Economic Outlook No 116 — Indicator of competitiveness based on in Latvia
Latvia: Economic Outlook No 116 — Indicator of competitiveness based on was 104.09 in 2026. ▲ Rising
Economic Outlook No 116 — Indicator of competitiveness based on in Latvia, 1997–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 116 — indicator of competitiveness based on in Latvia stood at 104.09.
The figure is down 1.2% on the previous year and up 7.8% over ten years.
Over the whole period, economic outlook no 116 — indicator of competitiveness based on in Latvia peaked at 107 in 2023 and was at its lowest, 69.47, in 1997.
The long-run direction has been consistently rising across the 30 years of available data.
Economic Outlook No 116 — Indicator of competitiveness based on in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 69.47 | — |
| 1998 | 75.53 | +8.7% |
| 1999 | 89.5 | +18.5% |
| 2000 | 93.19 | +4.1% |
| 2001 | 88.63 | -4.9% |
| 2002 | 85.23 | -3.8% |
| 2003 | 80.81 | -5.2% |
| 2004 | 80.95 | +0.2% |
| 2005 | 78.42 | -3.1% |
| 2006 | 80.22 | +2.3% |
| 2007 | 85.02 | +6.0% |
| 2008 | 92.54 | +8.8% |
| 2009 | 98.99 | +7.0% |
| 2010 | 89.97 | -9.1% |
| 2011 | 90.2 | +0.3% |
| 2012 | 88.75 | -1.6% |
| 2013 | 87.61 | -1.3% |
| 2014 | 91.48 | +4.4% |
| 2015 | 94.59 | +3.4% |
| 2016 | 96.57 | +2.1% |
| 2017 | 93.46 | -3.2% |
| 2018 | 97.09 | +3.9% |
| 2019 | 96.86 | -0.2% |
| 2020 | 99.24 | +2.5% |
| 2021 | 100 | +0.8% |
| 2022 | 100.57 | +0.6% |
| 2023 | 107 | +6.4% |
| 2024 | 106.19 | -0.7% |
| 2025 | 105.31 | -0.8% |
| 2026 | 104.09 | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 78.17 | 69.47 | 89.5 | 3 |
| 2000s | 86.4 | 78.42 | 98.99 | 10 |
| 2010s | 92.66 | 87.61 | 97.09 | 10 |
| 2020s | 103.2 | 99.24 | 107 | 7 |
Countries ranked near Latvia
- 1 Argentina 219.34 compare
- 1 Poland 124.77 compare
- 2 Croatia 104.72 compare
- 2 Costa Rica 122.58 compare
- 2 Estonia 116.19 compare
- 3 United States of America 114.97 compare
- 3 Lithuania 109.15 compare
- 4 Peru 112.21 compare
- 5 Iceland 112.15 compare
- 5 Netherlands 103.2 compare
- 6 Mexico 111.81 compare
- 6 Slovenia 102.35 compare
- 7 Brazil 110.28 compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is economic outlook no 116 — indicator of competitiveness based on in Latvia?
- Economic outlook no 116 — indicator of competitiveness based on in Latvia was 104.09 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 116 — indicator of competitiveness based on recorded in Latvia?
- The highest recorded value was 107 in 2023.
- What is the lowest economic outlook no 116 — indicator of competitiveness based on recorded in Latvia?
- The lowest recorded value was 69.47 in 1997.
- How does Latvia rank for economic outlook no 116 — indicator of competitiveness based on?
- Latvia ranks 4th out of 7 countries with data for 2026.
- Is economic outlook no 116 — indicator of competitiveness based on rising or falling in Latvia?
- Over the last ten years it is up 7.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 116 — Indicator of competitiveness based on relative consumer prices. Statizoid updates them automatically from the source API.
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org