Value Added (Total Manufacturing) — Share of GDP Standard Local in Latvia
Latvia: Value Added (Total Manufacturing) — Share of GDP Standard Local was 11.29 % in 2023. ▼ Falling
Value Added (Total Manufacturing) — Share of GDP Standard Local in Latvia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Latvia recorded 11.29 % for value added (total manufacturing) — share of gdp standard local in 2023.
The figure is down 1.5% on the previous year and up 0.9% over ten years.
Over the whole period, value added (total manufacturing) — share of gdp standard local in Latvia peaked at 25.14 % in 1991 and was at its lowest, 10.04 %, in 2009.
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 falling across the 33 years of available data.
Value Added (Total Manufacturing) — Share of GDP Standard Local in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 25.14 % | — |
| 1992 | 19.93 % | -20.7% |
| 1993 | 16 % | -19.7% |
| 1994 | 14.38 % | -10.1% |
| 1995 | 14.29 % | -0.7% |
| 1996 | 14.49 % | +1.4% |
| 1997 | 15.48 % | +6.9% |
| 1998 | 15.25 % | -1.5% |
| 1999 | 14.23 % | -6.7% |
| 2000 | 14.36 % | +0.9% |
| 2001 | 14.45 % | +0.6% |
| 2002 | 14.96 % | +3.5% |
| 2003 | 14.24 % | -4.8% |
| 2004 | 13.93 % | -2.2% |
| 2005 | 13.12 % | -5.8% |
| 2006 | 12.49 % | -4.8% |
| 2007 | 11.23 % | -10.1% |
| 2008 | 10.78 % | -3.9% |
| 2009 | 10.04 % | -6.9% |
| 2010 | 11.88 % | +18.3% |
| 2011 | 11.77 % | -0.9% |
| 2012 | 11.51 % | -2.2% |
| 2013 | 11.19 % | -2.8% |
| 2014 | 10.78 % | -3.6% |
| 2015 | 10.85 % | +0.6% |
| 2016 | 10.76 % | -0.8% |
| 2017 | 11.11 % | +3.3% |
| 2018 | 11.45 % | +3.0% |
| 2019 | 11.49 % | +0.4% |
| 2020 | 11.99 % | +4.4% |
| 2021 | 12.35 % | +3.0% |
| 2022 | 11.47 % | -7.2% |
| 2023 | 11.29 % | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.58 % | 14.23 % | 25.14 % | 9 |
| 2000s | 12.96 % | 10.04 % | 14.96 % | 10 |
| 2010s | 11.28 % | 10.76 % | 11.88 % | 10 |
| 2020s | 11.77 % | 11.29 % | 12.35 % | 4 |
Countries ranked near Latvia
- 80 Bosnia and Herzegovina 11.49 % compare
- 81 South Africa 11.39 % compare
- 82 Netherlands (Kingdom of the) 11.37 % compare
- 84 Belgium 11.26 % compare
- 85 Kazakhstan 11.24 % compare
- 86 Mauritius 11.24 % 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 (total manufacturing) — share of gdp standard local in Latvia?
- Value added (total manufacturing) — share of gdp standard local in Latvia was 11.29 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — share of gdp standard local recorded in Latvia?
- The highest recorded value was 25.14 % in 1991.
- What is the lowest value added (total manufacturing) — share of gdp standard local recorded in Latvia?
- The lowest recorded value was 10.04 % in 2009.
- How does Latvia rank for value added (total manufacturing) — share of gdp standard local?
- Latvia ranks 83rd out of 194 countries with data for 2023.
- Is value added (total manufacturing) — share of gdp standard local rising or falling in Latvia?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is falling.
- 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 (Total Manufacturing) — Share of GDP Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).