Region: Central Eastern Europe and Central Asia
Global Rank: 56 of 125
Regional Rank: 10 of 24
Latvia’s IPRI score increased by 0.377 to 5.718 placing it 10th in the Central Eastern Europe and Central Asia region and 56th in the world. Latvia is classified by the IMF as part of the Advanced economies group and by the World Bank as High income country.
Latvia’s Legal and Political Subindex decreased by -0.01 to 5.818 with scores of 4.374 in Judicial Independence, 6.900 in Rule of Law, 6.017 in Political Stability, and 5.982 in Control of Corruption.
Latvia’s Physical Property Rights Subindex increased by 1.294 to 6.226 with scores of 5.061 in perception of Property Rights Protection, 9.463 in Registering Property, and 4.156 in Ease of Access to Loans.
Latvia’s Intellectual Property Rights Subindex decreased by -0.14 to 5.109 with scores of 5.118 in perception of Intellectual Property Protection, data wasn't available to measure Patent Protection, and 5.1 in Copyright Protection.
Latvia is a member of the following regional integration agreements