The 2017 OECD R&D tax incentive country profiles provide detailed information on the design features and cost of tax provisions used by countries to incentivise R&D performance by businesses, reporting on both long-term and recent trends.
These notes present selected country highlights from the OECD Science, Technology and Industry Scoreboard 2017 with a specific focus on digital trends among all themes covered.
Unemployment is still above 8% in Latvia and contributes to poverty, in part because many unemployed have been without a job for an extended period of time.
Latvia’s economy is growing strongly. Driven by the recovery of exports and investment as well as strong private consumption, real GDP growth is expected to strengthen from 2% in 2016 to around 4% this year and next.
The Latvian Economy has grown robustly but not enough for strong convergence in living standards.
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Unemployment in Latvia has been on a downward trajectory since it reached a record high of 20.4% at the height of the global financial crisis (Q1 2010). It is now 9.7%, but it remains above the OECD average of 6.2%.
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This country note from Going for Growth 2017 for Latvia identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.