Industry (including construction), value added (constant 2015 US$) in Latvia
Latvia: Industry (including construction), value added (constant 2015 US$) was 2,979 constant 2015 US$ per person in 2025. ▲ Rising
Industry (including construction), value added (constant 2015 US$) in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
Latvia recorded 2,979 constant 2015 US$ per person for industry (including construction), value added (constant 2015 us$) in 2025.
The figure is up 5.4% on the previous year and up 13.0% over ten years.
Over the whole period, industry (including construction), value added (constant 2015 us$) in Latvia peaked at 3,220 constant 2015 US$ per person in 2021 and was at its lowest, 1,206 constant 2015 US$ per person, in 1995.
That places Latvia 67th out of 195 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Industry (including construction), value added (constant 2015 US$) in Latvia, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1995 | 1,206 constant 2015 US$ per person | — |
| 1996 | 1,261 constant 2015 US$ per person | +4.6% |
| 1997 | 1,444 constant 2015 US$ per person | +14.4% |
| 1998 | 1,558 constant 2015 US$ per person | +7.9% |
| 1999 | 1,567 constant 2015 US$ per person | +0.6% |
| 2000 | 1,629 constant 2015 US$ per person | +4.0% |
| 2001 | 1,729 constant 2015 US$ per person | +6.1% |
| 2002 | 1,944 constant 2015 US$ per person | +12.4% |
| 2003 | 2,091 constant 2015 US$ per person | +7.6% |
| 2004 | 2,278 constant 2015 US$ per person | +8.9% |
| 2005 | 2,466 constant 2015 US$ per person | +8.2% |
| 2006 | 2,856 constant 2015 US$ per person | +15.8% |
| 2007 | 3,061 constant 2015 US$ per person | +7.2% |
| 2008 | 2,962 constant 2015 US$ per person | -3.2% |
| 2009 | 2,296 constant 2015 US$ per person | -22.5% |
| 2010 | 2,189 constant 2015 US$ per person | -4.7% |
| 2011 | 2,339 constant 2015 US$ per person | +6.8% |
| 2012 | 2,509 constant 2015 US$ per person | +7.3% |
| 2013 | 2,520 constant 2015 US$ per person | +0.4% |
| 2014 | 2,485 constant 2015 US$ per person | -1.4% |
| 2015 | 2,636 constant 2015 US$ per person | +6.0% |
| 2016 | 2,654 constant 2015 US$ per person | +0.7% |
| 2017 | 2,878 constant 2015 US$ per person | +8.5% |
| 2018 | 2,993 constant 2015 US$ per person | +4.0% |
| 2019 | 3,013 constant 2015 US$ per person | +0.7% |
| 2020 | 3,076 constant 2015 US$ per person | +2.1% |
| 2021 | 3,220 constant 2015 US$ per person | +4.7% |
| 2022 | 2,968 constant 2015 US$ per person | -7.8% |
| 2023 | 2,899 constant 2015 US$ per person | -2.3% |
| 2024 | 2,826 constant 2015 US$ per person | -2.5% |
| 2025 | 2,979 constant 2015 US$ per person | +5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,407 constant 2015 US$ per person | 1,206 constant 2015 US$ per person | 1,567 constant 2015 US$ per person | 5 |
| 2000s | 2,331 constant 2015 US$ per person | 1,629 constant 2015 US$ per person | 3,061 constant 2015 US$ per person | 10 |
| 2010s | 2,622 constant 2015 US$ per person | 2,189 constant 2015 US$ per person | 3,013 constant 2015 US$ per person | 10 |
| 2020s | 2,995 constant 2015 US$ per person | 2,826 constant 2015 US$ per person | 3,220 constant 2015 US$ per person | 6 |
Countries ranked near Latvia
- 64 Malta 3,360 constant 2015 US$ per person compare
- 65 Bahamas 3,117 constant 2015 US$ per person compare
- 66 Gabon 3,107 constant 2015 US$ per person compare
- 68 Romania 2,909 constant 2015 US$ per person compare
- 69 Mexico 2,896 constant 2015 US$ per person compare
- 70 Macao 2,882 constant 2015 US$ per person compare
More economy & growth data for Latvia
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), annual 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.1151 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 3,029 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.5685 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is industry (including construction), value added (constant 2015 us$) in Latvia?
- Industry (including construction), value added (constant 2015 us$) in Latvia was 2,979 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest industry (including construction), value added (constant 2015 us$) recorded in Latvia?
- The highest recorded value was 3,220 constant 2015 US$ per person in 2021.
- What is the lowest industry (including construction), value added (constant 2015 us$) recorded in Latvia?
- The lowest recorded value was 1,206 constant 2015 US$ per person in 1995.
- How does Latvia rank for industry (including construction), value added (constant 2015 us$)?
- Latvia ranks 67th out of 195 countries with data for 2025.
- Is industry (including construction), value added (constant 2015 us$) rising or falling in Latvia?
- Over the last ten years it is up 13.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Industry (including construction), value added (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Industry (including construction), value added (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Industry (including construction), value added (constant 2015 US$) ÷ Population, total
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Industry (including construction), value added (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.