Information and Communication Technologies (ICT)

ICT is one of the fastest-growing industries in Latvia, and Riga is leading the way as the largest ICT hub in the Baltics with robust digital public services (5th in the EU), 94% of overall fixed broadband coverage and innovative plans of using 5G network. ICT sector contributes 4.3% of total GDP.

~ 6,996 companies active in the ICT sector (2019): 

  • 114 - ICT equipment
  • 501 - the telecommunications industry
  • > 5,000 – other ICT services
  • 527 - ICT equipment sales

 

Number of employees in the ICT sector >  37,000.

Foreign trade surplus of ICT services EUR 466 million. 

The main trade partners of ICT services Sweden, USA, and Ireland.

 

Key Benefits

  • Riga is the largest ICT hub in the Baltics
  • 1st in ICT exports in Baltics 
  • 3rd in the world in mobile data usage 
  • 94% of overall fixed broadband coverage 
  • 16th fastest internet speed in the world
  • 10% of the average annual growth rate of ICT industry value-added 
  • 5th in the EU in digital public services
  • 1st in innovations in the Baltics 
  • The most startup-friendly country in the world
  • First 5G military test site in Europe
  • 1st in Europe in terms of ICT students per 1 M population

Main subsectors

IT support, Telecom, Software development, Cloud solutions, AI, Automation & Robotics.

Key Players

  • SAF
  • TET
  • LMT
  • Mikrotik
  • ZABBIX
  • TILDE
  • Lightspace

 

Links:

Latvian companies in the industry: http://ict-industry-companies.liaa.gov.lv

Latvian Information Technology and Communications Association: www.likta.lv

Latvian Open Technology Association www.lata.org.lv 

Latvian Internet Association: www.lia.lv

Association of Computer Technologies of Latvia: www.itnet.lv

Latvian IT Cluster: www.itbaltic.com

Latvian Electrical Engineering And Alectronics Association (LETERA)

Microsoft innovation centre

Download

ICT Industry in Latvia Overview
PDF
FACT sheet: ICT Industry in Latvia
PDF

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