Charting Latvia – Charting Economy

Pages

60 pages

Published

July 2021

Update frequency

Quarterly

Format

PDF, Horizontal, Screen friendly

KEY QUESTIONS


Begin With Questions, Not Information

Part of the country’s economic profile, the economic structure section gives readers useful views to understand what matters to Latvia’s economy.

KEY QUESTIONS ADDRESSED

  • What is the size of Latvia’s economy?
  • What is the size of Latvia’s population?
  • What is the demographic structure of Latvia? Is it favorable for economic growth?
  • How has the structure of GDP changed over the years?
  • How much does Latvia’s economy rely on external trade?
  • Where are the key economic regions in Latvia?
  • Economic Freedom Index: How free is Latvia’s economy?

Part of the country’s economic profile, this section explores Latvia’s competitiveness at the global level. It also covers the country’s attractiveness to foreign direct investment.

KEY QUESTIONS ADDRESSED

  • How competitive is Latvia?
  • How are Latvia’s competitive factors compared to those of other countries?
  • How is the minimum wage in Latvia compared to others in the region?
  • How has labor productivity in Latvia changed over the years, and in relation to comparable countries?
  • Is it easy to do business in Latvia?
  • How good is Latvia in attracting Foreign Direct Investment?

Part of the country’s economic profile, this section explores Latvia’s economic development, average income, and its distribution, poverty as well as other development indicators.

KEY QUESTIONS ADDRESSED

  • What is the level of income for an average person in Latvia?
  • What is the poverty rate in Latvia, and how does it compare to others?
  • How has the unemployment rate in Latvia changed over recent years?
  • How is income distributed in Latvia, and how does it compare to others?
  • What is the current level of human development in Latvia?
  • How has the quality of life changed over the years?
  • How many SDG has Latvia achieved to date?

As part of the country’s economic outlook, this section explores Latvia’s recent economic growth, its key drivers as well as the growth outlook for the coming years.

KEY QUESTIONS ADDRESSED

  • What has been the growth rate of Latvia’s economy over the past ten years, and how does it compare with others?
  • What were the key growth drivers for Latvia’s economy in the last year?
  • How much does each sector contribute to the overall growth?
  • What is the GDP growth rate in the latest quarter?
  • What are the latest signals from the leading indicators?
  • What is the growth outlook for Latvia’s economy, and how does it compare with others?

As part of the country’s economic outlook, this section explores Latvia’s macro-economic risks, including inflation, financial sector, budget deficit as well as the balance of payment and exchange rate.

KEY QUESTIONS ADDRESSED

  • What have been the government measures against the Covid-19 crisis?
  • What is the risk of inflation over the next 12 months?
  • What is the latest move on Latvia’s monetary policy?
  • What is the health of Latvia’s banking sector?
  • What has been the trend in Latvia’s fiscal budget deficit?
  • Balance of Payment: Where are the key risks?
  • What is the FX risk? How has the currency performed compared to others?

From IMF’s World Economic Outlook Report

  • GDP growth
  • Inflation
  • Population
  • Unemployment rate
  • Government budget and debt
  • Current account

Detailed rankings and scores for Latvia and comparable economies.

  • Starting a business
  • Dealing with construction permits
  • Getting electricity
  • Registering property
  • Getting credit
  • Protecting Minority Investors
  • Paying taxes
  • Trading across borders
  • Enforcing contracts
  • Resolving Insolvency

 

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