European forest industry contributes a complex value added chain, including forestry, processing sector of timber industry and further development sector of timber. Each sector is being collected, processed and stored the specific data, which is necessary to collect in the single data system for all forest industry. This data system would allow to understand and to analyze the economic contribution of each sector. European Union (EU) member states is should seek to harmonize the forest industry data system, it is, to establish a single economic value of forests and consistently linked the forest balance with wooden land, timber, forestry economic activities in the cash flow accounts and wood supply / use in the natural and monetary values. In EU is the data system of forest industry, but each European country is necessary assess its suitability and to adapted to situation which is in the country. Latvian various institutions and organizations deal with the data collection of forest industry and with publicly available data interpretation and additional calculation in Latvia. In Latvia is not been complete a complex forest industry analysis, is not been complete its data suitability and conformity assessment according to the situation in Latvia, and the analysis of other European countries of experience. Is necessary to introduce and develop harmonized the forest industry data system in Latvia then is necessary make the current situation evaluation, including a stored information analysis of forest industry, identify all institutions and organizations which deal with forest industry data collection, processing and analysis. Additional is necessary to analyze a regulatory environment which to assess this data suitability and compliance in the forest industry as well the key problems and failures.