NUTS-3 LV00C · Latvia
Population
274,0192025
GDP
€3,542M2023
Unemployment· NUTS-2 source
6.9%2025
Employment· NUTS-2 source
78.2%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
19,805 km²
TerraSight · Compare
2 regions side-by-side
LV00C · HU222
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Vas (Opportunity 36). Runner-up: Vidzeme (29). Contrarian pick: Vidzeme — leads the set on Freight intensity (EU pctl 89).
#1Vas
Strengths
Cost advantage (92) · Industrial base (92)
Red flags
Governance (EU bottom 15%)
Energy cost (EU bottom 15%)
#2Vidzeme
Strengths
Freight intensity (89) · Cost advantage (84)
Red flags
Economic base (EU bottom 15%)
Why you might not pick Vas
Governance (EU bottom 15%); Energy cost (EU bottom 15%). Its weakest dimension is Energy cost (EU pctl 2) — Vidzeme may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: Logistics → Vidzeme · Manufacturing → Vidzeme · Office → Vidzeme · Residential → Vas.
Phase-2 diligence checklist
- Site-level grid connection capacity and power pricing (beyond country-grain energy data)
- Local incentives, tax regimes and permitting timelines
- Workforce depth for your specific roles (the talent pillar is a proxy)
- Real-estate availability, rents and land — public pan-EU data stops at the Nordics
This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.
Composite intelligence · 0–100 EU-percentile scores
Opportunity Indexscale + growth + access + structure
28.6
35.9
Resilience Indexdiversification, stability, buffers
35.3
33.5
Quality of Lifeprosperity, health, safety, environment
32.8
37.5
Connectivitytransit + air + market access
35.0
41.3
Talent & Human Capitalskills, learning, knowledge workers
56.8
15.3
Growth Momentumrecent GDP / employment trajectory
56.6
43.2
Trajectories · 2012–latest
Real GDP (2020 prices)
—
1.9% 5y
Population
0.5% 5y
0.3% 5y
Unemployment rate
—
8.4% 5y
Derived comparisons
GDP per capita
€12,926
€17,269
Population density
14 /km²
74 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 87 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€3,114M
€3,644M
GVA — agriculture, forestry & fishing (A)
€374M
€169M
GVA — industry (B–E)
€725M
€1,238M
GVA — manufacturing (C)
€506M
€1,193M
GVA — construction (F)
€202M
€244M
GVA — wholesale/retail, transport, ICT (G–J)
€582M
€544M
Net disposable household income per capita (NUTS-2 source) ·N2
€12,000
€10,600
GDP per capita in PPS (purchasing-power adjusted)
16,200 PPS
24,300 PPS
GDP per capita (current prices, EUR)
€12,800
€17,200
Gross fixed capital formation — investment (total economy) ·N2
€9,718M
€4,295M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€1,006M
€1,556M
Compensation of employees (total wage bill) ·N2
€21,296M
€7,392M
GVA — real estate activities (L)
€305M
€419M
GVA — information & communication (J)
€37M
€74M
GVA — finance, real estate & professional (K–N)
€462M
€689M
GVA — public admin, health & education (O–U)
€770M
€760M
Real GDP (constant 2020 prices, incl. short-term forecast)
—
€3,324M
Labour productivity per person employed (EUR)
—
€41,672
Gross fixed capital formation, NUTS-3 (ARDECO)
—
€955M
Labour market
Employment, total persons
106,320
107,580
Self-employed persons
15,180
11,120
Employment in manufacturing (C)
18,010
34,250
Activity rate, 15–64 (NUTS-2 source) ·N2
77.6%
78.8%
Youth unemployment rate (15–24) ·N2
14.8%
11.6%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
—
3.0%
Labour force aged 15+ (ARDECO)
—
124,700
Business demography
Active enterprises (business economy, all sizes)
17,069
20,816
Enterprise births
2,167
1,841
Enterprise deaths
1,016
458
3-year enterprise survival rate
5.2%
5.3%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.9%
1.1%
Employment in high-tech sectors (% of total) ·N2
5.3%
4.3%
R&D personnel (% of active population, FTE) ·N2
0.8%
0.6%
Education
Tertiary education attainment, age 25–64 ·N2
40.7%
26.0%
Tertiary attainment, age 25–34 (young talent pool) ·N2
44.7%
21.0%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
11.4%
7.3%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
24.8%
18.8%
Scientists & engineers (% of labour force) ·N2
8.0%
6.3%
Digital
Households with internet access ·N2
94.1%
94.4%
Tourism
Nights spent at tourist accommodation (total)
401,197
1,577,795
Mobility
Passenger cars per 1,000 inhabitants ·N2
424 /1k
502 /1k
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
3,155
1,604
Road freight loaded (annual, thousand tonnes)
14,433 kt
3,372 kt
Motorway density (km per 1,000 km²) ·N2
—
21 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
1,151
653
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
146
107
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
0
0
Demography
Population aged 15–64 (working age)
171,332
158,462
Population aged 65+
61,149
54,190
Population aged under 15
41,538
32,946
Median age of population
45.2 yrs
46.4 yrs
Old-age dependency ratio (65+ / 15–64)
35.7%
34.2%
Crude rate of total population change
-10.7 /1k
-10.5 /1k
Crude rate of net migration plus adjustment
-2.9 /1k
-4.6 /1k
Crude birth rate
7.1 /1k
7.3 /1k
Crude death rate
14.8 /1k
13.3 /1k
Live births
1,951
1,814
Deaths
4,081
3,277
Total age-dependency ratio (young+old / 15-64)
59.9%
55.0%
Total fertility rate (births per woman)
1.37
1.33
Population density (persons per km²)
14 /km²
74 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
—
239,038
Social
At risk of poverty or social exclusion (AROPE) ·N2
24.7%
12.0%
Life expectancy at birth ·N2
76.4 yrs
77.5 yrs
At-risk-of-poverty rate (regional) ·N2
22.0%
8.9%
Health
Hospital beds per 100k inhabitants ·N2
—
670 /100k
Mortality, all causes (age-standardised rate) ·N2
1,728 /100k
1,594 /100k
Cancer mortality (age-standardised rate) ·N2
278 /100k
312 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.8 /100k
1.2 /100k
Robberies per 100k inhabitants
3.3 /100k
2.4 /100k
Burglaries per 100k inhabitants
89.2 /100k
—
Thefts per 100k inhabitants
460 /100k
382 /100k
Road traffic deaths per million inhabitants ·N2
60 /M
60 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
—
0.66
Regulatory quality, WGI score -2.5..2.5 (country)
—
0.29
Rule of law, WGI score -2.5..2.5 (country)
—
0.24
Control of corruption, WGI score -2.5..2.5 (country)
—
0.04
Political stability & absence of violence, WGI score (country)
—
0.67
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.114/kWh
€0.171/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.050/kWh
€0.048/kWh
Climate
Elevation at region centroid (Copernicus DEM)
119 m
169 m
Hot days ≥30°C (avg per year)
1 days/yr
17 days/yr
Frost days ≤0°C (avg per year)
127 days/yr
67 days/yr
Heavy-precipitation days ≥20mm (avg per year)
3 days/yr
5 days/yr