Manufacturing, value added in Latvia
Latvia: Manufacturing, value added was 4.86 billion current US$ in 2025. ▲ Rising
Manufacturing, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, manufacturing, value added in Latvia stood at 4.86 billion current US$.
Compared with earlier readings it is up 10.9% on the previous year and up 69.9% over ten years.
Over the whole period, manufacturing, value added in Latvia peaked at 4.91 billion current US$ in 2021 and was at its lowest, 1.02 billion current US$, in 1995.
That places Latvia 96th out of 202 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.06 billion current US$ | 1.02 billion current US$ | 1.19 billion current US$ | 5 |
| 2000s | 2.01 billion current US$ | 1.08 billion current US$ | 3.44 billion current US$ | 10 |
| 2010s | 3.21 billion current US$ | 2.85 billion current US$ | 3.65 billion current US$ | 10 |
| 2020s | 4.53 billion current US$ | 3.83 billion current US$ | 4.91 billion current US$ | 6 |
Countries ranked near Latvia
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 4.86 billion current 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 4.91 billion current US$ in 2021.
- What is the lowest manufacturing, value added recorded in Latvia?
- The lowest recorded value was 1.02 billion current US$ in 1995.
- How does Latvia rank for manufacturing, value added?
- Latvia ranks 96th out of 202 countries with data for 2025.
- Is manufacturing, value added rising or falling in Latvia?
- Over the last ten years it is up 69.9%. 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 (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.