Taxation: Estonia beats Latvia in tax competitiveness, according to the Global Tax Competitiveness Index.
Business environment: Estonia scores stronger than Latvia in the Business Environment section of the Location Attractiveness Model. One of the contributing factors is Estonia's higher score in the Doing Business Report. The Global Competitiveness Report ranks Estonia higher than Latvia.
Infrastructure: Estonia scores stronger than Latvia in the Infrastructure section of the Location Attractiveness Model. The World Digital Competitiveness Index ranks Estonia higher than Latvia.
Political and financial risks: Risks to doing business in Estonia, are lower than those in Latvia. The credit rating by Standard & Poor's for Estonia is AA- and for Latvia A+.
Human resources: Estonia's human resources rank considerably higher than those in Latvia. One of the factors contributing to this is Estonia's higher score in the Human Capital Report. Estonia's employees beat those in Latvia in enterpreneurship, according to World Economic Fund.