LATVIA
Region: EASTERN EUROPE AND CENTRAL ASIA
128
of
48
Global Rank: 
20
of
6
Region Rank:

Latvia’s IPRI score increased by 0.2 to 5.7 placing it 6th among countries in the Eastern Europe and Central Asia and 48th in the world. Latvia is classified by the IMF in the Advanced Economies group and by the World Bank as an high income nation. Latvia is a member of the European Union.
Latvia’s Legal and Political Environment Subindex score increased by 0.1 to 5.9 with component scores of 5.3 in Judicial Independence, 6.7 in Rule of Law, 6.1 in Political Stability, and 5.7 in Control of Corruption. The Physical Property Rights Subindex remained the same at 6.0 with component scores of 6.2 in Property Rights, 9.5 in Registering Property, and 2.5 in Ease of Access to Loans. The Subindex score on Intellectual Property Rights increased by 0.3 to 5.1 with component scores of 5.5 in intellectual Property Protection, 4.7 on Copyright Piracy Level, and no score for Patent Protection due to lack of information.


IPRI Overall




  Score Globally Regionally
Overall 5.7 48 of 128 6 of 20
Legal and Political 5.9 41 of 128 6 of 20
Physical 6.0 48 of 128 5 of 20
Intellectual 5.1 64 of 128 10 of 20


Legal and Political Environmental




  Score Globally Regionally
Overall 5.9 41 of 128 6 of 20
Judicial Independence 5.3 51 of 128 4 of 20
Rule of Law 6.7 36 of 128 5 of 20
Political Stability 6.1 39 of 128 9 of 20
Control of Corruption 5.7 43 of 128 5 of 20


Physical Property Rights




  Score Globally Regionally
Overall 6.0 48 of 128 5 of 20
Protection of Physical Property 6.2 39 of 128 2 of 20
Registering Property 9.5 40 of 127 7 of 20
Access to Loan 2.5 89 of 128 13 of 20


Intellectual Property Rights




  Score Globally Regionally
Overall 5.1 64 of 128 10 of 20
Protection of Intellectual Property Rights 5.5 44 of 128 4 of 20
Patent Protection
Copyright Protection 4.7 43 of 104 8 of 20
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Ranks Country Rating
1 FINLAND 8.4
2 NEW ZEALAND 8.3
3 LUXEMBOURG 8.3
4 NORWAY 8.3
5 SWITZERLAND 8.2
6 SINGAPORE 8.1
7 SWEDEN 8.1
8 JAPAN 8.1
9 NETHERLANDS 8.0
10 CANADA 8.0
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