Manufacturing, value added in Latvia
Latvia: Manufacturing, value added was 10.0% in 2025. ▼ Falling
Manufacturing, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Latvia recorded 10.0% for manufacturing, value added in 2025.
That represents a change of up 0.4% on the previous year and down 7.9% over ten years.
Over the whole period, manufacturing, value added in Latvia peaked at 18.7% in 1997 and was at its lowest, 9.9%, in 2024.
That places Latvia 102nd out of 203 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Manufacturing, value added in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 18.2% | — |
| 1996 | 17.6% | -3.2% |
| 1997 | 18.7% | +6.5% |
| 1998 | 15.2% | -18.9% |
| 1999 | 13.9% | -8.3% |
| 2000 | 14.0% | +0.1% |
| 2001 | 13.9% | -0.5% |
| 2002 | 14.0% | +0.8% |
| 2003 | 12.9% | -7.5% |
| 2004 | 12.8% | -1.1% |
| 2005 | 11.9% | -7.1% |
| 2006 | 11.1% | -6.3% |
| 2007 | 10.6% | -5.1% |
| 2008 | 10.1% | -4.6% |
| 2009 | 10.0% | -0.9% |
| 2010 | 12.1% | +21.4% |
| 2011 | 12.2% | +0.2% |
| 2012 | 11.8% | -2.9% |
| 2013 | 11.5% | -2.6% |
| 2014 | 10.9% | -5.3% |
| 2015 | 10.8% | -0.5% |
| 2016 | 10.5% | -2.8% |
| 2017 | 10.9% | +3.2% |
| 2018 | 10.9% | +0.6% |
| 2019 | 11.0% | +0.7% |
| 2020 | 11.5% | +4.2% |
| 2021 | 12.8% | +11.9% |
| 2022 | 12.0% | -6.7% |
| 2023 | 10.9% | -9.2% |
| 2024 | 9.9% | -8.6% |
| 2025 | 10.0% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.7% | 13.9% | 18.7% | 5 |
| 2000s | 12.1% | 10.0% | 14.0% | 10 |
| 2010s | 11.3% | 10.5% | 12.2% | 10 |
| 2020s | 11.2% | 9.9% | 12.8% | 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 manufacturing, value added in Latvia?
- Manufacturing, value added in Latvia was 10.0% 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 18.7% in 1997.
- What is the lowest manufacturing, value added recorded in Latvia?
- The lowest recorded value was 9.9% in 2024.
- How does Latvia rank for manufacturing, value added?
- Latvia ranks 102nd out of 203 countries with data for 2025.
- Is manufacturing, value added rising or falling in Latvia?
- Over the last ten years it is down 7.9%. 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 Manufacturing, value added (% of GDP). 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 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.