Manufacturing, value added (constant 2015 US$), per unit of GDP (unit) in Latvia
Latvia: Manufacturing, value added (constant 2015 US$), per unit of GDP (unit) was 0.073 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile
Manufacturing, value added (constant 2015 US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Latvia recorded 0.073 constant 2015 US$ per US$ of GDP for manufacturing, value added (constant 2015 us$), per unit of gdp in 2025. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 5.2% on the previous year and down 32.7% over ten years.
Over the whole period, manufacturing, value added (constant 2015 us$), per unit of gdp in Latvia peaked at 0.3155 constant 2015 US$ per US$ of GDP in 1997 and was at its lowest, 0.073 constant 2015 US$ per US$ of GDP, in 2025.
That places Latvia 112th out of 185 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added (constant 2015 US$), per unit of GDP (unit) in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.2951 constant 2015 US$ per US$ of GDP | — |
| 1996 | 0.2961 constant 2015 US$ per US$ of GDP | +0.3% |
| 1997 | 0.3155 constant 2015 US$ per US$ of GDP | +6.6% |
| 1998 | 0.3014 constant 2015 US$ per US$ of GDP | -4.5% |
| 1999 | 0.2753 constant 2015 US$ per US$ of GDP | -8.7% |
| 2000 | 0.2775 constant 2015 US$ per US$ of GDP | +0.8% |
| 2001 | 0.2817 constant 2015 US$ per US$ of GDP | +1.5% |
| 2002 | 0.2781 constant 2015 US$ per US$ of GDP | -1.3% |
| 2003 | 0.2361 constant 2015 US$ per US$ of GDP | -15.1% |
| 2004 | 0.2042 constant 2015 US$ per US$ of GDP | -13.5% |
| 2005 | 0.182 constant 2015 US$ per US$ of GDP | -10.8% |
| 2006 | 0.156 constant 2015 US$ per US$ of GDP | -14.3% |
| 2007 | 0.1076 constant 2015 US$ per US$ of GDP | -31.1% |
| 2008 | 0.086 constant 2015 US$ per US$ of GDP | -20.0% |
| 2009 | 0.0893 constant 2015 US$ per US$ of GDP | +3.9% |
| 2010 | 0.1115 constant 2015 US$ per US$ of GDP | +24.8% |
| 2011 | 0.1005 constant 2015 US$ per US$ of GDP | -9.8% |
| 2012 | 0.1034 constant 2015 US$ per US$ of GDP | +2.8% |
| 2013 | 0.0954 constant 2015 US$ per US$ of GDP | -7.7% |
| 2014 | 0.0904 constant 2015 US$ per US$ of GDP | -5.3% |
| 2015 | 0.1085 constant 2015 US$ per US$ of GDP | +20.0% |
| 2016 | 0.1072 constant 2015 US$ per US$ of GDP | -1.2% |
| 2017 | 0.1056 constant 2015 US$ per US$ of GDP | -1.4% |
| 2018 | 0.1003 constant 2015 US$ per US$ of GDP | -5.0% |
| 2019 | 0.1018 constant 2015 US$ per US$ of GDP | +1.5% |
| 2020 | 0.1017 constant 2015 US$ per US$ of GDP | -0.1% |
| 2021 | 0.098 constant 2015 US$ per US$ of GDP | -3.7% |
| 2022 | 0.0943 constant 2015 US$ per US$ of GDP | -3.7% |
| 2023 | 0.0819 constant 2015 US$ per US$ of GDP | -13.2% |
| 2024 | 0.077 constant 2015 US$ per US$ of GDP | -6.0% |
| 2025 | 0.073 constant 2015 US$ per US$ of GDP | -5.2% |
Latvia compared with similar countries
- Latvia's 0.073 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.0802 constant 2015 US$ per US$ of GDP, 91% of the median. (67 countries reporting)
- Latvia's 0.073 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.0828 constant 2015 US$ per US$ of GDP, 88% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2967 constant 2015 US$ per US$ of GDP | 0.2753 constant 2015 US$ per US$ of GDP | 0.3155 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.1899 constant 2015 US$ per US$ of GDP | 0.086 constant 2015 US$ per US$ of GDP | 0.2817 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.1025 constant 2015 US$ per US$ of GDP | 0.0904 constant 2015 US$ per US$ of GDP | 0.1115 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.0876 constant 2015 US$ per US$ of GDP | 0.073 constant 2015 US$ per US$ of GDP | 0.1017 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 109 New Zealand 0.0749 constant 2015 US$ per US$ of GDP compare
- 110 Guinea 0.0731 constant 2015 US$ per US$ of GDP compare
- 111 North Macedonia 0.073 constant 2015 US$ per US$ of GDP compare
- 113 Sierra Leone 0.0726 constant 2015 US$ per US$ of GDP compare
- 114 Qatar 0.0713 constant 2015 US$ per US$ of GDP compare
- 115 Bosnia and Herzegovina 0.07 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 manufacturing, value added (constant 2015 us$), per unit of gdp in Latvia?
- Manufacturing, value added (constant 2015 us$), per unit of gdp in Latvia was 0.073 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest manufacturing, value added (constant 2015 us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.3155 constant 2015 US$ per US$ of GDP in 1997.
- What is the lowest manufacturing, value added (constant 2015 us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.073 constant 2015 US$ per US$ of GDP in 2025.
- How does Latvia rank for manufacturing, value added (constant 2015 us$), per unit of gdp?
- Latvia ranks 112th out of 185 countries with data for 2025.
- Is manufacturing, value added (constant 2015 us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 32.7%. 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 Manufacturing, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Manufacturing, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Manufacturing, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Manufacturing, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Manufacturing, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.