Industry (including construction), value added … unit GDP 2015 in Latvia
Latvia: Industry (including construction), value added … unit GDP 2015 was 0.1132 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile
Industry (including construction), value added (constant 2015 US$) in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Latvia recorded 0.1132 constant 2015 US$ per US$ of GDP for industry (including construction), value added (constant 2015 us$) in 2025. That is the lowest value across all 31 years on record.
That represents a change of down 5.5% on the previous year and down 42.8% over ten years.
Over the whole period, industry (including construction), value added (constant 2015 us$) in Latvia peaked at 0.5531 constant 2015 US$ per US$ of GDP in 1997 and was at its lowest, 0.1132 constant 2015 US$ per US$ of GDP, in 2025.
Latvia ranks 162nd of 195 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added … unit GDP 2015 in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.5342 constant 2015 US$ per US$ of GDP | — |
| 1996 | 0.5344 constant 2015 US$ per US$ of GDP | +0.0% |
| 1997 | 0.5531 constant 2015 US$ per US$ of GDP | +3.5% |
| 1998 | 0.5384 constant 2015 US$ per US$ of GDP | -2.7% |
| 1999 | 0.5113 constant 2015 US$ per US$ of GDP | -5.0% |
| 2000 | 0.4969 constant 2015 US$ per US$ of GDP | -2.8% |
| 2001 | 0.4933 constant 2015 US$ per US$ of GDP | -0.7% |
| 2002 | 0.4855 constant 2015 US$ per US$ of GDP | -1.6% |
| 2003 | 0.4255 constant 2015 US$ per US$ of GDP | -12.4% |
| 2004 | 0.3728 constant 2015 US$ per US$ of GDP | -12.4% |
| 2005 | 0.3385 constant 2015 US$ per US$ of GDP | -9.2% |
| 2006 | 0.31 constant 2015 US$ per US$ of GDP | -8.4% |
| 2007 | 0.2289 constant 2015 US$ per US$ of GDP | -26.2% |
| 2008 | 0.1889 constant 2015 US$ per US$ of GDP | -17.5% |
| 2009 | 0.1914 constant 2015 US$ per US$ of GDP | +1.3% |
| 2010 | 0.1957 constant 2015 US$ per US$ of GDP | +2.2% |
| 2011 | 0.1813 constant 2015 US$ per US$ of GDP | -7.4% |
| 2012 | 0.1883 constant 2015 US$ per US$ of GDP | +3.8% |
| 2013 | 0.174 constant 2015 US$ per US$ of GDP | -7.6% |
| 2014 | 0.1637 constant 2015 US$ per US$ of GDP | -5.9% |
| 2015 | 0.1978 constant 2015 US$ per US$ of GDP | +20.9% |
| 2016 | 0.1918 constant 2015 US$ per US$ of GDP | -3.1% |
| 2017 | 0.1902 constant 2015 US$ per US$ of GDP | -0.8% |
| 2018 | 0.1735 constant 2015 US$ per US$ of GDP | -8.8% |
| 2019 | 0.1742 constant 2015 US$ per US$ of GDP | +0.4% |
| 2020 | 0.1751 constant 2015 US$ per US$ of GDP | +0.5% |
| 2021 | 0.1589 constant 2015 US$ per US$ of GDP | -9.2% |
| 2022 | 0.1468 constant 2015 US$ per US$ of GDP | -7.6% |
| 2023 | 0.1277 constant 2015 US$ per US$ of GDP | -13.0% |
| 2024 | 0.1199 constant 2015 US$ per US$ of GDP | -6.1% |
| 2025 | 0.1132 constant 2015 US$ per US$ of GDP | -5.5% |
Latvia compared with similar countries
- Latvia's 0.1132 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.1675 constant 2015 US$ per US$ of GDP, 68% of the median. (69 countries reporting)
- Latvia's 0.1132 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.1466 constant 2015 US$ per US$ of GDP, 77% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5343 constant 2015 US$ per US$ of GDP | 0.5113 constant 2015 US$ per US$ of GDP | 0.5531 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.3532 constant 2015 US$ per US$ of GDP | 0.1889 constant 2015 US$ per US$ of GDP | 0.4969 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.183 constant 2015 US$ per US$ of GDP | 0.1637 constant 2015 US$ per US$ of GDP | 0.1978 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.1403 constant 2015 US$ per US$ of GDP | 0.1132 constant 2015 US$ per US$ of GDP | 0.1751 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 159 Guinea-Bissau 0.1163 constant 2015 US$ per US$ of GDP compare
- 160 Estonia 0.1142 constant 2015 US$ per US$ of GDP compare
- 161 Iceland 0.1135 constant 2015 US$ per US$ of GDP compare
- 163 Nepal 0.1118 constant 2015 US$ per US$ of GDP compare
- 164 Vanuatu 0.1111 constant 2015 US$ per US$ of GDP compare
- 165 Kiribati 0.105 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (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 0.1132 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest industry (including construction), value added (constant 2015 us$) recorded in Latvia?
- The highest recorded value was 0.5531 constant 2015 US$ per US$ of GDP in 1997.
- What is the lowest industry (including construction), value added (constant 2015 us$) recorded in Latvia?
- The lowest recorded value was 0.1132 constant 2015 US$ per US$ of GDP in 2025.
- How does Latvia rank for industry (including construction), value added (constant 2015 us$)?
- Latvia ranks 162nd out of 195 countries with data for 2025.
- Is industry (including construction), value added (constant 2015 us$) rising or falling in Latvia?
- Over the last ten years it is down 42.8%. The long-run trend across the full record is volatile.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Industry (including construction), value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Industry (including construction), value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Industry (including construction), value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Industry (including construction), value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.