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  • 15-September-2017

    English

    Economic Survey of Latvia 2017

    The Latvian Economy has grown robustly but not enough for strong convergence in living standards.

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  • 15-September-2017

    English

    Latvia: Maintain robust expansion and continue reforms to achieve income convergence and more inclusive growth

    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.

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  • 15-September-2017

    English

    Mr. Angel Gurría, Secretary-General of the OECD, in Riga, Latvia, on 15 September 2017

    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.

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  • 15-September-2017

    English

    OECD Economic Surveys: Latvia 2017

    Latvia’s economy has grown robustly in recent years on the back of a strong track record in implementing structural reforms, despite a challenging international environment. Rising wages have supported household consumption. After a severe setback in 2008-09, catch-up with higher income OECD countries may have resumed. Government finances are solid and financial market confidence in Latvia is strong. Private sector indebtedness is now lower than in many OECD economies. Export performance, including diversification of products and destinations, is improving, but Latvia’s participation in global value chains is modest. Latvia’s exports still rely heavily on low value-added, natural resource intensive products, reflecting in part skills shortages and weak innovation. Unemployment remains high, although it has fallen. Many young Latvians emigrate. Informal economic activity is still widespread.
    High long-term unemployment, weak social safety nets and high labour taxes for workers on low pay contribute to widespread poverty. Many low-income households are inadequately housed. High out-of-pocket payments limit access of low-income households to health services. Improving access to housing, health care, education and training would improve economic opportunities for low-income households and requires additional government spending.SPECIAL FEATURES : MOVING UP THE GLOBAL VALUE CHAIN; ECONOMIC AND SOCIAL INFRASTRUCTURE
  • 14-June-2017

    English

    Latvia's Official Development Assistance (ODA)

    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.

  • 13-June-2017

    English, PDF, 267kb

    OECD Employment Outlook 2017: Key findings for Latvia

    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%.

  • 11-April-2017

    English

    Taxing Wages: Latvia

    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.

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  • 20-March-2017

    English

    Corporate Governance in Latvia

    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.
  • 22-December-2016

    English, PDF, 184kb

    Services Trade Restrictiveness Index Country Note: Latvia

    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.

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  • 6-December-2016

    English

    PISA 2015 key findings for Latvia

    This country note presents student performance in science, reading and mathematics, and measures equity in education in Latvia. The interactive charts allow you to compare results with other countries participating in the OECD Programme for International Student Assessment (PISA).

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