Share of people who report having intentions to start business in Latvia

Latvia: Share of people who report having intentions to start business was 17.32 in 2017. ▲ Rising

Latest (2017)
17.32
Change on year
down 8.6%
World rank
31st
of 66 countries
All-time high
24.83
in 2011
All-time low
4.34
in 2007
Years of data
12
2005–2017

Share of people who report having intentions to start business in Latvia, 2005–2017

5101520252005201120172005: 10.62006: 12.52007: 4.32008: 6.62009: 9.82010: 21.42011: 24.82012: 21.92013: 22.72015: 22.22016: 18.92017: 17.3

Source: Global Entrepreneurship Monitor (2018) – processed by Our World in Data.

Analysis

In 2017, share of people who report having intentions to start business in Latvia stood at 17.32.

The figure is down 8.6% on the previous year and up 299.1% over ten years.

Over the whole period, share of people who report having intentions to start business in Latvia peaked at 24.83 in 2011 and was at its lowest, 4.34, in 2007.

Latvia ranks 31st of 66 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 12 years of available data.

Share of people who report having intentions to start business in Latvia, year by year

Annual values for Share of people who report having intentions to start business in Latvia, 2005 to 2017.
Year Value Change
2005 10.57
2006 12.5 +18.3%
2007 4.34 -65.3%
2008 6.6 +52.1%
2009 9.8 +48.5%
2010 21.35 +117.9%
2011 24.83 +16.3%
2012 21.85 -12.0%
2013 22.69 +3.8%
2015 22.24 -2.0%
2016 18.94 -14.8%
2017 17.32 -8.6%

Averages by decade

DecadeAverage LowestHighest Years
2000s 8.76 4.34 12.5 5
2010s 21.32 17.32 24.83 7

Countries ranked near Latvia

  1. 28 France 17.62 compare
  2. 29 Malaysia 17.61 compare
  3. 30 Croatia 17.54 compare
  4. 32 Hong Kong 16.28 compare
  5. 33 Iceland 15.71 compare
  6. 34 China 15.29 compare

See the full ranking of 66 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is share of people who report having intentions to start business in Latvia?
Share of people who report having intentions to start business in Latvia was 17.32 in 2017, according to Global Entrepreneurship Monitor (2018) – processed by Our World in Data.
What is the highest share of people who report having intentions to start business recorded in Latvia?
The highest recorded value was 24.83 in 2011.
What is the lowest share of people who report having intentions to start business recorded in Latvia?
The lowest recorded value was 4.34 in 2007.
How does Latvia rank for share of people who report having intentions to start business?
Latvia ranks 31st out of 66 countries with data for 2017.
Is share of people who report having intentions to start business rising or falling in Latvia?
Over the last ten years it is up 299.1%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from Global Entrepreneurship Monitor (2018) – processed by Our World in Data, published as part of Share of people who report having intentions to start business. Statizoid updates them automatically from the source API.

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Share of people who report having intentions to start business in Latvia. Statizoid, drawing on Global Entrepreneurship Monitor (2018) – processed by Our World in Data. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/share-of-people-who-report-having-intentions-to-start-business/latvia/

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About this data

Indicator
Share of people who report having intentions to start business
Source
Global Entrepreneurship Monitor (2018) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
66 places, 706 data points, 2002–2017
Last refreshed

Percentage of 18-64 population who intend to start a business within three years (individuals already involved in any stage of entrepreneurial activity excluded) plotted against GDP per capita, adjusted for inflation and differences in living costs between countries.