Iceland vs Latvia: Industry (including construction), value added (constant 2015 US$)

Iceland
0.1135 constant 2015 US$ per US$ of GDP
in 2025
Latvia
0.1132 constant 2015 US$ per US$ of GDP
in 2025
Iceland rank
161st
Latvia rank
162nd

Industry (including construction), value added (constant 2015 US$) over time

  • Iceland
  • Latvia
0.10.20.30.40.50.6199520102025

How they compare

Iceland currently reports 0.1135 constant 2015 US$ per US$ of GDP against 0.1132 constant 2015 US$ per US$ of GDP in Latvia, a difference of 0.0003 constant 2015 US$ per US$ of GDP.

The two have swapped places 3 times across 31 shared years of data; in 1995 it was Latvia ahead.

Iceland ranks 161st and Latvia ranks 162nd of 195 countries.

Across the 4 decades both report, Iceland averaged higher in 2 and Latvia in 2.

Head to head by decade

Decade Iceland Latvia Difference Ahead
1990s 0.2791 constant 2015 US$ per US$ of GDP 0.5343 constant 2015 US$ per US$ of GDP 0.2552 constant 2015 US$ per US$ of GDP Latvia
2000s 0.2307 constant 2015 US$ per US$ of GDP 0.3532 constant 2015 US$ per US$ of GDP 0.1225 constant 2015 US$ per US$ of GDP Latvia
2010s 0.1836 constant 2015 US$ per US$ of GDP 0.183 constant 2015 US$ per US$ of GDP 0.0006 constant 2015 US$ per US$ of GDP Iceland
2020s 0.1421 constant 2015 US$ per US$ of GDP 0.1403 constant 2015 US$ per US$ of GDP 0.0018 constant 2015 US$ per US$ of GDP Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher industry (including construction), value added (constant 2015 us$), Iceland or Latvia?
Iceland, at 0.1135 constant 2015 US$ per US$ of GDP against 0.1132 constant 2015 US$ per US$ of GDP in Latvia as of 2025.
What is the difference in industry (including construction), value added (constant 2015 us$) between Iceland and Latvia?
0.0003 constant 2015 US$ per US$ of GDP, with Iceland ahead.
How many years of comparable data are there for Iceland and Latvia?
31 years are reported by both, from 1995 to 2025.
How do Iceland and Latvia rank globally for industry (including construction), value added (constant 2015 us$)?
Iceland ranks 161st and Latvia ranks 162nd of 195 countries.
Where does this data come from?
Statizoid (derived), published as Industry (including construction), value added (constant 2015 US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Latvia: Industry (including construction), value added (constant 2015 US$). Statizoid, drawing on Statizoid (derived). Retrieved 05 September 2026, from https://economy.statizoid.com/compare/industry-including-construction-value-added-constant-2015-us-per-unit-of-gdp/iceland/latvia/

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About this data

Indicator
Industry (including construction), value added (constant 2015 US$), per unit of GDP
Unit
constant 2015 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
240 places, 10,357 data points, 1960–2025
Last refreshed

Industry (including construction), value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.