Researches have been performed, and indicators developed to evaluate separate economy sector sustainability or impact of a separate factor that includes bioeconomy context. However, the indicators used till this moment did not answer the question – where and which bioeconomy sectors are better to develop. Therefore within this research a method for complex analysis performance was developed to define regions in national level for certain bioeconomiy sector development, which based on certain exploitation of bioresources. Developed method is composed of indicator analysis, correlation and regression analysis and mapping. In the result, a visual answer is given to the researched question. For the method approbation Latvia is taken as an example to evaluate the establishment of new wood processing enterprise in the context of bioeconomy with the most appropriate location and taking into account resource and labour availability and existing competition.