This OECD Economic Survey of Latvia examines recent economic developments, policies and prospects. Special chapters cover improving public sector efficiency and raising productivity.
The Latvian economy is among the fastest-growing in the euro area, but continued reforms will promote a rapid and sustainable pace of convergence with upper-income countries while limiting the risk of repeated boom-and-bust cycles, according to the OECD Economic Survey of Latvia.
Tackling inequalities and informality is a priority. The tax-benefit system should be made more redistributive and employment friendly. Addressing barriers to competition and skill mismatch is crucial to support productivity growth.
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This country note from Going for Growth 2015 for Latvia identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
In 2013, Latvia’s net ODA amounted to USD 24 million, representing an increase of 12% in real terms over 2012. The ratio of ODA as a share of GNI also rose, from 0.07% to 0.08%. Multilateral ODA accounted for 94% of Latvia’s total ODA in 2013.
In 2012, official statistics for outflows from Latvia totalled 25 200 while inflows were 12 300.
This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It also includes a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).
OECD Secretary-General Angel Gurría today welcomed the passage into law of Latvia's “Public Persons Enterprises and Capital Shares Governance Law”.
The decision of the OECD Council in 2013 to invite Latvia to begin the process of joining the Organisation is a strong statement by OECD countries. It shows their confidence in the strategic directions, achievements and capabilities of the Latvian government. It is a message which will be translated into more and better investments in Latvia; more and better jobs for Latvians; said OECD Secretary-General.
This page contains all information relating to implementation of the OECD Anti-Bribery Convention in Latvia