Manufacturing value added to gdp in Latvia
Latvia: Manufacturing value added to gdp was 9.99 in 2025. ▼ Falling
Latest (2025)
9.99
Change on year
up 0.4%
World rank
101st
of 202 countries
All-time high
18.73
in 1997
All-time low
9.95
in 2024
Years of data
31
1995–2025
Manufacturing value added to gdp in Latvia, 1995–2025
Source: Our World in Data.
Analysis
The most recent figure for manufacturing value added to gdp in Latvia is 9.99, measured 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 to gdp in Latvia peaked at 18.73 in 1997 and was at its lowest, 9.95, in 2024.
That places Latvia 101st out of 202 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 to gdp in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 18.19 | — |
| 1996 | 17.6 | -3.2% |
| 1997 | 18.73 | +6.5% |
| 1998 | 15.2 | -18.9% |
| 1999 | 13.93 | -8.3% |
| 2000 | 13.95 | +0.1% |
| 2001 | 13.89 | -0.5% |
| 2002 | 13.99 | +0.8% |
| 2003 | 12.94 | -7.5% |
| 2004 | 12.79 | -1.1% |
| 2005 | 11.89 | -7.1% |
| 2006 | 11.14 | -6.3% |
| 2007 | 10.58 | -5.1% |
| 2008 | 10.09 | -4.6% |
| 2009 | 10 | -0.9% |
| 2010 | 12.14 | +21.4% |
| 2011 | 12.17 | +0.2% |
| 2012 | 11.81 | -2.9% |
| 2013 | 11.51 | -2.6% |
| 2014 | 10.9 | -5.3% |
| 2015 | 10.85 | -0.5% |
| 2016 | 10.54 | -2.8% |
| 2017 | 10.87 | +3.2% |
| 2018 | 10.94 | +0.6% |
| 2019 | 11.02 | +0.7% |
| 2020 | 11.48 | +4.2% |
| 2021 | 12.85 | +11.9% |
| 2022 | 11.99 | -6.7% |
| 2023 | 10.88 | -9.2% |
| 2024 | 9.95 | -8.6% |
| 2025 | 9.99 | +0.4% |
Latvia compared with similar countries
- Latvia's 9.99 is above the median for high income countries, which is 9.49, 1.1× the median. (75 countries reporting)
- Latvia's 9.99 is below the median for Europe & Central Asia, which is 12.03, 83% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.73 | 13.93 | 18.73 | 5 |
| 2000s | 12.13 | 10 | 13.99 | 10 |
| 2010s | 11.28 | 10.54 | 12.17 | 10 |
| 2020s | 11.19 | 9.95 | 12.85 | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is manufacturing value added to gdp in Latvia?
- Manufacturing value added to gdp in Latvia was 9.99 in 2025, according to Our World in Data.
- What is the highest manufacturing value added to gdp recorded in Latvia?
- The highest recorded value was 18.73 in 1997.
- What is the lowest manufacturing value added to gdp recorded in Latvia?
- The lowest recorded value was 9.95 in 2024.
- How does Latvia rank for manufacturing value added to gdp?
- Latvia ranks 101st out of 202 countries with data for 2025.
- Is manufacturing value added to gdp 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 Our World in Data, published as part of Manufacturing value added to gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).