Riga in Latvia

October 2024

The Riga in Latvia report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration, wealth and other consumer topics. On top of the consumer analysis, economic city landscape is represented including statistics and projections for key macroeconomic, labour and transport indicators.

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Overview:

Riga in Latvia is based on Euromonitor’s City Scorecard. The scorecard is a benchmarking tool used to evaluate the consumer and economic performance of 1,000+ largest cities globally. The scorecard considers indicators across eight key pillars that are at the core of a city’s consumer market development. The scorecard is built by ranking cities in a country/regional context and provides an easy-to-understand system to quickly identify city-specific risks and opportunities.

Euromonitor’s City Scorecard covers over 30 indicators in eight pillars:
• Population
• Consumer Expenditure
• Digital Consumer
• Wealth
• Possession of Household Durables
• Economy
• Labour
• Transport

Riga in Latvia helps to evaluate potential market size by city and formulate a more informed image of the urban consumer. Key economic indicators combined with income, spending and employment data help businesses map potential market sizes. Comparative data and newest city insights will help businesses customize and tailor country market entry strategies pinpointing the cities with the most future potential.

The Riga in Latvia market research report includes:

  • Major Riga cities scorecard
  • Detailed ranking of cities in terms of future growth, wealth, labour and other key consumer and economic indicators
  • Historic data on population, consumer expenditure, digital consumer and other indicators
  • Five-year forecasts of trends and city growth

The Riga in Latvia in Riga report answers: 

  • How does a specific city fair in terms of consumer market attractiveness compared to a country/region?
  • Which cities will be the fastest growing in Riga?
  • What is the consumer market potential in specific cities?
  • Which cities in Riga have the largest number of wealthy consumers?
  • How does the city affordability differ across country and region?
  • How does labour productivity differ across cities?
  • What is the household profile in different cities?

Riga in Latvia

HEADLINES

Chart 1 Riga City Scorecard Rankings Among 124 Eastern Europe Cities
Summary 1 City Scorecard Compared to and 2023
Chart 2 Key Riga Population Indicators Compared to Latvia and Eastern Europe 2023
Chart 3 Riga Population Growth Compared to Latvia and Eastern Europe 2018-2028
Chart 4 Riga Growth Index of Population Aged 0-14, 15-64 and 65+ Year-Olds 2018-2028
Chart 5 Riga Population by Age and Sex 2023
Chart 6 Riga Consumer Expenditure per Capita Compared to Latvia and Eastern Europe 2018-2028
Chart 7 Riga Consumer Expenditure Structure 2023
Chart 8 Key Riga Digital Consumer Statistics Compared to Latvia and Eastern Europe 2023
Chart 9 Digital Consumer Historic Growth and Forecasts in Riga 2018-2028
Chart 10 Riga Disposable Income per Household Compared to Latvia and Eastern Europe 2018-2028
Chart 11 Number of Households by Disposable Income Band in Riga 2018/2023/2028
Chart 12 Wealthy Consumers: Number of Households with Disposable Income Over USD150,000 in Riga: 2018-2028
Chart 13 Riga Household Possession of Kitchen Durables Compared to Latvia and Eastern Europe 2023: % of Households
Chart 14 Riga Possession of Entertainment Electronics Compared to Latvia and Eastern Europe 2023: % of Households
Chart 15 Riga Household Possession of Other Durables Compared to Latvia and Eastern Europe 2023: % of Households
Chart 16 Riga GDP per Capita Compared to Latvia and Eastern Europe 2018-2028
Chart 17 Riga Real GDP Growth Compared to Latvia and Eastern Europe 2018-2028
Chart 18 Riga Inflation Compared to Latvia and Eastern Europe 2018-2028
Chart 19 Riga Labour Indicators Compared to Latvia and Eastern Europe 2023
Chart 20 Economically Active Population and Unemployment Rate in Riga 2018-2023
Chart 21 Riga Labour Productivity Compared to Latvia and Eastern Europe 2018-2023
Chart 22 Number of Airport Passengers in Riga 2018-2023
Chart 23 Automotive Circulation in Riga 2018-2023
Chart 24 Riga Transport Possession Compared to Latvia and Eastern Europe 2023: % of Households
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