The revenue of game developers from Latvia has grown almost four and a half times over the past six years

The Latvian Game Developers Association has prepared a report on the state of the local gaming industry for 2019. Over the past six years, it has grown several times, and last year its turnover exceeded €30 million for the first time.Basic data on the Latvian gaming industry for 2019

The revenue of local gaming companies in 2019 amounted to €30.1 million (over the past six years, this figure has increased 4.3 times).

• The profit of the local gaming industry in 2019 amounted to € 16.5 million (over the past six years it has grown 9.2 times).
• For comparison, in 2014, the turnover and profit of the Latvian gaming industry amounted to only €7 million and €1.8 million, respectively.
• Turnover and profit of Latvian gaming companies (2014-2019)

Approximately 54 gaming companies are registered in Latvia.

• At the same time, five of them provide 88.7% of revenue.65% of games developed and released are projects for mobile devices.
• Another 20% are PC games.Most of the companies are located in Riga.
• Also, some companies have offices abroad — in cities such as Vilnius, Tallinn, Toronto and Parnu.Also on the topic:
  

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• Sensor Tower: spending by European players on mobile games will reach $12.9 billion by 2022
• Is there any news?