Latvia Time Required to Start a Business 2019: 5.50 days
Latvia's time required to start a business in 2019 is 5.50 days, unchanged from 2018. It ranks #157 of 189 countries.
Time required to start a business varies globally, highlighting efficiency in regulatory environments and economic growth potential.
Source (2019): Time required to start a business
Where Latvia ranks (2019)
#157 of 189- #151
Thailand6 days - #157
Brunei Darussalam5.5 days - #157
Latvia5.5 days - #157
Lithuania5.5 days - #157
Puerto Rico5.5 days
Time Required to Start a Business over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2019 | 5.5 days | 0 days | 0.00% | |
| 2018 | 5.5 days | 0 days | 0.00% | |
| 2017 | 5.5 days | 0 days | 0.00% | |
| 2016 | 5.5 days | 0 days | 0.00% | |
| 2015 | 5.5 days | 7 days | -56.00% | |
| 2014 | 12.5 days | 0 days | 0.00% | |
| 2013 | 12.5 days | 3 days | -19.35% | |
| 2012 | 15.5 days | 0 days | 0.00% | |
| 2011 | 15.5 days | 0 days | 0.00% | |
| 2010 | 15.5 days | 0 days | 0.00% | |
| 2009 | 15.5 days | 0 days | 0.00% | |
| 2008 | 15.5 days | 0.5 days | -3.13% | |
| 2007 | 16 days | 0 days | 0.00% | |
| 2006 | 16 days | 0 days | 0.00% | |
| 2005 | 16 days | 0 days | 0.00% | |
| 2004 | 16 days | 0 days | 0.00% | |
| 2003 | 16 days | — | — |
Cite this page
Geo Factbook. (n.d.). Latvia: Time Required to Start a Business. Retrieved November 13, 2026, from https://geofactbook.com/countries/latvia/time-required-to-start-a-business
The figures on this page come from Time required to start a business | Doing Business project, World Bank via Our World in Data. For academic work, cite the original source as well.
Frequently Asked Questions About Latvia Time Required to Start a Business
What is Latvia's time required to start a business in 2019?▾
Latvia's time required to start a business is 5.50 days in 2019, according to Time required to start a business | Doing Business project, World Bank via Our World in Data.
Is Latvia's time required to start a business increasing or decreasing?▾
Latvia's time required to start a business was essentially unchanged from 2018 (5.50 days) to 2019 (5.50 days). Over the past decade (2009–2019) it fell by 64.5%.
How does Latvia rank for time required to start a business?▾
In 2019, Latvia has the 157th highest time required to start a business out of 189 countries with data.
What was Latvia's time required to start a business in 2003?▾
In 2003, Latvia's time required to start a business was 16 days. By 2019 it fell by 65.6%.
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