Latvia - Informality

Firms competing against unregistered firms (% of firms)

Definition: Firms competing against unregistered firms are the percentage of firms competing against unregistered or informal firms.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2009 41.70
2013 27.10
2019 37.40

Firms formally registered when operations started (% of firms)

Definition: Firms formally registered when operations started are the percentage of firms formally registered when they started operations in the country.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2009 98.50
2013 98.00
2019 99.50

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment