Time required to start a business in Latvia
Latvia: Time required to start a business was 5.5 days in 2019. ▼ Falling
Time required to start a business in Latvia, 2003–2019
Source: Doing Business project, World Bank (2025) – processed by Our World in Data. Measured in days.
Analysis
Latvia recorded 5.5 days for time required to start a business in 2019. That is the lowest value across all 17 years on record.
That represents a change of down 64.5% over ten years.
Over the whole period, time required to start a business in Latvia peaked at 16 days in 2003 and was at its lowest, 5.5 days, in 2015.
That places Latvia 156th out of 188 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.86 days | 15.5 days | 16 days | 7 |
| 2010s | 9.9 days | 5.5 days | 15.5 days | 10 |
Countries ranked near Latvia
More reference data data for Latvia
- Spring temperature anomalies 4.57 °C (2026)
- Summer temperature anomalies 1.58 °C (2026)
- Temperature anomalies by month -5.99 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 2.33 °C (2025)
- Winter temperature anomalies 3.08 °C (2025)
- Consumer price index 162.39 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is time required to start a business in Latvia?
- Time required to start a business in Latvia was 5.5 days in 2019, according to Doing Business project, World Bank (2025) – processed by Our World in Data.
- What is the highest time required to start a business recorded in Latvia?
- The highest recorded value was 16 days in 2003.
- What is the lowest time required to start a business recorded in Latvia?
- The lowest recorded value was 5.5 days in 2015.
- How does Latvia rank for time required to start a business?
- Latvia ranks 156th out of 188 countries with data for 2019.
- Is time required to start a business rising or falling in Latvia?
- Over the last ten years it is down 64.5%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Doing Business project, World Bank (2025) – processed by Our World in Data, published as part of Time required to start a business. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Number of calendar days needed to complete the procedures to legally operate a business.