Sewage sludge is a type of waste that has high health and environmental risks associated with its reuse. Moreover, sludge has been neglected in global circular economy targets because it is generated in considerably lower quantities than municipal solid waste. At the same time, European Union's transition towards circular economy has set the need to reduce the amount of waste and to promote the production of secondary raw materials. Many countries have developed national strategies for sludge management to reach their sustainability goals. In Latvia, the current sludge management approaches include land application, composting and anaerobic digestion which all utilize sludge as an organic fertilizer. As an alternative to current management practices, resource recovery is put forward as a solution that is in agreement with EU policy. Carbohydrates (including cellulose), proteins and lipids were selected as candidates for energy and materials recovery from sludge. For the first time, this study demonstrates a comprehensive assessment of Latvian municipal sewage sludge composition and offers the theoretical yields of secondary resources on a yearly basis. Primary, secondary, and anaerobically digested sludge from 13 wastewater treatment plants (WWTPs) in Latvia was characterized in this study. The most abundant sludge type – secondary sludge – contained 18.5% proteins, 9.8% lipids and 2.6% cellulose per TS. On a yearly basis, secondary sludge from all Latvian WWTPs could provide 2530 t proteins, corresponding to 750 t protein-based fertilizer. Primary sludge contained 23.9% proteins, 9.1% lipids and 7.1% cellulose per TS. Primary sludge could provide 763 t/a carbohydrates, including 545 t/a cellulose. The currently available secondary and digested sludge would yield 727 t bioethanol, corresponding to 4.0% of the national biofuel consumption. This work applies the concept of resource recovery to the Latvian wastewater sector and shows the potential of simultaneously addressing waste and wastewater management issues.