Latvia’s digital economy has expanded steadily over the past decade, supported by ICT sector growth, sustained public digital investment efforts, and increasing telecommunications market scale.
- Latvia’s ICT sector share of GDP rose by 67.5% from 2011 to reach 6.7% in 2023, above the EU average of 5.2% and broadly in line with Estonia’s ~6–7%. || Source: Investment and Development Agency of Latvia
- Latvia’s 2025 Digital Decade roadmap includes 90 measures worth $2,516.3 million (4.9% of GDP), compared with EU Member States’ 1,910 measures totaling $317.5 billion (1.1% of GDP). || Source: European Commission
- And in 2024, Latvia’s telecommunications industry generated $1.4 billion in turnover, increasing by €$264.0 million compared to 2021. || Source: Statista
+ Specifically, electronic communications services revenue increased by 5.3% in 2022 to reach $618.2 million, while the four largest operators accounted for a combined market share of 81%. || Source: LSM
