Government at a Glance provides a dashboard of key indicators to help you analyse international comparisons of public sector performance.
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Within a context of lower resources and higher health needs than in many OECD countries, Latvia’s health system delivers relatively efficient and effective care to the population, however, existing financial and geographical barriers to care are important drivers of unmet health care needs.
The Latvian Economy has grown robustly but not enough for strong convergence in living standards.
Successful implementation of economic reforms has boosted the Latvian economy, leading to strong growth, rising wages and solid public finances. Further policy action is now needed to accelerate productivity growth, create jobs, drive down poverty, improve living standards and ensure that everyone benefits from more inclusive growth, according to a new report from the OECD.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Riga, on 15 September 2017 to present the 2017 Economic Survey of Latvia, alongside Mr. Arvils Ašeradens, Deputy Prime Minister, and Minister of Economics of the Republic of Latvia.
In 2016, preliminary data show that ODA reached USD 28 million (0.10% of GNI). In 2015, Latvia’s net ODA amounted to USD 23 million, representing an increase of 9% in real terms over 2014.
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Unemployment in Latvia has been on a downward trajectory since it reached a record high of 20.4% at the height of the global financial crisis (Q1 2010). It is now 9.7%, but it remains above the OECD average of 6.2%.
The tax burden on labour income is expressed by the tax wedge, which is a measure of the net tax burden on labour income borne by the employee and the employer.
The Review of Corporate Governance in Latvia was prepared as part of the process of Latvia’s accession to OECD Membership. The report describes the corporate governance setting for both listed companies and the state-owned sector (SOEs). The Review then examines the legal and regulatory framework and company practices to assess the degree to which the recommendations of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises have been implemented. The report finds that Latvia's framework for the corporate governance of listed companies is largely consistent with the Principles. However, the report recommends a series of measures to further strengthen the corporate governance framework, which could help to deepen its currently small capital market and attract investment. For SOEs, the report recognises considerable reforms undertaken during the accession review process to establish an ownership co-ordination unit and to begin re-establishing boards of directors (which had been abolished in 2009). The report calls for consolidation of these reforms and also stresses the importance of clarifying SOE objectives and strategies, and enhancing disclosure.
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Trade in services drives the exchange of ideas, know-how and technology which helps firms cut costs, increase productivity and boost competitiveness. However, international trade in services is often impeded by trade and investment barriers and domestic regulations. This index helps identify which policy measures restrict trade in Latvia.