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 · PL811
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Bialski (Opportunity 33). Runner-up: Vidzeme (29). Contrarian pick: Vidzeme — leads the set on Freight intensity (EU pctl 89).
#1Bialski
Strengths
Cost advantage (92) · Freight intensity (86)
Red flags
Economic base (EU bottom 15%)
Governance (EU bottom 15%)
#2Vidzeme
Strengths
Freight intensity (89) · Cost advantage (84)
Red flags
Economic base (EU bottom 15%)
Why you might not pick Bialski
Economic base (EU bottom 15%); Governance (EU bottom 15%). Its weakest dimension is Economic base (EU pctl 6) — Vidzeme may suit a mandate that weights that higher.
How robust is this recommendation?
Bialski leads under all four archetype mandates — the recommendation is weight-stable.
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
32.5
Resilience Indexdiversification, stability, buffers
35.3
32.3
Quality of Lifeprosperity, health, safety, environment
32.8
28.9
Clean AirPM2.5 / PM10 / NO₂ inverted
—
27.5
Connectivitytransit + air + market access
35.0
26.0
Talent & Human Capitalskills, learning, knowledge workers
56.8
48.5
Growth Momentumrecent GDP / employment trajectory
56.6
61.2
Trajectories · 2012–latest
Real GDP (2020 prices)
—
4.4% 5y
Population
0.5% 5y
1.8% 5y
Unemployment rate
—
3.7% 5y
Derived comparisons
GDP per capita
€12,926
€13,091
Population density
14 /km²
45 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 89 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€3,114M
€3,196M
GVA — agriculture, forestry & fishing (A)
€374M
€347M
GVA — industry (B–E)
€725M
€524M
GVA — manufacturing (C)
€506M
€428M
GVA — construction (F)
€202M
€199M
GVA — wholesale/retail, transport, ICT (G–J)
€582M
€956M
Net disposable household income per capita (NUTS-2 source) ·N2
€12,000
€10,500
GDP per capita in PPS (purchasing-power adjusted)
16,200 PPS
18,800 PPS
GDP per capita (current prices, EUR)
€12,800
€12,700
Gross fixed capital formation — investment (total economy) ·N2
€9,718M
€5,181M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€1,006M
€820M
Compensation of employees (total wage bill) ·N2
€21,296M
€10,585M
GVA — real estate activities (L)
€305M
—
GVA — information & communication (J)
€37M
—
GVA — finance, real estate & professional (K–N)
€462M
€423M
GVA — public admin, health & education (O–U)
€770M
€748M
Real GDP (constant 2020 prices, incl. short-term forecast)
—
€3,176M
Labour productivity per person employed (EUR)
—
€37,483
Gross fixed capital formation, NUTS-3 (ARDECO)
—
€790M
Labour market
Employment, total persons
106,320
118,800
Self-employed persons
15,180
38,800
Employment in manufacturing (C)
18,010
13,500
Activity rate, 15–64 (NUTS-2 source) ·N2
77.6%
74.5%
Youth unemployment rate (15–24) ·N2
14.8%
21.1%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
—
5.3%
Labour force aged 15+ (ARDECO)
—
130,000
Business demography
Active enterprises (business economy, all sizes)
17,069
13,896
Enterprise births
2,167
1,551
Enterprise deaths
1,016
1,858
3-year enterprise survival rate
5.2%
6.4%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.9%
1.4%
Employment in high-tech sectors (% of total) ·N2
5.3%
2.7%
R&D personnel (% of active population, FTE) ·N2
0.8%
0.9%
Education
Tertiary education attainment, age 25–64 ·N2
40.7%
37.4%
Tertiary attainment, age 25–34 (young talent pool) ·N2
44.7%
42.5%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
11.4%
10.2%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
24.8%
24.9%
Scientists & engineers (% of labour force) ·N2
8.0%
7.2%
Digital
Households with internet access ·N2
94.1%
93.9%
Tourism
Nights spent at tourist accommodation (total)
401,197
308,451
Mobility
Passenger cars per 1,000 inhabitants ·N2
424 /1k
647 /1k
Road freight loaded (annual, thousand tonnes)
14,433 kt
13,558 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
3,155
32
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
1,151
12
Motorway density (km per 1,000 km²) ·N2
—
0 km/1000km²
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
146
62
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
0
2
Demography
Population aged 15–64 (working age)
171,332
172,448
Population aged 65+
61,149
58,009
Population aged under 15
41,538
39,768
Median age of population
45.2 yrs
44.0 yrs
Old-age dependency ratio (65+ / 15–64)
35.7%
33.6%
Crude rate of total population change
-10.7 /1k
-8.8 /1k
Crude rate of net migration plus adjustment
-2.9 /1k
-3.9 /1k
Crude birth rate
7.1 /1k
6.8 /1k
Crude death rate
14.8 /1k
11.7 /1k
Live births
1,951
1,842
Deaths
4,081
3,173
Total age-dependency ratio (young+old / 15-64)
59.9%
56.7%
Total fertility rate (births per woman)
1.37
1.22
Population density (persons per km²)
14 /km²
46 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
—
180,359
Social
At risk of poverty or social exclusion (AROPE) ·N2
24.7%
18.0%
Life expectancy at birth ·N2
76.4 yrs
78.6 yrs
At-risk-of-poverty rate (regional) ·N2
22.0%
15.9%
Health
Hospital beds per 100k inhabitants ·N2
—
621 /100k
Mortality, all causes (age-standardised rate) ·N2
1,728 /100k
1,560 /100k
Cancer mortality (age-standardised rate) ·N2
278 /100k
252 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.8 /100k
1.5 /100k
Robberies per 100k inhabitants
3.3 /100k
6.2 /100k
Burglaries per 100k inhabitants
89.2 /100k
52.8 /100k
Thefts per 100k inhabitants
460 /100k
103 /100k
Road traffic deaths per million inhabitants ·N2
60 /M
61 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
—
0.52
Regulatory quality, WGI score -2.5..2.5 (country)
—
0.69
Rule of law, WGI score -2.5..2.5 (country)
—
0.35
Control of corruption, WGI score -2.5..2.5 (country)
—
0.67
Political stability & absence of violence, WGI score (country)
—
0.54
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.114/kWh
€0.113/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.050/kWh
€0.064/kWh
Climate
Elevation at region centroid (Copernicus DEM)
119 m
153 m
Hot days ≥30°C (avg per year)
1 days/yr
8 days/yr
Frost days ≤0°C (avg per year)
127 days/yr
92 days/yr
Heavy-precipitation days ≥20mm (avg per year)
3 days/yr
3 days/yr