Market Intelligence Reports

Quarterly Global Market Report Q4 2020

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58 November, 2020 Latvia Global: 23 Availability: 34 Cost: 25 Regulation: 28 Productivity: 33 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 14 Availability: 21 Cost: 10 Regulation: 20 Productivity: 12 Remote Readiness 25 Remote Readiness 40 Latvia has spent $2.6 billion USD in an attempt to combat the impact of Covid-19. The key economic policies in place include: • Wage subsidies for sick-leave or downtime due to Covid-19 • Tax relief • Financial support for sectors impacted the most https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Travellers outside of the EU are restricted from entering Latvia for non-essential travel. On entry, all travellers from countries with a high rate of infection need to self-isolate for 10 days. Restrictions have been applied by municipality depending on the rate of infection. In these areas older students have been moved to on- line learning and there are restrictions on non- essential shops and services. 8.0% 4.7% 0% 20% Latvia Regional Ave. % of GDP Latvia Q4 2019* Q4 2020* % Change YOY Total Workforce 967K 974K +0.7% Unemployment Rate (%) 6.0% 8.4% +40% Unemployed Workers 58K 82K +41% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://data.csb.gov.lv/

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