Latvia is the 41 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Latvia averaged 51 from 2007 until 2019, reaching an all time high of 70 in 2011 and a record low of 41 in 2019. This page provides the latest reported value for - Latvia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Competitiveness Rank - values, historical data and charts - was last updated on November of 2021.

Competitiveness Rank in Latvia is expected to reach 42.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Competitiveness Rank is projected to trend around 42.00 in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Latvia Competitiveness Rank


Related Last Previous Unit Reference
Competitiveness Rank 41.00 42.00 Dec/19
Competitiveness Index 66.98 66.25 Points Dec/19
Latvia Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.