Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia
Latvia: Value Added (Total Manufacturing) — Value Standard Local Currency was 0.0513 million SLC per square kilometre in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia, 1992–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Latvia stood at 0.0513 million SLC per square kilometre.
The figure is up 0.2% on the previous year and up 27.3% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Latvia peaked at 0.0542 million SLC per square kilometre in 2021 and was at its lowest, 0.024 million SLC per square kilometre, in 1995.
Latvia ranks 165th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1992 | 0.039 million SLC per square kilometre | — |
| 1993 | 0.0266 million SLC per square kilometre | -31.7% |
| 1994 | 0.0241 million SLC per square kilometre | -9.5% |
| 1995 | 0.024 million SLC per square kilometre | -0.5% |
| 1996 | 0.0249 million SLC per square kilometre | +3.7% |
| 1997 | 0.029 million SLC per square kilometre | +16.7% |
| 1998 | 0.0304 million SLC per square kilometre | +4.9% |
| 1999 | 0.0292 million SLC per square kilometre | -4.1% |
| 2000 | 0.0312 million SLC per square kilometre | +6.8% |
| 2001 | 0.0334 million SLC per square kilometre | +7.1% |
| 2002 | 0.0372 million SLC per square kilometre | +11.5% |
| 2003 | 0.0384 million SLC per square kilometre | +3.2% |
| 2004 | 0.0409 million SLC per square kilometre | +6.4% |
| 2005 | 0.043 million SLC per square kilometre | +5.1% |
| 2006 | 0.0462 million SLC per square kilometre | +7.4% |
| 2007 | 0.0458 million SLC per square kilometre | -0.8% |
| 2008 | 0.0425 million SLC per square kilometre | -7.2% |
| 2009 | 0.0332 million SLC per square kilometre | -21.8% |
| 2010 | 0.0379 million SLC per square kilometre | +14.0% |
| 2011 | 0.0387 million SLC per square kilometre | +2.1% |
| 2012 | 0.0406 million SLC per square kilometre | +4.9% |
| 2013 | 0.0403 million SLC per square kilometre | -0.8% |
| 2014 | 0.0396 million SLC per square kilometre | -1.6% |
| 2015 | 0.0414 million SLC per square kilometre | +4.4% |
| 2016 | 0.0421 million SLC per square kilometre | +1.7% |
| 2017 | 0.045 million SLC per square kilometre | +6.8% |
| 2018 | 0.0483 million SLC per square kilometre | +7.4% |
| 2019 | 0.0488 million SLC per square kilometre | +1.0% |
| 2020 | 0.0492 million SLC per square kilometre | +0.8% |
| 2021 | 0.0542 million SLC per square kilometre | +10.2% |
| 2022 | 0.0512 million SLC per square kilometre | -5.5% |
| 2023 | 0.0513 million SLC per square kilometre | +0.2% |
Latvia compared with similar countries
- Latvia's 0.0513 million SLC per square kilometre is below the median for high income countries, which is 0.7488 million SLC per square kilometre, 7% of the median. (73 countries reporting)
- Latvia's 0.0513 million SLC per square kilometre is below the median for Europe & Central Asia, which is 0.6076 million SLC per square kilometre, 8% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0284 million SLC per square kilometre | 0.024 million SLC per square kilometre | 0.039 million SLC per square kilometre | 8 |
| 2000s | 0.0392 million SLC per square kilometre | 0.0312 million SLC per square kilometre | 0.0462 million SLC per square kilometre | 10 |
| 2010s | 0.0423 million SLC per square kilometre | 0.0379 million SLC per square kilometre | 0.0488 million SLC per square kilometre | 10 |
| 2020s | 0.0515 million SLC per square kilometre | 0.0492 million SLC per square kilometre | 0.0542 million SLC per square kilometre | 4 |
Countries ranked near Latvia
- 162 Tonga 0.056 million SLC per square kilometre compare
- 163 Azerbaijan 0.0558 million SLC per square kilometre compare
- 164 Fiji 0.0538 million SLC per square kilometre compare
- 166 Panama 0.0463 million SLC per square kilometre compare
- 167 Sierra Leone 0.0356 million SLC per square kilometre compare
- 168 Solomon Islands 0.0333 million SLC per square kilometre 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 0.0513 million SLC per square kilometre 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 0.0542 million SLC per square kilometre in 2021.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Latvia?
- The lowest recorded value was 0.024 million SLC per square kilometre in 1995.
- How does Latvia rank for value added (total manufacturing) — value standard local currency?
- Latvia ranks 165th 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 27.3%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.