Starting a business: Time - Men (days) in Latvia
Latvia: Starting a business: Time - Men was 5.5 days in 2019. ▼ Falling
Starting a business: Time - Men in Latvia, 2003–2019
Source: World Bank. Measured in days.
Analysis
In 2019, starting a business: time - men in Latvia stood at 5.5 days. That is the lowest value across all 17 years on record.
That represents a change of down 64.5% over ten years.
Over the whole period, starting a business: time - men in Latvia peaked at 16 days in 2003 and was at its lowest, 5.5 days, in 2015.
Latvia ranks 157th of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business: Time - Men in Latvia, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 16 days | — |
| 2004 | 16 days | +0.0% |
| 2005 | 16 days | +0.0% |
| 2006 | 16 days | +0.0% |
| 2007 | 16 days | +0.0% |
| 2008 | 15.5 days | -3.1% |
| 2009 | 15.5 days | +0.0% |
| 2010 | 15.5 days | +0.0% |
| 2011 | 15.5 days | +0.0% |
| 2012 | 15.5 days | +0.0% |
| 2013 | 12.5 days | -19.4% |
| 2014 | 12.5 days | +0.0% |
| 2015 | 5.5 days | -56.0% |
| 2016 | 5.5 days | +0.0% |
| 2017 | 5.5 days | +0.0% |
| 2018 | 5.5 days | +0.0% |
| 2019 | 5.5 days | +0.0% |
Latvia compared with similar countries
- Latvia's 5.5 days is below the median for high income countries, which is 8.25 days, 67% of the median. (62 countries reporting)
- Latvia's 5.5 days is below the median for Europe & Central Asia, which is 7 days, 79% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.86 days | 15.5 days | 16 days | 7 |
| 2010s | 9.9 days | 5.5 days | 15.5 days | 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: time - men in Latvia?
- Starting a business: time - men in Latvia was 5.5 days in 2019, according to the World Bank.
- What is the highest starting a business: time - men recorded in Latvia?
- The highest recorded value was 16 days in 2003.
- What is the lowest starting a business: time - men recorded in Latvia?
- The lowest recorded value was 5.5 days in 2015.
- How does Latvia rank for starting a business: time - men?
- Latvia ranks 157th out of 191 countries with data for 2019.
- Is starting a business: time - men rising or falling in Latvia?
- Over the last ten years it is down 64.5%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from the World Bank, published as part of Starting a business: Time - Men (days). 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 time for men captures the median duration that business incorporation experts indicate is necessary for five male married entrepreneurs to complete all procedures required to start and operate a business with minimum follow-up and no extra payments. It is calulared in calendar days. The time estimates of all procedures are added to calculate the total time required to start and operate a business, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.