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 August of 2022.

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.

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Latvia Competitiveness Rank



Related Last Previous Unit Reference
Competitiveness Rank 41.00 42.00 Dec 2019
Competitiveness Index 66.98 66.25 Points Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
41.00 42.00 70.00 41.00 2007 - 2019 Yearly