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.
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
- 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)
- 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)
- Taxes less subsidies on products 6.35 billion current US$ (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.