Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia
Latvia: Value Added (Total Manufacturing) — Value Standard Local Currency was 0.0017 million SLC per person in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia, 1991–2023
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Latvia stood at 0.0017 million SLC per person.
Compared with earlier readings it is down 0.1% on the previous year and up 36.0% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Latvia peaked at 0.0018 million SLC per person in 2021 and was at its lowest, 0.0006 million SLC per person, in 1994.
Latvia ranks 142nd of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1991 | 0.0018 million SLC per person | — |
| 1992 | 0.0009 million SLC per person | -47.6% |
| 1993 | 0.0006 million SLC per person | -30.3% |
| 1994 | 0.0006 million SLC per person | -8.0% |
| 1995 | 0.0006 million SLC per person | +0.9% |
| 1996 | 0.0006 million SLC per person | +4.9% |
| 1997 | 0.0007 million SLC per person | +17.8% |
| 1998 | 0.0008 million SLC per person | +5.9% |
| 1999 | 0.0008 million SLC per person | -3.3% |
| 2000 | 0.0008 million SLC per person | +7.8% |
| 2001 | 0.0009 million SLC per person | +8.5% |
| 2002 | 0.001 million SLC per person | +12.8% |
| 2003 | 0.001 million SLC per person | +4.2% |
| 2004 | 0.0011 million SLC per person | +7.5% |
| 2005 | 0.0012 million SLC per person | +6.3% |
| 2006 | 0.0013 million SLC per person | +8.4% |
| 2007 | 0.0013 million SLC per person | +0.0% |
| 2008 | 0.0012 million SLC per person | -6.2% |
| 2009 | 0.001 million SLC per person | -20.5% |
| 2010 | 0.0011 million SLC per person | +16.4% |
| 2011 | 0.0012 million SLC per person | +4.0% |
| 2012 | 0.0012 million SLC per person | +6.2% |
| 2013 | 0.0012 million SLC per person | +0.3% |
| 2014 | 0.0012 million SLC per person | -0.7% |
| 2015 | 0.0013 million SLC per person | +5.3% |
| 2016 | 0.0013 million SLC per person | +2.6% |
| 2017 | 0.0014 million SLC per person | +7.8% |
| 2018 | 0.0016 million SLC per person | +8.3% |
| 2019 | 0.0016 million SLC per person | +1.7% |
| 2020 | 0.0016 million SLC per person | +1.5% |
| 2021 | 0.0018 million SLC per person | +11.1% |
| 2022 | 0.0017 million SLC per person | -5.2% |
| 2023 | 0.0017 million SLC per person | -0.1% |
Latvia compared with similar countries
- Latvia's 0.0017 million SLC per person is below the median for high income countries, which is 0.0052 million SLC per person, 33% of the median. (73 countries reporting)
- Latvia's 0.0017 million SLC per person is below the median for Europe & Central Asia, which is 0.0064 million SLC per person, 27% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total 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 |
|---|---|---|---|
| 1992 | -47.6% | 0.0018 million SLC per person | 0.0009 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0008 million SLC per person | 0.0006 million SLC per person | 0.0018 million SLC per person | 9 |
| 2000s | 0.0011 million SLC per person | 0.0008 million SLC per person | 0.0013 million SLC per person | 10 |
| 2010s | 0.0013 million SLC per person | 0.0011 million SLC per person | 0.0016 million SLC per person | 10 |
| 2020s | 0.0017 million SLC per person | 0.0016 million SLC per person | 0.0018 million SLC per person | 4 |
Countries ranked near Latvia
- 139 Portugal 0.0018 million SLC per person compare
- 140 Aruba 0.0018 million SLC per person compare
- 141 Malta 0.0017 million SLC per person compare
- 143 Tajikistan 0.0017 million SLC per person compare
- 144 Mozambique 0.0016 million SLC per person compare
- 145 Bahrain 0.0014 million SLC per person 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) — value standard local currency in Latvia?
- Value added (total manufacturing) — value standard local currency in Latvia was 0.0017 million SLC per person in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Latvia?
- The highest recorded value was 0.0018 million SLC per person in 2021.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Latvia?
- The lowest recorded value was 0.0006 million SLC per person in 1994.
- How does Latvia rank for value added (total manufacturing) — value standard local currency?
- Latvia ranks 142nd out of 194 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Latvia?
- Over the last ten years it is up 36.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.