Industry (including construction), value added in Latvia
Latvia: Industry (including construction), value added was 5.60 billion constant LCU in 2025. ▲ Rising
Industry (including construction), value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Latvia recorded 5.60 billion constant LCU for industry (including construction), value added in 2025.
Compared with earlier readings it is up 4.4% on the previous year and up 5.6% over ten years.
Over the whole period, industry (including construction), value added in Latvia peaked at 6.85 billion constant LCU in 2007 and was at its lowest, 3.05 billion constant LCU, in 1995.
That places Latvia 155th out of 200 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Industry (including construction), value added in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 3.05 billion constant LCU | — |
| 1996 | 3.15 billion constant LCU | +3.5% |
| 1997 | 3.57 billion constant LCU | +13.3% |
| 1998 | 3.82 billion constant LCU | +6.9% |
| 1999 | 3.81 billion constant LCU | -0.3% |
| 2000 | 3.92 billion constant LCU | +3.0% |
| 2001 | 4.11 billion constant LCU | +4.8% |
| 2002 | 4.57 billion constant LCU | +11.1% |
| 2003 | 4.86 billion constant LCU | +6.5% |
| 2004 | 5.24 billion constant LCU | +7.8% |
| 2005 | 5.61 billion constant LCU | +7.1% |
| 2006 | 6.44 billion constant LCU | +14.8% |
| 2007 | 6.85 billion constant LCU | +6.3% |
| 2008 | 6.56 billion constant LCU | -4.2% |
| 2009 | 5.00 billion constant LCU | -23.7% |
| 2010 | 4.67 billion constant LCU | -6.6% |
| 2011 | 4.90 billion constant LCU | +4.9% |
| 2012 | 5.19 billion constant LCU | +6.0% |
| 2013 | 5.16 billion constant LCU | -0.6% |
| 2014 | 5.04 billion constant LCU | -2.3% |
| 2015 | 5.30 billion constant LCU | +5.2% |
| 2016 | 5.29 billion constant LCU | -0.2% |
| 2017 | 5.68 billion constant LCU | +7.5% |
| 2018 | 5.86 billion constant LCU | +3.2% |
| 2019 | 5.86 billion constant LCU | -0.0% |
| 2020 | 5.94 billion constant LCU | +1.4% |
| 2021 | 6.17 billion constant LCU | +3.8% |
| 2022 | 5.67 billion constant LCU | -8.1% |
| 2023 | 5.55 billion constant LCU | -2.1% |
| 2024 | 5.36 billion constant LCU | -3.4% |
| 2025 | 5.60 billion constant LCU | +4.4% |
Latvia compared with similar countries
- Latvia's 5.60 billion constant LCU is below the median for high income countries, which is 57.24 billion constant LCU, 10% of the median. (70 countries reporting)
- Latvia's 5.60 billion constant LCU is below the median for Europe & Central Asia, which is 99.16 billion constant LCU, 6% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.48 billion constant LCU | 3.05 billion constant LCU | 3.82 billion constant LCU | 5 |
| 2000s | 5.32 billion constant LCU | 3.92 billion constant LCU | 6.85 billion constant LCU | 10 |
| 2010s | 5.29 billion constant LCU | 4.67 billion constant LCU | 5.86 billion constant LCU | 10 |
| 2020s | 5.72 billion constant LCU | 5.36 billion constant LCU | 6.17 billion constant LCU | 6 |
Countries ranked near Latvia
- 152 El Salvador 7.41 billion constant LCU compare
- 153 Luxembourg 6.62 billion constant LCU compare
- 154 Bahrain 5.89 billion constant LCU compare
- 156 Tajikistan 5.40 billion constant LCU compare
- 157 South Sudan 5.29 billion constant LCU compare
- 158 Estonia 5.16 billion constant LCU compare
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 5.60 billion constant LCU 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 6.85 billion constant LCU in 2007.
- What is the lowest industry (including construction), value added recorded in Latvia?
- The lowest recorded value was 3.05 billion constant LCU in 1995.
- How does Latvia rank for industry (including construction), value added?
- Latvia ranks 155th out of 200 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Latvia?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is rising.
- 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 (constant LCU). Statizoid updates them automatically from the source API.
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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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.