Latvia vs Panama: Manufacturing, value added
Manufacturing, value added over time
- Latvia
- Panama
How they compare
Latvia currently reports 4.86 billion current US$ against 4.34 billion current US$ in Panama, a difference of 516.97 million current US$.
That makes Latvia's figure about 1.1 times Panama's.
The two have swapped places 5 times across 31 shared years of data; in 1995 it was Panama ahead.
Latvia ranks 96th and Panama ranks 99th of 202 countries.
Across the 4 decades both report, Latvia averaged higher in 3 and Panama in 1.
Head to head by decade
| Decade | Latvia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.06 billion current US$ | 1.19 billion current US$ | 126.55 million current US$ | Panama |
| 2000s | 2.01 billion current US$ | 1.36 billion current US$ | 643.98 million current US$ | Latvia |
| 2010s | 3.21 billion current US$ | 3.20 billion current US$ | 17.48 million current US$ | Latvia |
| 2020s | 4.53 billion current US$ | 3.91 billion current US$ | 623.88 million current US$ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher manufacturing, value added, Latvia or Panama?
- Latvia, at 4.86 billion current US$ against 4.34 billion current US$ in Panama as of 2025.
- What is the difference in manufacturing, value added between Latvia and Panama?
- 516.97 million current US$, with Latvia ahead.
- How many years of comparable data are there for Latvia and Panama?
- 31 years are reported by both, from 1995 to 2025.
- How do Latvia and Panama rank globally for manufacturing, value added?
- Latvia ranks 96th and Panama ranks 99th of 202 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Manufacturing, value added (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.