The gap in GDP per capita remains wide
Well-being indicators suggest a large scope for catching up
The economy is highly volatile
Main short and medium-term economic indicators
Debt is being significantly reduced
Credit is falling
Income inequality is among the highest compared with OECD countries
The tax wedge on low-income earners is set to remain high
Improved tax collection offers revenue potential
Latvia is less competitive than its peers
Product Market Regulation is more restrictive than in the average OECD country
Energy intensity is high
Greenhouse gas emissions intensity is above the OECD average
Employment rates differ widely by educational level
Participation in lifelong learning is low
R&D expenditure is among the lowest compared with OECD countries