Time required to start business in Latvia
Latvia: Time required to start business was 5.5 in 2019. ▼ Falling
Latest (2019)
5.5
Change on year
unchanged
World rank
156th
of 188 countries
All-time high
16
in 2003
All-time low
5.5
in 2015
Years of data
17
2003–2019
Time required to start business in Latvia, 2003–2019
Source: Our World in Data.
Analysis
Latvia recorded 5.5 for time required to start 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 business in Latvia peaked at 16 in 2003 and was at its lowest, 5.5, 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.
Time required to start business in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 16 | — |
| 2004 | 16 | +0.0% |
| 2005 | 16 | +0.0% |
| 2006 | 16 | +0.0% |
| 2007 | 16 | +0.0% |
| 2008 | 15.5 | -3.1% |
| 2009 | 15.5 | +0.0% |
| 2010 | 15.5 | +0.0% |
| 2011 | 15.5 | +0.0% |
| 2012 | 15.5 | +0.0% |
| 2013 | 12.5 | -19.4% |
| 2014 | 12.5 | +0.0% |
| 2015 | 5.5 | -56.0% |
| 2016 | 5.5 | +0.0% |
| 2017 | 5.5 | +0.0% |
| 2018 | 5.5 | +0.0% |
| 2019 | 5.5 | +0.0% |
Latvia compared with similar countries
- Latvia's 5.5 is below the median for high income countries, which is 8.5, 65% of the median. (62 countries reporting)
- Latvia's 5.5 is below the median for Europe & Central Asia, which is 7.25, 76% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.86 | 15.5 | 16 | 7 |
| 2010s | 9.9 | 5.5 | 15.5 | 10 |
Countries ranked near Latvia
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is time required to start business in Latvia?
- Time required to start business in Latvia was 5.5 in 2019, according to Our World in Data.
- What is the highest time required to start business recorded in Latvia?
- The highest recorded value was 16 in 2003.
- What is the lowest time required to start business recorded in Latvia?
- The lowest recorded value was 5.5 in 2015.
- How does Latvia rank for time required to start business?
- Latvia ranks 156th out of 188 countries with data for 2019.
- Is time required to start 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 Our World in Data, published as part of Time required to start 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).