Foreign direct investment

Foreign direct investment remains a key driver of Latvia’s economic development. In 2025, with LIAA involvement, 31 investment projects were launched with a total value of €1.01 billion, creating 1,350 new jobs. According to Bank of Latvia data, the total volume of foreign investment increased by €700 million during the first three quarters of 2025. Latvia’s strongest investment momentum is currently seen in knowledge-intensive bioeconomy, smart energy, high value-added manufacturing, ICT and defence-related sectors.

FDI split by sectors shows that most investment is attracted in professional, scientific and technical services (24.4%). Other significant foreign investments have been accumulated in financial operations (14.9%), wholesale and retail trade (13.3%), manufacturing (13.0%), and real estate operations (12.5%).

Contacts

Riga office

Address: Perses Street 2, Riga, Latvia, LV-1442
Web: www.investinlatvia.org
For more information: invest@liaa.gov.lv
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