Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia
Latvia: Value Added (Total Manufacturing) — Value Standard Local Currency was 0.0708 million SLC per square kilometre in 2023. ◆ Volatile
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 0.0708 million SLC per square kilometre. That is the highest value across all 32 years on record.
The figure is up 3.2% on the previous year and up 74.3% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Latvia peaked at 0.0708 million SLC per square kilometre in 2023 and was at its lowest, 0.0064 million SLC per square kilometre, in 1992.
Latvia ranks 165th of 194 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Latvia, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1992 | 0.0064 million SLC per square kilometre | — |
| 1993 | 0.0074 million SLC per square kilometre | +16.0% |
| 1994 | 0.0087 million SLC per square kilometre | +17.4% |
| 1995 | 0.0115 million SLC per square kilometre | +31.9% |
| 1996 | 0.0129 million SLC per square kilometre | +11.8% |
| 1997 | 0.0158 million SLC per square kilometre | +23.0% |
| 1998 | 0.0143 million SLC per square kilometre | -9.5% |
| 1999 | 0.0137 million SLC per square kilometre | -4.5% |
| 2000 | 0.015 million SLC per square kilometre | +10.0% |
| 2001 | 0.0163 million SLC per square kilometre | +8.7% |
| 2002 | 0.0183 million SLC per square kilometre | +12.0% |
| 2003 | 0.019 million SLC per square kilometre | +3.9% |
| 2004 | 0.0219 million SLC per square kilometre | +15.0% |
| 2005 | 0.025 million SLC per square kilometre | +14.6% |
| 2006 | 0.0292 million SLC per square kilometre | +16.6% |
| 2007 | 0.0366 million SLC per square kilometre | +25.3% |
| 2008 | 0.0379 million SLC per square kilometre | +3.6% |
| 2009 | 0.0297 million SLC per square kilometre | -21.5% |
| 2010 | 0.0346 million SLC per square kilometre | +16.4% |
| 2011 | 0.0374 million SLC per square kilometre | +8.1% |
| 2012 | 0.0401 million SLC per square kilometre | +7.2% |
| 2013 | 0.0406 million SLC per square kilometre | +1.3% |
| 2014 | 0.0399 million SLC per square kilometre | -1.7% |
| 2015 | 0.0414 million SLC per square kilometre | +3.7% |
| 2016 | 0.0415 million SLC per square kilometre | +0.3% |
| 2017 | 0.0455 million SLC per square kilometre | +9.6% |
| 2018 | 0.0495 million SLC per square kilometre | +8.9% |
| 2019 | 0.0524 million SLC per square kilometre | +5.8% |
| 2020 | 0.0539 million SLC per square kilometre | +3.0% |
| 2021 | 0.0667 million SLC per square kilometre | +23.6% |
| 2022 | 0.0685 million SLC per square kilometre | +2.8% |
| 2023 | 0.0708 million SLC per square kilometre | +3.2% |
Latvia compared with similar countries
- Latvia's 0.0708 million SLC per square kilometre is below the median for high income countries, which is 0.9102 million SLC per square kilometre, 8% of the median. (73 countries reporting)
- Latvia's 0.0708 million SLC per square kilometre is below the median for Europe & Central Asia, which is 0.8961 million SLC per square kilometre, 8% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0113 million SLC per square kilometre | 0.0064 million SLC per square kilometre | 0.0158 million SLC per square kilometre | 8 |
| 2000s | 0.0249 million SLC per square kilometre | 0.015 million SLC per square kilometre | 0.0379 million SLC per square kilometre | 10 |
| 2010s | 0.0423 million SLC per square kilometre | 0.0346 million SLC per square kilometre | 0.0524 million SLC per square kilometre | 10 |
| 2020s | 0.065 million SLC per square kilometre | 0.0539 million SLC per square kilometre | 0.0708 million SLC per square kilometre | 4 |
Countries ranked near Latvia
- 162 Azerbaijan 0.086 million SLC per square kilometre compare
- 163 Tajikistan 0.0811 million SLC per square kilometre compare
- 164 Tonga 0.0751 million SLC per square kilometre compare
- 166 Jordan 0.0704 million SLC per square kilometre compare
- 167 Dominica 0.0663 million SLC per square kilometre compare
- 168 Zambia 0.0636 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 0.0708 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 0.0708 million SLC per square kilometre in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Latvia?
- The lowest recorded value was 0.0064 million SLC per square kilometre in 1992.
- 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 74.3%. The long-run trend across the full record is volatile.
- 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, 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 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 ÷ 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 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.