OECD: Latvia should improve governance and healthcare to boost living standards
The latest OECD economic survey of Latvia notes that living standards have approached the OECD average over the past 25 years, but structural issues remain. The organisation recommends enhancing public administration and healthcare performance, while accelerating climate action.
The OECD's newest Economic Survey of Latvia concludes that the country's living standards have converged toward the OECD average over the last quarter-century. However, further improvement requires addressing several structural challenges.
The survey particularly highlights the need to improve the performance of public administration and the healthcare system. At the same time, the OECD recommends that Latvia accelerate actions to mitigate climate change. These steps together would help raise living standards.
Despite the progress made, the OECD points out that structural problems in Latvia still hinder faster development. Experts stress that reforms in these areas are crucial to reach higher living standards.
