Value Added Deflator (Manufacturing) — Value Standard Local Currency in Latvia
Latvia: Value Added Deflator (Manufacturing) — Value Standard Local Currency was 137.93 SLC in 2023. ▲ Rising
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Latvia, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
In 2023, value added deflator (manufacturing) — value standard local currency in Latvia stood at 137.93 SLC. That is the highest value across all 34 years on record.
The figure is up 3.1% on the previous year and up 36.9% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Latvia peaked at 137.93 SLC in 2023 and was at its lowest, 0.6683 SLC, in 1990.
That places Latvia 83rd out of 194 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Latvia, year by year
| Year | SLC | Change |
|---|---|---|
| 1990 | 0.6683 SLC | — |
| 1991 | 1.59 SLC | +138.3% |
| 1992 | 16.43 SLC | +931.6% |
| 1993 | 27.88 SLC | +69.7% |
| 1994 | 36.18 SLC | +29.8% |
| 1995 | 47.94 SLC | +32.5% |
| 1996 | 51.67 SLC | +7.8% |
| 1997 | 54.46 SLC | +5.4% |
| 1998 | 46.97 SLC | -13.8% |
| 1999 | 46.75 SLC | -0.5% |
| 2000 | 48.15 SLC | +3.0% |
| 2001 | 48.87 SLC | +1.5% |
| 2002 | 49.12 SLC | +0.5% |
| 2003 | 49.44 SLC | +0.7% |
| 2004 | 53.44 SLC | +8.1% |
| 2005 | 58.22 SLC | +8.9% |
| 2006 | 63.19 SLC | +8.5% |
| 2007 | 79.77 SLC | +26.2% |
| 2008 | 89.03 SLC | +11.6% |
| 2009 | 89.37 SLC | +0.4% |
| 2010 | 91.26 SLC | +2.1% |
| 2011 | 96.6 SLC | +5.9% |
| 2012 | 98.66 SLC | +2.1% |
| 2013 | 100.78 SLC | +2.2% |
| 2014 | 100.72 SLC | -0.1% |
| 2015 | 100 SLC | -0.7% |
| 2016 | 98.57 SLC | -1.4% |
| 2017 | 101.11 SLC | +2.6% |
| 2018 | 102.47 SLC | +1.3% |
| 2019 | 107.31 SLC | +4.7% |
| 2020 | 109.66 SLC | +2.2% |
| 2021 | 123.03 SLC | +12.2% |
| 2022 | 133.84 SLC | +8.8% |
| 2023 | 137.93 SLC | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.06 SLC | 0.6683 SLC | 54.46 SLC | 10 |
| 2000s | 62.86 SLC | 48.15 SLC | 89.37 SLC | 10 |
| 2010s | 99.75 SLC | 91.26 SLC | 107.31 SLC | 10 |
| 2020s | 126.12 SLC | 109.66 SLC | 137.93 SLC | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross domestic savings (current US$), annual growth rate 8.25 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 5,125 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.69 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.1724 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 4,535 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 14.91 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9492 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 24,976 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.67 % change on previous year (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 137.93 SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Latvia?
- The highest recorded value was 137.93 SLC in 2023.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Latvia?
- The lowest recorded value was 0.6683 SLC in 1990.
- How does Latvia rank for value added deflator (manufacturing) — value standard local currency?
- Latvia ranks 83rd out of 194 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 36.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).