Latvia

Economic Freedom Rating, 5-Yr Change - Latvia Compared to Continent

Footnote

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Luxembourg	-5.93%
Poland	-3.77%
Italy	-2.85%
Cyprus	-2.75%
Moldova	-2.65%
Russia	-1.79%
Portugal	-0.99%
Ukraine	-0.04%
Estonia	0.05%
Sweden	0.53%
Switzerland	0.91%
Spain	1.27%
Finland	1.54%
Czech Rep.	1.56%
Lithuania	1.65%
Macedonia	1.72%
Ireland	1.76%
Germany	2.03%
Greece	2.11%
Croatia	2.49%
Norway	2.60%
UK	2.67%
Netherlands	2.94%
Austria	3.52%
Latvia	3.56%
Iceland	4.10%
Slovenia	4.93%
Belgium	4.94%
Hungary	6.67%
Malta	8.03%
Denmark	8.24%
Bulgaria	10.38%
France	10.46%
Albania	11.51%
Belarus	12.42%
Slovak Rep.	16.54%
Turkey	17.08%
Romania	21.55%
Bosnia & H.	32.31%

Latvia: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal

Latvia generates an annual house price time-series, issued by the Central Statistical Bureau of Latvia. In addition, apparently good quality monthly house price data come (free) from the realtor Latio. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.