Business climate in Latvia
Latvia ranks #13 of 54 on the overall business climate (score 65). Its strongest suit is red tape, followed by rule of law; the weakest is momentum.
| Driver | Score | Rank | Measures |
|---|---|---|---|
| Red tape and ease of doing business | 81 | #9 of 54 | Regulatory framework (World Bank B-READY 2025): 77 (2025); Business entry (B-READY): 88 (2025); Public services for business (B-READY): 76 (2025); Days to start a business (Doing Business): 5.50 (2017); Procedures to start a business (Doing Business): 4.00 (2017); Ease of doing business rank (Doing Business, 1 = easiest of 190): 19 (2017) |
| Rule of law and legal certainty | 72 | #16 of 54 | Liberal democracy (V-Dem): 0.75 (2025); Corruption perceptions score (higher = cleaner): 60 (2025); Strength of legal rights for borrowers and lenders: 9.00 (2017); Dispute resolution (B-READY): 67 (2025) |
| Taxes on business | 64 | #17 of 53 | Corporate income tax rate (headline): 20 (2026); Total tax and contribution rate on commercial profits: 36 (2017); Taxation administration (B-READY): 68 (2025) |
| Cost of capital | – | – | Access to finance (B-READY): 82 (2025) |
| Energy prices for business | 69 | #7 of 31 | Business electricity price (Eurostat, 500-1,999 MWh a year): 0.13 (2025) |
| Growth momentum and investment trend | 31 | #45 of 53 | Real GDP growth, average of the last five years: 2.00 (2025); Growth trend: last three years against 2015-2019: -2.56 (2025); Foreign direct investment, net inflows: 4.00 (2023) |
Countries with a similar profile
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United Kingdom · 
Switzerland · 
Lithuania
Find the best business sites in Latvia
Open the mapSources as on the business-climate table. Nestlyzer scores each measure 0–100 between the 5th and 95th percentile of the countries it covers. How the method works.