Share of manufacturing in gross domestic product (GDP) in Latvia
Latvia: Share of manufacturing in gross domestic product (GDP) was 10.0% in 2025. ▼ Falling
Share of manufacturing in gross domestic product (GDP) in Latvia, 1995–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for share of manufacturing in gross domestic product (gdp) in Latvia is 10.0%, 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, share of manufacturing in gross domestic product (gdp) in Latvia peaked at 18.7% in 1997 and was at its lowest, 9.9%, 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.
Share of manufacturing in gross domestic product (GDP) 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% |
Latvia compared with similar countries
- Latvia's 10.0% is above the median for high income countries, which is 9.5%, 1.1× the median. (75 countries reporting)
- Latvia's 10.0% is below the median for Europe & Central Asia, which is 12.0%, 83% of the median. (53 countries reporting)
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
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is share of manufacturing in gross domestic product (gdp) in Latvia?
- Share of manufacturing in gross domestic product (gdp) in Latvia was 10.0% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Latvia?
- The highest recorded value was 18.7% in 1997.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Latvia?
- The lowest recorded value was 9.9% in 2024.
- How does Latvia rank for share of manufacturing in gross domestic product (gdp)?
- Latvia ranks 101st out of 202 countries with data for 2025.
- Is share of manufacturing in gross domestic product (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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.