by Naomitsu Yashiro, Latvia Desk, OECD Economics Department Latvia is a dynamic economy that joined the OECD in 2016. It has enjoyed strong economic performance in recent years and its macroeconomic policy is sound. Nevertheless, Latvia’s per capita GDP is still only about a half of the average level of high income OECD countries (Figure … More Latvia: Working towards stronger and more inclusive growth
By Daniela Glocker and Andrés Fuentes Hutfilter, OECD Economics Department Located at the centre of the Baltic States, Latvia’s capital city Riga and its surrounding municipalities are a strategically important logistic centre with access to markets in Europe and Russia. It is the largest city in the Baltic States and the third largest in the … More Making the most of Riga metropolitan area can boost wellbeing and economic growth in Latvia
by Andrés Fuentes Hutfilter, Germany-Latvia Desk, OECD Economics Department Unemployment is still above 8% in Latvia and contributes to poverty, in part because many unemployed have been without a job for an extended period of time. High unemployment and poverty are concentrated in some regions (Figure 1). Housing policies shape residential mobility and can encourage … More Boosting economic opportunities and wellbeing in Latvia: why housing matters
by Andrés Fuentes Hutfilter and Naomitsu Yashiro, Latvia Desk, OECD Economics Department Latvia’s economy is growing strongly. Driven by the recovery of exports and investment as well as strong private consumption, real GDP growth is expected to strengthen from 2% in 2016 to around 4% this year and next. Exporters have gained market shares. More disbursement … More Latvia: time to reboot inclusive productivity growth
