF_WEOIMF Terms of Use
Total reserves (months of imports)
FI.RES.TOTL.MO		macro20241.8WDICC BY 4.0
Unemployment (% of labor force)
SL.UEM.TOTL.ZS		macro20256.6WDICC BY 4.0
Demographic and Urbanization Momentum
DEMOGRAPHICS		meri_opportunity202449WDICC BY 4.0
GDP Growth Trajectory
GDP_GROWTH		meri_opportunity20286.5IMF_WEOIMF Terms of Use
Import Demand
IMPORT_DEMAND		meri_opportunity202428.3WDICC BY 4.0
ATMs per 100,000 adults
FAS.ATMS_PER_100K		meri_readiness202455.9IMF_FASIMF Terms of Use
Basic Digital Infrastructure
DIGITAL_INFRA		meri_readiness202430.8WDICC BY 4.0
B-READY Business Entry score
B_READY.BUSINESS_ENTRY		meri_readiness202588.1B_READYWorld Bank Terms
B-READY Dispute Resolution score
B_READY.DISPUTE_RESOLUTION		meri_readiness202566.7B_READYWorld Bank Terms
B-READY International Trade score
B_READY.TRADE		meri_readiness202575.5B_READYWorld Bank Terms
B-READY Labor score
B_READY.LABOR		meri_readiness202564.9B_READYWorld Bank Terms
Commercial bank branches per 100,000 adults
FAS.BRANCHES_PER_100K		meri_readiness20244.4IMF_FASIMF Terms of Use
Contract Enforcement Reliability
CONTRACT_ENF		meri_readiness202566.7B_READYWorld Bank Terms
Corruption Risk
CORRUPTION		meri_readiness202560TI_CPITransparency International Terms
Financial System Accessibility
FIN_ACCESS		meri_readiness202410.6WDICC BY 4.0
Foreign Ownership Restrictions
FDIRRI		meri_readiness202415.9OECDOECD Terms and Conditions
General Business Entry Friction
BIZ_ENTRY		meri_readiness202588.1B_READYWorld Bank Terms
HDI Education sub-index
HDI.EDUCATION_INDEX		meri_readiness20230.9UNDP_HDIUNDP Terms
Hiring and Workforce Availability
LABOR		meri_readiness202561.7WDICC BY 4.0
Human Capital Quality
HUMAN_CAP		meri_readiness202590.5UNDP_HDIUNDP Terms
Intellectual Property Protection
IP_PROTECT		meri_readiness202485WGICC BY 4.0
Logistics Performance
LPI		meri_readiness202561.5LPI2Modified BSD3
OECD Services Trade Restrictiveness Index
OECD.STRI		meri_readiness20250.1OECDOECD Terms and Conditions
Personal Security and Rule of Law
SECURITY_ROL		meri_readiness202485WGICC BY 4.0
Trade Openness
TRADE_OPEN		meri_readiness202580.3OECDOECD Terms and Conditions
Inflation Stability
INFL_STAB		meri_risk202892.8IMF_WEOIMF Terms of Use
Sovereign credit rating score
RATING.SOV_CREDIT_SCORE		meri_risk202673.3SOVEREIGN_RATINGSManual Source Terms
Sovereign Credit Risk
SOV_CREDIT		meri_risk202673.3SOVEREIGN_RATINGSManual Source Terms
Adult literacy rate
SE.ADT.LITR.ZS		social201199.9WDICC BY 4.0
Age dependency ratio
SP.POP.DPND		social202459.1WDICC BY 4.0
Labor force participation rate
SL.TLF.CACT.ZS		social202560.5WDICC BY 4.0
Life expectancy at birth
SP.DYN.LE00.IN		social202476.4WDICC BY 4.0
Population growth (annual %)
SP.POP.GROW		social2024-0.9WDICC BY 4.0
Population, total
SP.POP.TOTL		social20241,866,124WDICC BY 4.0
Urban population (% of total)
SP.URB.TOTL.IN.ZS		social202468.5WDICC BY 4.0
FDI net inflows (% of GDP)
BX.KLT.DINV.WD.GD.ZS		trade20243.5WDICC BY 4.0
High-technology exports (% of manufactured)
TX.VAL.TECH.MF.ZS		trade202417.5WDICC BY 4.0
Merchandise exports (current USD)
TX.VAL.MRCH.CD.WT		trade202420,666,000,000WDICC BY 4.0
Merchandise imports (current USD)
TM.VAL.MRCH.CD.WT		trade202423,736,000,000WDICC BY 4.0
Tariff rate, applied, simple mean
TM.TAX.MRCH.SM.AR.ZS		trade20222WDICC BY 4.0
Trade (% of GDP)
NE.TRD.GNFS.ZS		trade2024132.3WDICC BY 4.0
Latvia Market Profile | Aperture