Riga – Comprehensive Overview of the City, PEST Analysis and Key Industries Including Technology, Tourism and Hospitality, Construction and Retail

“City Profile – Riga” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Riga.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Riga metropolitan area is situated in Latvia and covers an area of 10,192km2. It is a bustling business, industrial and financial center of the Baltics. The area has a strong presence of industry and service sectors. The area's economy is dominated by tourism, financial intermediation, real estate; wholesale and retail trade; hotels and restaurants. Spillover effect of geopolitical tension in Ukraine-Russia will further dampen the performnace of various sectors in 2023

Scope

– The service sectors remain the key contributors Riga metropolitan area's economy and the major employers.

– Riga stands out as a vital tourist hub within Latvia, attracting visitors from both within the country and abroad. However, the tourism and hospitality industries are anticipated to face ongoing challenges throughout 2022-23 due to geopolitical tensions leading to inflationary pressures and diminished consumer confidence in future expenditures.

Reasons to buy

- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.

- Analyze and understand the business environment in the city to align your investment and expansion strategies.

- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.

- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

Table of Contents

1. City Snapshot_x000D_

2. PEST Analysis_x000D_

2.1 Political_x000D_

2.2 Economic_x000D_

2.3 Social_x000D_

3. Technology and Infrastructure_x000D_

3.1 Communications_x000D_

3.2 Internal Transport Networks_x000D_

3.3 Connectivity_x000D_

4. Airport_x000D_

5. Port_x000D_

6. Business Environment Analysis_x000D_

7. Travel and Tourism_x000D_

7.1 Tourism Flows_x000D_

7.2 Hotels_x000D_

7.3 Attractions_x000D_

7.4 Events_x000D_

8. Construction and Real Estate_x000D_

8.1 Investment_x000D_

8.2 Real Estate Market_x000D_

9. Retail_x000D_

9.1 Retail Market_x000D_

9.2 Consumption, Income and Prices_x000D_

About MarketLine_x000D_

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List of Tables

Table 1: Riga metropolitan area – key facts (estimates), 2021

Table 2: Riga metropolitan area– real GDP and real GDP growth, 2000–30

Table 3: Riga metropolitan area– economic growth comparison (Index 2010=100), 2000–30

Table 4: Riga metropolitan area– GDP per capita comparison, 2000–30 ($)

Table 5: Riga metropolitan area– employment structure, 2000–30 (% of total)

Table 6: Riga metropolitan area – main universities, 2021

Table 7: Riga metropolitan area – population comparison, 2000–30 (million)

Table 8: Riga metropolitan area – population by age, 2000–30 (% of total)

Table 9: Riga City – mass transit network indicators, 2021

Table 10: Riga metropolitan area – Riga International Airport, key indicators, 2017–22*

Table 11: Riga city – office rents, 2021

Table 12: Riga city – tourist arrivals in hotels and accommodation establishments, 2018–22*

Table 13: Riga city – international arrivals by country of residence, 2020–22*

Table 14: Riga city – nights in hotels and accommodation establishments, 2018–22*

Table 15: Riga city – accommodations, 2018–22*

Table 16: Riga city – hotel KPIs, 2018–21

Table 17: Riga metropolitan area – UNESCO World Heritage Sites

Table 18: Riga metropolitan area – MICE and other events

List of Figures

Figure 1: Riga metropolitan area– real GDP and real GDP growth, 2000–30

Figure 2: Riga metropolitan area– economic growth comparison (Index 2010=100), 2000–30

Figure 3: Riga metropolitan area– GDP per capita comparison, 2000–30

Figure 4: Riga metropolitan area– employment structure, 2000–30 (% of total)

Figure 5: Riga metropolitan area – population comparison, 2000–30

Figure 6: Riga metropolitan area – population by age, 2000–30 (% of total)

Figure 5: Riga metropolitan area – population comparison, 2000–30

Figure 6: Riga metropolitan area – population by age, 2000–30 (% of total)

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