THE LEGATUM PROSPERITY INDEX™ 2016

Bringing Prosperity to Life

Latvia

Ranked 37th of 149

At a glance

Ranks

37 th on the Legatum
Prosperity Index™

34th
34th
39th
32nd
82nd
42nd
57th
94th
16th

SUB-INDEX RANKINGS

In the Prosperity Sub-Index rankings, Latvia performs best on Natural Environment and Education and scores lowest on the Social Capital sub-index.

Visit our Rankings table to see how Latvia compares to other countries.

Prosperity Gap

The ‘Prosperity Gap’ takes a country's GDP and uses it as the yardstick to measure a nation's expected Prosperity Index ranking.

Latvia has eradicated its prosperity deficit over the past decade and now has a small prosperity surplus thanks to an overall improvement across sub-indices, particularly in Business Environment, Natural Environment, and Safety & Security. Its prosperity deficits come in Health and Social Capital, which is common in much of the region. It should be noted that neighbouring Lithuania still has a prosperity deficit despite having a similar GDP.

Note:
In the chart above, each dot represents a country. The curve shows the general tendency with which prosperity increases as GDP per capita increases. If a country falls below the curve, then we can say that compared to all other countries, it is under-delivering prosperity for its citizens. Likewise, if a country rises above the curve, then we can say that it is over-delivering prosperity for its citizens. Learn more about the Prosperity Gap here.

Alternatively, have a look at the Prosperity Gap view on our Rankings table for a full list of countries and to see how each of them are performing on the various sub-indices.

Data

How to read this graph:
When comparing multiple countries on a spider chart, data points that appear
further away from the center represent a better performance to the points that are closer to the center.