Value Added Deflator (Manufacturing) — Value Standard Local Currency in Latvia
Latvia: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 3.05 % change on previous year in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Latvia, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latvia recorded 3.05 % change on previous year for value added deflator (manufacturing) — value standard local currency in 2023.
The figure is down 65.2% on the previous year and up 41.9% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Latvia peaked at 931.63 % change on previous year in 1992 and was at its lowest, -13.76 % change on previous year, in 1998.
Latvia ranks 129th of 209 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 138.32 % change on previous year | — |
| 1992 | 931.63 % change on previous year | +573.5% |
| 1993 | 69.71 % change on previous year | -92.5% |
| 1994 | 29.76 % change on previous year | -57.3% |
| 1995 | 32.5 % change on previous year | +9.2% |
| 1996 | 7.79 % change on previous year | -76.0% |
| 1997 | 5.4 % change on previous year | -30.7% |
| 1998 | -13.76 % change on previous year | -354.8% |
| 1999 | -0.4603 % change on previous year | -96.7% |
| 2000 | 2.99 % change on previous year | -750.3% |
| 2001 | 1.49 % change on previous year | -50.2% |
| 2002 | 0.5108 % change on previous year | -65.7% |
| 2003 | 0.6635 % change on previous year | +29.9% |
| 2004 | 8.07 % change on previous year | +1117.0% |
| 2005 | 8.95 % change on previous year | +10.8% |
| 2006 | 8.54 % change on previous year | -4.6% |
| 2007 | 26.24 % change on previous year | +207.3% |
| 2008 | 11.61 % change on previous year | -55.8% |
| 2009 | 0.3784 % change on previous year | -96.7% |
| 2010 | 2.11 % change on previous year | +457.4% |
| 2011 | 5.85 % change on previous year | +177.4% |
| 2012 | 2.13 % change on previous year | -63.5% |
| 2013 | 2.15 % change on previous year | +0.8% |
| 2014 | -0.0546 % change on previous year | -102.5% |
| 2015 | -0.7198 % change on previous year | +1218.9% |
| 2016 | -1.43 % change on previous year | +98.1% |
| 2017 | 2.58 % change on previous year | -280.8% |
| 2018 | 1.34 % change on previous year | -47.8% |
| 2019 | 4.72 % change on previous year | +250.8% |
| 2020 | 2.19 % change on previous year | -53.7% |
| 2021 | 12.2 % change on previous year | +458.1% |
| 2022 | 8.79 % change on previous year | -28.0% |
| 2023 | 3.05 % change on previous year | -65.2% |
Latvia compared with similar countries
- Latvia's 3.05 % change on previous year is below the median for high income countries, which is 4.9 % change on previous year, 62% of the median. (68 countries reporting)
- Latvia's 3.05 % change on previous year is below the median for Europe & Central Asia, which is 5.11 % change on previous year, 60% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Value Added Deflator (Manufacturing) — Value Standard Local Currency in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | -1218.9% | -0.0546 % change on previous year | -0.7198 % change on previous year |
| 2004 | +1117.0% | 0.6635 % change on previous year | 8.07 % change on previous year |
| 2000 | +750.3% | -0.4603 % change on previous year | 2.99 % change on previous year |
| 1992 | +573.5% | 138.32 % change on previous year | 931.63 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 133.43 % change on previous year | -13.76 % change on previous year | 931.63 % change on previous year | 9 |
| 2000s | 6.95 % change on previous year | 0.3784 % change on previous year | 26.24 % change on previous year | 10 |
| 2010s | 1.87 % change on previous year | -1.43 % change on previous year | 5.85 % change on previous year | 10 |
| 2020s | 6.56 % change on previous year | 2.19 % change on previous year | 12.2 % change on previous year | 4 |
Countries ranked near Latvia
- 126 Niger 3.26 % change on previous year compare
- 127 Puerto Rico 3.24 % change on previous year compare
- 128 Somalia 3.16 % change on previous year compare
- 130 Montserrat 2.98 % change on previous year compare
- 131 China, Hong Kong SAR 2.78 % change on previous year compare
- 132 Philippines 2.54 % change on previous year compare
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 value added deflator (manufacturing) — value standard local currency in Latvia?
- Value added deflator (manufacturing) — value standard local currency in Latvia was 3.05 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Latvia?
- The highest recorded value was 931.63 % change on previous year in 1992.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Latvia?
- The lowest recorded value was -13.76 % change on previous year in 1998.
- How does Latvia rank for value added deflator (manufacturing) — value standard local currency?
- Latvia ranks 129th out of 209 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in Latvia?
- Over the last ten years it is up 41.9%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added Deflator (Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.