Industry (including construction), value added in Latvia
Latvia: Industry (including construction), value added was 18.7% in 2025. ▼ Falling
Industry (including construction), value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Latvia is 18.7%, measured in 2025.
Compared with earlier readings it is up 0.8% on the previous year and down 5.6% over ten years.
Over the whole period, industry (including construction), value added in Latvia peaked at 28.7% in 1997 and was at its lowest, 18.5%, in 2024.
Latvia ranks 137th of 207 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Industry (including construction), value added in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 27.5% | — |
| 1996 | 27.3% | -0.9% |
| 1997 | 28.7% | +5.0% |
| 1998 | 26.4% | -7.8% |
| 1999 | 25.4% | -4.0% |
| 2000 | 24.2% | -4.5% |
| 2001 | 23.3% | -4.0% |
| 2002 | 23.4% | +0.5% |
| 2003 | 22.3% | -4.6% |
| 2004 | 22.3% | +0.3% |
| 2005 | 21.0% | -5.8% |
| 2006 | 21.9% | +4.0% |
| 2007 | 22.8% | +4.0% |
| 2008 | 22.8% | +0.4% |
| 2009 | 21.5% | -5.8% |
| 2010 | 20.9% | -3.1% |
| 2011 | 21.4% | +2.7% |
| 2012 | 21.4% | -0.0% |
| 2013 | 20.8% | -2.8% |
| 2014 | 19.6% | -5.8% |
| 2015 | 19.8% | +0.8% |
| 2016 | 19.2% | -3.1% |
| 2017 | 19.8% | +3.2% |
| 2018 | 19.3% | -2.2% |
| 2019 | 19.6% | +1.3% |
| 2020 | 20.3% | +3.8% |
| 2021 | 21.1% | +3.7% |
| 2022 | 20.6% | -2.4% |
| 2023 | 20.1% | -2.2% |
| 2024 | 18.5% | -7.9% |
| 2025 | 18.7% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.0% | 25.4% | 28.7% | 5 |
| 2000s | 22.5% | 21.0% | 24.2% | 10 |
| 2010s | 20.2% | 19.2% | 21.4% | 10 |
| 2020s | 19.9% | 18.5% | 21.1% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- 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)
- Services, value added (current LCU), per capita 14,960 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.64 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4253 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 11,190 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
Frequently asked questions
- What is industry (including construction), value added in Latvia?
- Industry (including construction), value added in Latvia was 18.7% 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 28.7% in 1997.
- What is the lowest industry (including construction), value added recorded in Latvia?
- The lowest recorded value was 18.5% in 2024.
- How does Latvia rank for industry (including construction), value added?
- Latvia ranks 137th out of 207 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Latvia?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.