Latvia

Europe & Central AsiaHigh incomeISO LVA

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New business density

7.02

per 1,000 adults · 2024

Global rank #37 · Europe & Central Asia #16/50

New business registrations

8,218

companies / year · 2024

Global rank #95 · Europe & Central Asia #37/50

New business density over time

Country context

Employers

5.0

% of employment · 2025

GDP per capita

$26,312

current US$ · 2025

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<iframe src="https://entrpr.com/embed/latvia.html" width="440" height="180" style="border:0;overflow:hidden" title="Latvia entrepreneurship rate by entrpr.com" loading="lazy"></iframe>

Sources

New business density: World Bank, IC.BUS.NDNS.ZS
New business registrations: World Bank, IC.BUS.NREG
Employers: World Bank, SL.EMP.MPYR.ZS
GDP per capita: World Bank, NY.GDP.PCAP.CD

All figures are the most recently reported year for Latvia. Data licensed CC BY 4.0. Last refreshed 01 July 2026.