Starting a business - Score in Latvia
Latvia: Starting a business - Score was 94.14 in 2019. ▲ Rising
Starting a business - Score in Latvia, 2003–2019
Source: World Bank.
Analysis
In 2019, starting a business - score in Latvia stood at 94.14. That is the highest value across all 17 years on record.
The figure is up 5.5% over ten years.
Over the whole period, starting a business - score in Latvia peaked at 94.14 in 2019 and was at its lowest, 86.15, in 2003.
Latvia ranks 27th of 191 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Starting a business - Score in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 86.15 | — |
| 2004 | 86.48 | +0.4% |
| 2005 | 87.71 | +1.4% |
| 2006 | 88.15 | +0.5% |
| 2007 | 88.47 | +0.4% |
| 2008 | 89 | +0.6% |
| 2009 | 89.2 | +0.2% |
| 2010 | 89.16 | -0.0% |
| 2011 | 91.5 | +2.6% |
| 2012 | 91.53 | +0.0% |
| 2013 | 92.33 | +0.9% |
| 2014 | 92.04 | -0.3% |
| 2015 | 94.11 | +2.2% |
| 2016 | 94.11 | +0.0% |
| 2017 | 94.11 | +0.0% |
| 2018 | 94.12 | +0.0% |
| 2019 | 94.14 | +0.0% |
Latvia compared with similar countries
- Latvia's 94.14 is above the median for high income countries, which is 91.07, 1.0× the median. (62 countries reporting)
- Latvia's 94.14 is above the median for Europe & Central Asia, which is 92.32, 1.0× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 87.88 | 86.15 | 89.2 | 7 |
| 2010s | 92.72 | 89.16 | 94.14 | 10 |
Countries ranked near Latvia
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 17.9% (2025)
- Manufactures imports 60.8% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Food exports 22.1% (2025)
- Manufactures exports 54.2% (2025)
- Merchandise exports 22.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 11,972 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.455 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is starting a business - score in Latvia?
- Starting a business - score in Latvia was 94.14 in 2019, according to the World Bank.
- What is the highest starting a business - score recorded in Latvia?
- The highest recorded value was 94.14 in 2019.
- What is the lowest starting a business - score recorded in Latvia?
- The lowest recorded value was 86.15 in 2003.
- How does Latvia rank for starting a business - score?
- Latvia ranks 27th out of 191 countries with data for 2019.
- Is starting a business - score rising or falling in Latvia?
- Over the last ten years it is up 5.5%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from the World Bank, published as part of Starting a business - Score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The score for starting a business is the simple average of the scores for each of the component indicators: the procedures, time and cost for an entrepreneur to start and formally operate a business, as well as the paid-in minimum capital requirement.