This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 2/28/2019

Overview

One of Latvia's priorities since regaining independence has been to update its outdated data and voice communications sectors.  Large investments have been made both in telecommunication and high-speed data transmission networks, and that trend is expected to continue.  U.S. companies have had recent successes competing for government contracts in this area, providing both technology and services.
 
Both 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 has reached approximately $4 billion, and the sector accounts for approximately 4.7% of total GDP.

For these reasons, the ICT sectors, including computer services, computer software, computer hardware and peripherals, and telecommunications services, have significantly increased their roles in Latvia's economy during recent years.  There are approximately 6,000 companies operating in the Latvian ICT sector.

Leading Sub-Sectors

Good 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.

Opportunities

Please see the Supplement to the Official Journal of the European Union dedicated to European public procurement.
Latvian Export and Import Directory

The popularity of the Internet 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.  Opportunities can also be found in: 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.
Web Resources

Prepared by the International Trade Administration. With its network of more than 100 offices across the United States and in more than 75 markets, the International Trade Administration of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.