Industry (including construction), value added (current LCU) in Latvia
Latvia: Industry (including construction), value added (current LCU) was 8.04 billion current LCU in 2025. ◆ Volatile
Industry (including construction), value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2025, industry (including construction), value added in Latvia stood at 8.04 billion current LCU. That is the highest value across all 31 years on record.
The figure is up 6.6% on the previous year and up 71.1% over ten years.
Over the whole period, industry (including construction), value added in Latvia peaked at 8.04 billion current LCU in 2025 and was at its lowest, 1.08 billion current LCU, in 1995.
That places Latvia 163rd out of 209 countries with data for 2025, putting it 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 (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 1.08 billion current LCU | — |
| 1996 | 1.24 billion current LCU | +14.5% |
| 1997 | 1.50 billion current LCU | +21.3% |
| 1998 | 1.55 billion current LCU | +2.8% |
| 1999 | 1.55 billion current LCU | +0.1% |
| 2000 | 1.62 billion current LCU | +4.9% |
| 2001 | 1.70 billion current LCU | +4.9% |
| 2002 | 1.90 billion current LCU | +11.7% |
| 2003 | 2.04 billion current LCU | +7.2% |
| 2004 | 2.37 billion current LCU | +16.6% |
| 2005 | 2.76 billion current LCU | +16.1% |
| 2006 | 3.56 billion current LCU | +29.3% |
| 2007 | 4.89 billion current LCU | +37.3% |
| 2008 | 5.33 billion current LCU | +9.0% |
| 2009 | 3.98 billion current LCU | -25.4% |
| 2010 | 3.70 billion current LCU | -7.1% |
| 2011 | 4.09 billion current LCU | +10.8% |
| 2012 | 4.52 billion current LCU | +10.4% |
| 2013 | 4.57 billion current LCU | +1.1% |
| 2014 | 4.47 billion current LCU | -2.2% |
| 2015 | 4.70 billion current LCU | +5.1% |
| 2016 | 4.70 billion current LCU | -0.0% |
| 2017 | 5.15 billion current LCU | +9.6% |
| 2018 | 5.45 billion current LCU | +5.9% |
| 2019 | 5.79 billion current LCU | +6.4% |
| 2020 | 5.94 billion current LCU | +2.5% |
| 2021 | 6.81 billion current LCU | +14.6% |
| 2022 | 7.43 billion current LCU | +9.1% |
| 2023 | 7.97 billion current LCU | +7.3% |
| 2024 | 7.54 billion current LCU | -5.4% |
| 2025 | 8.04 billion current LCU | +6.6% |
Latvia compared with similar countries
- Latvia's 8.04 billion current LCU is below the median for high income countries, which is 60.84 billion current LCU, 13% of the median. (77 countries reporting)
- Latvia's 8.04 billion current LCU is below the median for Europe & Central Asia, which is 108.46 billion current LCU, 7% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.38 billion current LCU | 1.08 billion current LCU | 1.55 billion current LCU | 5 |
| 2000s | 3.02 billion current LCU | 1.62 billion current LCU | 5.33 billion current LCU | 10 |
| 2010s | 4.71 billion current LCU | 3.70 billion current LCU | 5.79 billion current LCU | 10 |
| 2020s | 7.29 billion current LCU | 5.94 billion current LCU | 8.04 billion current LCU | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is industry (including construction), value added in Latvia?
- Industry (including construction), value added in Latvia was 8.04 billion current 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 8.04 billion current LCU in 2025.
- What is the lowest industry (including construction), value added recorded in Latvia?
- The lowest recorded value was 1.08 billion current LCU in 1995.
- How does Latvia rank for industry (including construction), value added?
- Latvia ranks 163rd out of 209 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Latvia?
- Over the last ten years it is up 71.1%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.