NUTS-3 LV00B · Latvia
Population
274,7982025
GDP
€4,026M2023
Unemployment· NUTS-2 source
6.9%2025
Employment· NUTS-2 source
78.2%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
16,071.6 km²
TerraSight · Compare
2 regions side-by-side
LV00B · PL427
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Szczecinecko-pyrzycki (Opportunity 36). Runner-up: Kurzeme (29). Contrarian pick: Kurzeme — leads the set on Freight intensity (EU pctl 87).
Strengths
Cost advantage (88) · Energy cost (79)
Red flags
Economic base (EU bottom 15%)
Governance (EU bottom 15%)
#2Kurzeme
Strengths
Freight intensity (87) · Cost advantage (84)
Red flags
Economic base (EU bottom 15%)
Why you might not pick Szczecinecko-pyrzycki
Economic base (EU bottom 15%); Governance (EU bottom 15%). Its weakest dimension is Economic base (EU pctl 5) — Kurzeme may suit a mandate that weights that higher.
How robust is this recommendation?
Szczecinecko-pyrzycki 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
29.2
36.3
Resilience Indexdiversification, stability, buffers
32.0
32.0
Quality of Lifeprosperity, health, safety, environment
35.4
37.4
Clean AirPM2.5 / PM10 / NO₂ inverted
49.7
34.5
Connectivitytransit + air + market access
37.7
20.7
Talent & Human Capitalskills, learning, knowledge workers
56.8
46.0
Growth Momentumrecent GDP / employment trajectory
52.2
60.6
Trajectories · 2012–latest
Real GDP (2020 prices)
—
3.3% 5y
Population
0.6% 5y
2.1% 5y
Unemployment rate
—
9.6% 5y
Derived comparisons
GDP per capita
€14,650
€12,533
Population density
17 /km²
36 /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)
€3,540M
€4,231M
GVA — agriculture, forestry & fishing (A)
€426M
€395M
GVA — industry (B–E)
€869M
€1,124M
GVA — manufacturing (C)
€701M
€985M
GVA — construction (F)
€207M
€366M
GVA — wholesale/retail, transport, ICT (G–J)
€761M
€817M
Net disposable household income per capita (NUTS-2 source) ·N2
€12,000
€11,200
GDP per capita in PPS (purchasing-power adjusted)
18,400 PPS
18,000 PPS
GDP per capita (current prices, EUR)
€14,500
€12,200
Gross fixed capital formation — investment (total economy) ·N2
€9,718M
€5,453M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€1,006M
€756M
Compensation of employees (total wage bill) ·N2
€21,296M
€9,982M
GVA — real estate activities (L)
€285M
—
GVA — information & communication (J)
€61M
—
GVA — finance, real estate & professional (K–N)
€471M
€576M
GVA — public admin, health & education (O–U)
€806M
€952M
Real GDP (constant 2020 prices, incl. short-term forecast)
—
€4,016M
Labour productivity per person employed (EUR)
—
€42,717
Gross fixed capital formation, NUTS-3 (ARDECO)
—
€1,122M
Labour market
Employment, total persons
128,950
136,200
Self-employed persons
17,050
26,700
Employment in manufacturing (C)
22,540
30,900
Activity rate, 15–64 (NUTS-2 source) ·N2
77.6%
73.3%
Youth unemployment rate (15–24) ·N2
14.8%
10.5%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
—
2.9%
Labour force aged 15+ (ARDECO)
—
175,300
Business demography
Active enterprises (business economy, all sizes)
17,143
20,223
Enterprise births
2,273
2,364
Enterprise deaths
1,215
3,033
3-year enterprise survival rate
5.1%
5.2%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.9%
0.8%
Employment in high-tech sectors (% of total) ·N2
5.3%
3.4%
R&D personnel (% of active population, FTE) ·N2
0.8%
0.5%
Education
Tertiary education attainment, age 25–64 ·N2
40.7%
38.5%
Tertiary attainment, age 25–34 (young talent pool) ·N2
44.7%
40.7%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
11.4%
6.9%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
24.8%
26.0%
Scientists & engineers (% of labour force) ·N2
8.0%
8.9%
Digital
Households with internet access ·N2
94.1%
95.8%
Tourism
Nights spent at tourist accommodation (total)
672,267
483,796
Mobility
Passenger cars per 1,000 inhabitants ·N2
424 /1k
599 /1k
Road freight loaded (annual, thousand tonnes)
14,001 kt
15,101 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
2,363
62
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
860
17
Motorway density (km per 1,000 km²) ·N2
—
1 km/1000km²
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
89
84
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
2
1
Demography
Population aged 15–64 (working age)
171,368
237,227
Population aged 65+
62,014
85,886
Population aged under 15
41,416
50,466
Median age of population
45.0 yrs
45.3 yrs
Old-age dependency ratio (65+ / 15–64)
36.2%
36.2%
Crude rate of total population change
-12.1 /1k
-10.5 /1k
Crude rate of net migration plus adjustment
-3.9 /1k
-3.3 /1k
Crude birth rate
7.0 /1k
5.6 /1k
Crude death rate
15.2 /1k
12.8 /1k
Live births
1,935
2,085
Deaths
4,189
4,789
Total age-dependency ratio (young+old / 15-64)
60.4%
57.5%
Total fertility rate (births per woman)
1.32
1.04
Population density (persons per km²)
18 /km²
38 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
—
210,482
Social
At risk of poverty or social exclusion (AROPE) ·N2
24.7%
15.3%
Life expectancy at birth ·N2
76.4 yrs
77.9 yrs
At-risk-of-poverty rate (regional) ·N2
22.0%
12.9%
Health
Hospital beds per 100k inhabitants ·N2
—
1,257 /100k
Mortality, all causes (age-standardised rate) ·N2
1,728 /100k
1,526 /100k
Cancer mortality (age-standardised rate) ·N2
278 /100k
288 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.4 /100k
0.3 /100k
Robberies per 100k inhabitants
6.1 /100k
3.7 /100k
Burglaries per 100k inhabitants
85.9 /100k
164 /100k
Thefts per 100k inhabitants
440 /100k
175 /100k
Road traffic deaths per million inhabitants ·N2
60 /M
62 /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)
95 m
127 m
Hot days ≥30°C (avg per year)
2 days/yr
5 days/yr
Frost days ≤0°C (avg per year)
108 days/yr
79 days/yr
Heavy-precipitation days ≥20mm (avg per year)
2 days/yr
2 days/yr