Industry (including construction), value added in Latvia
Latvia: Industry (including construction), value added was 4.4% in 2025. ◆ Volatile
Industry (including construction), value added in Latvia, 1996–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2025, industry (including construction), value added in Latvia stood at 4.4%.
The figure is up 227.6% on the previous year and down 15.4% over ten years.
Over the whole period, industry (including construction), value added in Latvia peaked at 14.8% in 2006 and was at its lowest, -23.7%, in 2009.
That places Latvia 68th out of 199 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Latvia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 3.5% | — |
| 1997 | 13.3% | +285.8% |
| 1998 | 6.9% | -48.1% |
| 1999 | -0.3% | -103.7% |
| 2000 | 3.0% | -1247.1% |
| 2001 | 4.8% | +60.3% |
| 2002 | 11.1% | +133.9% |
| 2003 | 6.5% | -41.3% |
| 2004 | 7.8% | +18.8% |
| 2005 | 7.1% | -8.8% |
| 2006 | 14.8% | +108.7% |
| 2007 | 6.3% | -57.3% |
| 2008 | -4.2% | -167.2% |
| 2009 | -23.7% | +460.7% |
| 2010 | -6.6% | -72.1% |
| 2011 | 4.9% | -174.2% |
| 2012 | 6.0% | +21.3% |
| 2013 | -0.6% | -110.6% |
| 2014 | -2.3% | +266.1% |
| 2015 | 5.2% | -323.8% |
| 2016 | -0.2% | -104.2% |
| 2017 | 7.5% | -3544.1% |
| 2018 | 3.2% | -57.4% |
| 2019 | -0.0% | -101.1% |
| 2020 | 1.4% | -4118.3% |
| 2021 | 3.8% | +180.3% |
| 2022 | -8.1% | -311.5% |
| 2023 | -2.1% | -74.1% |
| 2024 | -3.4% | +64.3% |
| 2025 | 4.4% | -227.6% |
Latvia compared with similar countries
- Latvia's 4.4% is above the median for high income countries, which is 1.9%, 2.3× the median. (69 countries reporting)
- Latvia's 4.4% is above the median for Europe & Central Asia, which is 1.4%, 3.1× the median. (53 countries reporting)
Biggest year-on-year movements
Years where Industry (including construction), value added in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +4118.3% | -0.0% | 1.4% |
| 2017 | +3544.1% | -0.2% | 7.5% |
| 2000 | +1247.1% | -0.3% | 3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.9% | -0.3% | 13.3% | 4 |
| 2000s | 3.3% | -23.7% | 14.8% | 10 |
| 2010s | 1.7% | -6.6% | 7.5% | 10 |
| 2020s | -0.7% | -8.1% | 4.4% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is industry (including construction), value added in Latvia?
- Industry (including construction), value added in Latvia was 4.4% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Latvia?
- The highest recorded value was 14.8% in 2006.
- What is the lowest industry (including construction), value added recorded in Latvia?
- The lowest recorded value was -23.7% in 2009.
- How does Latvia rank for industry (including construction), value added?
- Latvia ranks 68th out of 199 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Latvia?
- Over the last ten years it is down 15.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.