← INNOVATIVE ECOSYSTEMS
    🇱🇻

    Latvia

    Extended
    Europe · #43 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    63.8▼ -0.8 YoY
    ●●○0.79IEPA COMPOSITE

    Latvia scores 63.8 out of 100 on the IEPA (2024 edition), ranking #43 of 117 economies. That is down 0.8 points on the year before. Its strongest zone is FDI Accelerator at 76.5. Its binding constraint, the lowest-scoring of its six zones, is Entrepreneurship Capacity at 54.3. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    2010201220142016201820202022202420264854606672
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    2010201120122013201420152016201720182019202120232025036912
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #39of 145 ranked economies▲ 1 place since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    20102011201220132014201520162017201820192020202120222023202435373941
    CAPABILITY RANK · HIGHER IS BETTER
    2.69% / yr
    Implied growth
    Annual growth the current capability base points to.
    293
    Diversity
    Distinct products made at competitive scale.
    +0.73
    Capability score
    Standardized: 0 is the world average.
    +1.15
    Outlook
    Value of the new products within reach of what it already does.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Construction, Building, and Home Supplies43 of 104 made · 80% of the rest within reach
    Agriculture66 of 200 made · 68% of the rest within reach
    Textile Apparel and Accessories12 of 50 made · 68% of the rest within reach
    Electronic and Electrical Goods14 of 73 made · 68% of the rest within reach
    Minerals8 of 48 made · 35% of the rest within reach
    Textile and Home Goods12 of 78 made · 47% of the rest within reach
    Metalworking and Electrical Machinery and Parts22 of 155 made · 56% of the rest within reach
    Industrial Chemicals and Metals13 of 157 made · 40% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Widest opening is Electronic and Electrical Goods. This market makes 19% of that cluster today, and 68% of what it does not make sits one step from something it already does.
    READ ON THE 190 OF 293 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Mineral wools and insulating materials$5B world market
    Mining, Metals & MaterialsOPENS 0.21 · COMPLEXITY +0.86
    Seats$85B world market
    Wood, Paper & FurnitureOPENS 0.14 · COMPLEXITY +0.32
    Aluminum bars$20B world market
    Mining, Metals & MaterialsOPENS 0.10 · COMPLEXITY -0.09
    Aluminum containers, <300 liters$7B world market
    Mining, Metals & MaterialsOPENS 0.09 · COMPLEXITY -0.13
    Glass containers for conveyance$13B world market
    Mining, Metals & MaterialsOPENS 0.07 · COMPLEXITY -0.48
    THE NEAREST OPTIONS AMONG 351 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    LIVE SIGNALS
    <![CDATA[ September in Financial Markets: Bab el-Mandeb Drives Oil Prices Higher, Interest Rates Rise, and AI Warnings Mount ]]> - The Baltic Times
    Baltic Times · Economic Policy
    Mark Zuckerberg’s sister Arielle Zuckerberg reveals secret DJ career, 37-year-old has played techno at cl - The Times of India
    Google News · Latvia · Startups & Innovation · Oct 8 · Startup Ecosystem
    PEERS · EXTENDED
    🇨🇱Chile59.7→🇦🇲Armenia59.4→🇲🇺Mauritius61.2→🇷🇸Serbia58.2→
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-06-27
    115organizations indexed across 7 types · 114 mapped
    Universities & research bodies
    58
    Research organizations
    21
    Government bodies
    16
    Corporate R&D
    11
    Health research
    4
    Fab labs & makerspaces
    4
    Science & tech parks
    1
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 115 indexed
    College of Business Administration
    Universities & research bodies · Riga · 2003
    Return on Intelligence (Latvia)
    Corporate R&D · Riga · 1995
    SIA StarBridge (Latvia)
    Corporate R&D · Riga · 2017
    Centre for Eastern European Policy Studies
    Research organizations · Riga · 2006
    Baltic International Centre for Economic Policy Studies
    Research organizations · Riga · 2001
    Pauls Stradiņš Clinical University Hospital
    Health research · Riga · 1910
    SIA ORTO klīnika
    Health research · Riga
    FabLab Liepaja
    Fab labs & makerspaces · Liepāja
    State Environmental Service
    Government bodies · Riga · 2005
    Latvijas Universitātes FabLab
    Fab labs & makerspaces · Riga
    Metrology Bureau
    Government bodies · Riga · 2014
    Members get the full directory, filters, and exports.See all 115 organizations →

    Latvia: common questions

    What is Latvia's IEPA score?
    Latvia scores 63.8 out of 100 on the IEPA, 2024 edition, which ranks it #43 of 117 economies.
    What is Latvia's strongest zone?
    FDI Accelerator, at 76.5. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Latvia back?
    Its binding constraint is Entrepreneurship Capacity, at 54.3, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Latvia compare with its peers?
    The closest scored peers are Chile (59.7), Armenia (59.4), Mauritius (61.2), Serbia (58.2).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Latvia →