Value Added (Total Manufacturing) — Share of GDP US$ in Latvia
Latvia: Value Added (Total Manufacturing) — Share of GDP US$ was 11.27 % in 2023. ▼ Falling
Value Added (Total Manufacturing) — Share of GDP US$ in Latvia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for value added (total manufacturing) — share of gdp us$ in Latvia is 11.27 %, measured in 2023.
The figure is down 4.6% on the previous year and down 2.1% over ten years.
Over the whole period, value added (total manufacturing) — share of gdp us$ in Latvia peaked at 33.62 % in 1991 and was at its lowest, 10 %, in 2009.
That places Latvia 91st out of 203 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 US$ in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 33.62 % | — |
| 1992 | 25.56 % | -24.0% |
| 1993 | 20.3 % | -20.6% |
| 1994 | 17.12 % | -15.7% |
| 1995 | 18.19 % | +6.2% |
| 1996 | 17.6 % | -3.2% |
| 1997 | 18.73 % | +6.5% |
| 1998 | 15.2 % | -18.9% |
| 1999 | 13.93 % | -8.3% |
| 2000 | 13.95 % | +0.1% |
| 2001 | 13.89 % | -0.5% |
| 2002 | 13.99 % | +0.8% |
| 2003 | 12.94 % | -7.5% |
| 2004 | 12.79 % | -1.1% |
| 2005 | 11.89 % | -7.1% |
| 2006 | 11.14 % | -6.3% |
| 2007 | 10.58 % | -5.1% |
| 2008 | 10.09 % | -4.6% |
| 2009 | 10 % | -0.9% |
| 2010 | 12.14 % | +21.4% |
| 2011 | 12.17 % | +0.2% |
| 2012 | 11.81 % | -2.9% |
| 2013 | 11.51 % | -2.6% |
| 2014 | 10.9 % | -5.3% |
| 2015 | 10.85 % | -0.5% |
| 2016 | 10.54 % | -2.8% |
| 2017 | 10.87 % | +3.2% |
| 2018 | 10.94 % | +0.6% |
| 2019 | 11.02 % | +0.7% |
| 2020 | 11.48 % | +4.2% |
| 2021 | 12.85 % | +11.9% |
| 2022 | 11.81 % | -8.1% |
| 2023 | 11.27 % | -4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.03 % | 13.93 % | 33.62 % | 9 |
| 2000s | 12.13 % | 10 % | 13.99 % | 10 |
| 2010s | 11.28 % | 10.54 % | 12.17 % | 10 |
| 2020s | 11.85 % | 11.27 % | 12.85 % | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
Frequently asked questions
- What is value added (total manufacturing) — share of gdp us$ in Latvia?
- Value added (total manufacturing) — share of gdp us$ in Latvia was 11.27 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — share of gdp us$ recorded in Latvia?
- The highest recorded value was 33.62 % in 1991.
- What is the lowest value added (total manufacturing) — share of gdp us$ recorded in Latvia?
- The lowest recorded value was 10 % in 2009.
- How does Latvia rank for value added (total manufacturing) — share of gdp us$?
- Latvia ranks 91st out of 203 countries with data for 2023.
- Is value added (total manufacturing) — share of gdp us$ rising or falling in Latvia?
- Over the last ten years it is down 2.1%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).