AS "LatRailNet" performs continuous monitoring of comparable and agreed key performance indicators (KPI) of the railway sector. Performance indicators have been selected from the Latvian National Development Plan 2021-2027 and the Transport Development Guidelines for 2021-2027, as well as expanded with a system of supporting indicators, which are used to evaluate the effectiveness of decisions of essential functions. In this section you can find information about:
The global competitiveness rankings of the Baltic states
The business environment has a direct impact on rail market conditions. When making a decision on the public use railway infrastructure charges, the ability of the railway transport market segments to bear infrastructure mark-ups is assessed.
Lithuania's economic performance between both neighboring countries is the highest. Compared to 2022, the economic performance of the Baltic states has decreased in all Baltic countries.
Estonia's business efficiency between both neighboring countries is the highest. Compared to 2022, the business efficiency of the Baltic states has decreased in all Baltic countries.
Estonia's state governance efficiency between both neighboring countries is the highest. Compared to 2022, the efficiency of state administrations in the Baltic states has decreased in Lithuania, while it has remained at the same level as last year in Latvia and Estonia.
Estonia's infrastructure efficiency between both neighboring countries is the highest. Compared to 2022, the infrastructure efficiency of the Baltic states has increased in Lithuania, while it has decreased in Latvia and Estonia.
The world competitivness rankings
IMD World Competitivness ranking analyzes and ranks countries according to how they manage their competencies to achieve long-term value creation. An economy’s competitiveness cannot be reduced only to GDP and productivity because enterprises also have to cope with political, social and cultural dimensions. Governments therefore need to provide an environment characterized by efficient infrastructures, institutions, and policies that encourage sustainable value creation by enterprises. The World Competitiveness Ranking is based on 336 competitiveness criteria selected as a result of comprehensive research using economic literature, international, national, and regional sources, and feedback from the business community, government agencies, and academics. The criteria are revised and updated regularly as new theories, research, and data become available and as the global economy evolves.
The global competitiveness index
In September 2021, the World Bank Group decided to discontinue the Doing Business report. It also announced that it would work on a new approach for assessing the business and investment climate around the world and within countries. The new approach is the Business Ready project. The global Business Ready (B-READY) will provide a quantitative assessment of the business environment for private sector development, published annually and covering most economies worldwide. Its data and summary report will advocate for policy reform, inform specific policy advice, and provide data for development research. The first annual Business Ready report, covering 54 economies, will be published in the September of 2024.