Value Added (Total Manufacturing) — Value US$, 2015 prices in Latvia
Latvia: Value Added (Total Manufacturing) — Value US$, 2015 prices was 3,542 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$, 2015 prices in Latvia, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for value added (total manufacturing) — value us$, 2015 prices in Latvia is 3,542 million USD, measured in 2023.
That represents a change of up 0.2% on the previous year and up 27.3% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Latvia peaked at 5,208 million USD in 1991 and was at its lowest, 1,655 million USD, in 1995.
That places Latvia 111th out of 236 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Value Added (Total Manufacturing) — Value US$, 2015 prices in Latvia, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 5,208 million USD | — |
| 1992 | 2,690 million USD | -48.4% |
| 1993 | 1,838 million USD | -31.7% |
| 1994 | 1,663 million USD | -9.5% |
| 1995 | 1,655 million USD | -0.5% |
| 1996 | 1,717 million USD | +3.7% |
| 1997 | 2,003 million USD | +16.7% |
| 1998 | 2,102 million USD | +4.9% |
| 1999 | 2,017 million USD | -4.1% |
| 2000 | 2,154 million USD | +6.8% |
| 2001 | 2,307 million USD | +7.1% |
| 2002 | 2,572 million USD | +11.5% |
| 2003 | 2,654 million USD | +3.2% |
| 2004 | 2,823 million USD | +6.4% |
| 2005 | 2,969 million USD | +5.1% |
| 2006 | 3,189 million USD | +7.4% |
| 2007 | 3,164 million USD | -0.8% |
| 2008 | 2,937 million USD | -7.2% |
| 2009 | 2,296 million USD | -21.8% |
| 2010 | 2,616 million USD | +14.0% |
| 2011 | 2,672 million USD | +2.1% |
| 2012 | 2,804 million USD | +4.9% |
| 2013 | 2,782 million USD | -0.8% |
| 2014 | 2,736 million USD | -1.6% |
| 2015 | 2,857 million USD | +4.4% |
| 2016 | 2,906 million USD | +1.7% |
| 2017 | 3,104 million USD | +6.8% |
| 2018 | 3,335 million USD | +7.4% |
| 2019 | 3,370 million USD | +1.0% |
| 2020 | 3,395 million USD | +0.8% |
| 2021 | 3,740 million USD | +10.2% |
| 2022 | 3,535 million USD | -5.5% |
| 2023 | 3,542 million USD | +0.2% |
Latvia compared with similar countries
- Latvia's 3,542 million USD is below the median for high income countries, which is 9,626 million USD, 37% of the median. (73 countries reporting)
- Latvia's 3,542 million USD is below the median for Europe & Central Asia, which is 12,800 million USD, 28% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value US$, 2015 prices in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -48.4% | 5,208 million USD | 2,690 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,321 million USD | 1,655 million USD | 5,208 million USD | 9 |
| 2000s | 2,706 million USD | 2,154 million USD | 3,189 million USD | 10 |
| 2010s | 2,918 million USD | 2,616 million USD | 3,370 million USD | 10 |
| 2020s | 3,553 million USD | 3,395 million USD | 3,740 million USD | 4 |
Countries ranked near Latvia
- 108 El Salvador 3,681 million USD compare
- 109 China, Hong Kong SAR 3,619 million USD compare
- 110 Estonia 3,572 million USD compare
- 112 Panama 3,432 million USD compare
- 113 Mali 3,291 million USD compare
- 114 Luxembourg 3,182 million USD compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), 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 us$, 2015 prices in Latvia?
- Value added (total manufacturing) — value us$, 2015 prices in Latvia was 3,542 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Latvia?
- The highest recorded value was 5,208 million USD in 1991.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Latvia?
- The lowest recorded value was 1,655 million USD in 1995.
- How does Latvia rank for value added (total manufacturing) — value us$, 2015 prices?
- Latvia ranks 111th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices 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 Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$, 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).