IMD World Digital Competitiveness

FACTORS BREAKDOWN - STRENGTHS AND WEAKNESSES LATVIA

u Overall top strengths Overall Top Strengths

w Overall top weaknesses Overall Top Weaknesses

KNOWLEDGE

2019 2020 2021 2022 2023 32 27 24 25 44 27 27 30 28 31 47 49 51 52 54

Sub-Factors

Talent

Training & education

Scientific concentration

Training & education

Scientific concentration

Talent

Rank

Rank

Rank

45 38 06 54 40 43 48

23 54 49 47 49 15

45 16 30 16 49 24

Employee training

Total expenditure on R&D (%)

Educational assessment PISA - Math

Total public expenditure on education

Total R&D personnel per capita

International experience

Higher education achievement

Female researchers

u

Foreign highly skilled personnel

Pupil-teacher ratio (tertiary education)

R&D productivity by publication

Management of cities

Graduates in Sciences

Scientific and technical employment

Digital/Technological skills

Women with degrees

High-tech patent grants Robots in Education and R&D

Net flow of international students

TECHNOLOGY

2019 2020 2021 2022 2023 30 37 34 36 43 35 50 46 39 52 14 13 18 22 27

Sub-Factors

Regulatory framework Capital

Technological framework

Capital

Technological framework

Regulatory framework

Rank

Rank

Rank

44 26 17 29 33 25

15 14 55 44 58 56

26 49 61 36 53 53

IT & media stock market capitalization

Communications technology

Starting a business

Funding for technological development

Mobile broadband subscribers

u Enforcing contracts

Banking and financial services

Wireless broadband

w

Immigration laws

Country credit rating

Internet users

Development & application of tech.

Venture capital

Internet bandwidth speed

w Scientific research legislation w Intellectual property rights

Investment in Telecommunications

High-tech exports (%)

FUTURE READINESS

2019 2020 2021 2022 2023 52 51 51 44 35 47 45 48 31 49 44 37 37 23 21

Sub-Factors Adaptive attitudes Business agility

IT integration

Business agility

IT integration

Adaptive attitudes

Rank

Rank

Rank

27 47 36 40 11 02

26 37 23 22 56

48 52 58 48 46 12

Opportunities and threats

E-Government

E-Participation

World robots distribution

Public-private partnerships

Internet retailing

Agility of companies

Cyber security

w

Tablet possession

Use of big data and analytics

Software piracy

Smartphone possession

Knowledge transfer

Government cyber security capacity

u

w Attitudes toward globalization

Entrepreneurial fear of failure

Privacy protection by law content

u

u

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