Latvia

Region Northern Europe Capital Riga Currency Euro (EUR) Density 31 / km²

WRI Score 2026

74.3

scale 1–100 · higher is better

46th

Global rank

23rd

In Europe

211

Ranked

Parameter Breakdown · 2026

The nine components behind the score.

Every parameter is scored 1–100, higher is better, equally weighted; their sum normalises to the 0–100 WRI Score.

Personal Income Tax · 100 = no income tax Top rate 23%· KPMG / EY

54.5

Above-average top marginal rate.

Population Density · 100 = uncrowded 31 / km²· UN WPP

98.9

Sparsely populated, well below global norms.

GDP per Capita · 100 = highest output per resident $28,024· IMF WEO 2026

67.8

Middle-income economy by per-capita output.

Life Expectancy · 100 = longest life expectancy 75.6 years· WHO / UN

62.8

Moderate life expectancy relative to peers.

Tourism & Lifestyle · 100 = strongest lifestyle appeal 1 arrivals per capita· UNWTO

78.4

Moderate tourism activity relative to population.

Unemployment · 100 = lowest unemployment 6.5%· ILO / SECO

80.6

Low, stable labour market.

Warmongering · 100 = least militarised 3.4% of GDP· SIPRI

69.8

Moderate defence spending relative to GDP.

Safety & Rule of Law · 100 = safest Composite· UNODC · WJP · TI

72.8

Moderate safety and rule-of-law composite.

Ideological Neutrality · 100 = most ideologically neutral WRI rubric composite· WRI rubric

85.5

Low institutional ideological enforcement.

Where it sits

Among the world's elite tier.

Latvia holds 46th of 211 with a WRI Score of 74.30 — holds a strong position in the upper tier. Its strength lies in population density (98.9) and ideological neutrality (85.5); its tax treatment remains a moderate constraint.

Nearest peers

2026 WRI Score

43 Greenland 74.51

44 Bulgaria 74.44

45 Czech Republic 74.36

46 Latvia 74.30

47 Panama 73.94

48 Canada 73.86

49 Vanuatu 73.64

All figures from WRI_2026. Methodology Manual v3.4 documents every scale and source.