Latvia Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in latvia, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Computer Services
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The Latvian government and private businesses have made large investments in telecommunication and high-speed data transmission networks, and that trend is expected to continue. U.S. companies have succeeded in competing for government contracts in this area, providing both technology and services. However, some telecommunications companies have complained about government favoritism benefitting state-owned enterprises.

Internet and electronic commerce are rapidly penetrating the Latvian market and increasing the need for information and communications technologies (ICT) products, services, and support. The total ICT sector turnover in 2024 reached $6.5 billion, and the sector accounts for about 6.7 percent of total GDP.

For these reasons, the ICT sectors, including computer services, computer software, computer hardware and peripherals, and telecommunications services, have played a significant role in Latvia’s economy in recent years.  There are about 7,100 companies operating in the Latvian ICT sector.

Leading Sub-sectors

Prospects can be found in almost any sub-sector of the ICT market. Latvia’s highly educated, multilingual, and competitively priced workforce has led to opportunities in the field of business support centers. The rapid development of the ICT sector has given rise to opportunities in the fields of data and network security. E-government initiatives have opened opportunities for participation in Latvian government tenders for a wide range of ICT-related services. Latvia has established a new Artificial Intelligence Center, a collaborative initiative between public administration, universities, and businesses. Latvia is one of the leading countries in Europe in quantum computing research, as well as 5G technology adoption.  

Opportunities

Please see the Supplement to the Official Journal of the European Union dedicated to European public procurement.
The widespread use of the internet and smart technologies in Latvia has heightened the need for computer and network security. This sector will grow, especially accounting for the growing popularity of online banking in the country. U.S. companies can also find opportunities in AI, cyber security, internet/intranet systems and networks implementation, education and training, support services, software development and re-design, enterprise resource planning services, implementation of Internet B2B software, development of payment card systems, adaptation of foreign software, development of electronic communications, and development of call centers.

Resources

  • Latvian Internet Association
  • Latvian Information and Communications Technology Association  
  • Latvian ICT Sector overview
  • Latvian Export and Import Directory
  • Artificial Intelligence Center

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