The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Latvia  
Rank: 64 · Score: 50.2  

Basic facts, 2020        
Population (millions) 1.9   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 33.4   M&A volume (quartile) 2nd
GDP per capita (US$) 17,523.7   Venture capital investments (quartile) 3rd
GDP growth (per cent) -3.6   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 64 74, 76, 74, 61, 61 50.2
1 Economic Activity 85 39, 34, 37, 41, 40 65.1
2 Depth of Capital Market 76 56, 60, 59, 49, 49 33.7
3 Taxation 20 99, 96, 96, 105, 105 102.8
4 Investor Protection and Corporate Governance 32 88, 90, 91, 94, 93 83.0
5 Human and Social Environment 45 77, 75, 77, 75, 80 36.1
6 Entrepreneurial Opportunities 52 84, 85, 84, 80, 73 53.9


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Latvia  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Bulgaria 72.8 56.4 87.8 69.0 32.0 55.7
Slovenia 70.6 41.1 108.8 74.7 34.0 72.7
Croatia 69.9 53.9 102.5 63.3 25.1 54.7
Latvia 65.1 33.7 102.8 83.0 36.1 53.9
Serbia 67.2 41.6 78.1 62.1 31.2 55.9
Slovakia 73.7 30.2 97.9 66.4 31.9 56.4
Belarus 70.7 35.3 93.4 54.3 36.9 49.1
Last updated: 21 Jun 2021