ENThe name of article is “Assesment and development of smart economy in Latvia”. Nowadays a new economy way is developing – smart economy. Starting the transition to the smart economy is the increase of the population with higher education, as well as the transition from the "commodity society" to the "information / knowledge society". The smart economy is an economy based on knowledge and innovation. The question was how to measure this knowledge and innovation in a specific area. In this article, the author looked at international indexes of smart economy in Latvia, compared to other Baltic states and Central European countries, as well as business, university and government cooperation. The aim of the article is to analyze the development of the smart economy in Latvia. In order to achieve the aim of the article, the following tasks are determined: 1. to determine the concept and measuring tools of the development of the smart economy; 2. to analyze the development of the smart economy in Latvia, as well as in the Baltic States and Central European countries, using international indices; 3. to determine the level of cooperation of smart economy; 4. to draw conclusions. The following methods are used in the article: logical analysis and synthesis methods, theoretical and empirical sources of international level in monographic, analytical, logical-constructive, statistical quantitative data processing and analysis methods. Key Words: smart economy, knowledge, innovation, index, Triple Helix Model.