Industry (including construction), value added in Latvia
Latvia: Industry (including construction), value added was 9.08 billion current US$ in 2025. ▲ Rising
Industry (including construction), value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for industry (including construction), value added in Latvia is 9.08 billion current US$, measured in 2025. That is the highest value across all 31 years on record.
The figure is up 11.3% on the previous year and up 74.3% over ten years.
Over the whole period, industry (including construction), value added in Latvia peaked at 9.08 billion current US$ in 2025 and was at its lowest, 1.54 billion current US$, in 1995.
Latvia ranks 107th of 209 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Industry (including construction), value added in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 1.54 billion current US$ | — |
| 1996 | 1.58 billion current US$ | +2.5% |
| 1997 | 1.82 billion current US$ | +15.0% |
| 1998 | 1.84 billion current US$ | +1.2% |
| 1999 | 1.86 billion current US$ | +0.9% |
| 2000 | 1.88 billion current US$ | +1.2% |
| 2001 | 1.90 billion current US$ | +1.3% |
| 2002 | 2.16 billion current US$ | +13.4% |
| 2003 | 2.50 billion current US$ | +15.9% |
| 2004 | 3.09 billion current US$ | +23.3% |
| 2005 | 3.43 billion current US$ | +11.1% |
| 2006 | 4.47 billion current US$ | +30.3% |
| 2007 | 6.69 billion current US$ | +49.7% |
| 2008 | 7.80 billion current US$ | +16.5% |
| 2009 | 5.53 billion current US$ | -29.1% |
| 2010 | 4.90 billion current US$ | -11.5% |
| 2011 | 5.69 billion current US$ | +16.3% |
| 2012 | 5.81 billion current US$ | +2.0% |
| 2013 | 6.07 billion current US$ | +4.5% |
| 2014 | 5.94 billion current US$ | -2.1% |
| 2015 | 5.21 billion current US$ | -12.3% |
| 2016 | 5.20 billion current US$ | -0.3% |
| 2017 | 5.81 billion current US$ | +11.8% |
| 2018 | 6.43 billion current US$ | +10.7% |
| 2019 | 6.49 billion current US$ | +0.9% |
| 2020 | 6.79 billion current US$ | +4.6% |
| 2021 | 8.05 billion current US$ | +18.7% |
| 2022 | 7.82 billion current US$ | -2.9% |
| 2023 | 8.61 billion current US$ | +10.1% |
| 2024 | 8.16 billion current US$ | -5.3% |
| 2025 | 9.08 billion current US$ | +11.3% |
Latvia compared with similar countries
- Latvia's 9.08 billion current US$ is below the median for high income countries, which is 25.19 billion current US$, 36% of the median. (77 countries reporting)
- Latvia's 9.08 billion current US$ is below the median for Europe & Central Asia, which is 28.62 billion current US$, 32% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.73 billion current US$ | 1.54 billion current US$ | 1.86 billion current US$ | 5 |
| 2000s | 3.95 billion current US$ | 1.88 billion current US$ | 7.80 billion current US$ | 10 |
| 2010s | 5.75 billion current US$ | 4.90 billion current US$ | 6.49 billion current US$ | 10 |
| 2020s | 8.09 billion current US$ | 6.79 billion current US$ | 9.08 billion current US$ | 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 9.08 billion current US$ 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 9.08 billion current US$ in 2025.
- What is the lowest industry (including construction), value added recorded in Latvia?
- The lowest recorded value was 1.54 billion current US$ in 1995.
- How does Latvia rank for industry (including construction), value added?
- Latvia ranks 107th 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 74.3%. 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 (current US$). 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 indicator is expressed in United States dollars.