Manufacturing, value added in Latvia
Latvia: Manufacturing, value added was 3.55 billion constant 2015 US$ in 2025. ▲ Rising
Manufacturing, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for manufacturing, value added in Latvia is 3.55 billion constant 2015 US$, measured in 2025.
The figure is up 4.7% on the previous year and up 24.2% over ten years.
Over the whole period, manufacturing, value added in Latvia peaked at 3.74 billion constant 2015 US$ in 2021 and was at its lowest, 1.66 billion constant 2015 US$, in 1995.
That places Latvia 95th out of 184 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.90 billion constant 2015 US$ | 1.66 billion constant 2015 US$ | 2.10 billion constant 2015 US$ | 5 |
| 2000s | 2.71 billion constant 2015 US$ | 2.15 billion constant 2015 US$ | 3.19 billion constant 2015 US$ | 10 |
| 2010s | 2.92 billion constant 2015 US$ | 2.62 billion constant 2015 US$ | 3.37 billion constant 2015 US$ | 10 |
| 2020s | 3.53 billion constant 2015 US$ | 3.39 billion constant 2015 US$ | 3.74 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 92 El Salvador 3.78 billion constant 2015 US$ compare
- 93 Hong Kong 3.77 billion constant 2015 US$ compare
- 94 Panama 3.64 billion constant 2015 US$ compare
- 96 Trinidad and Tobago 3.28 billion constant 2015 US$ compare
- 97 Estonia 3.25 billion constant 2015 US$ compare
- 98 Gabon 3.12 billion constant 2015 US$ compare
More economy & growth data for Latvia
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is manufacturing, value added in Latvia?
- Manufacturing, value added in Latvia was 3.55 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Latvia?
- The highest recorded value was 3.74 billion constant 2015 US$ in 2021.
- What is the lowest manufacturing, value added recorded in Latvia?
- The lowest recorded value was 1.66 billion constant 2015 US$ in 1995.
- How does Latvia rank for manufacturing, value added?
- Latvia ranks 95th out of 184 countries with data for 2025.
- Is manufacturing, value added rising or falling in Latvia?
- Over the last ten years it is up 24.2%. 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 Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 is 2015. This indicator is expressed in United States dollars.