Value Added (Total Manufacturing) — Value US$ in Latvia
Latvia: Value Added (Total Manufacturing) — Value US$ was 4,761 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$ 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$ in Latvia is 4,761 million USD, measured in 2023.
That represents a change of up 6.0% on the previous year and up 41.9% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Latvia peaked at 4,906 million USD in 2021 and was at its lowest, 876.68 million USD, in 1994.
That places Latvia 108th 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$ in Latvia, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 2,885 million USD | — |
| 1992 | 1,461 million USD | -49.4% |
| 1993 | 1,011 million USD | -30.8% |
| 1994 | 876.68 million USD | -13.3% |
| 1995 | 952.69 million USD | +8.7% |
| 1996 | 1,020 million USD | +7.1% |
| 1997 | 1,190 million USD | +16.6% |
| 1998 | 1,060 million USD | -10.9% |
| 1999 | 1,021 million USD | -3.7% |
| 2000 | 1,083 million USD | +6.1% |
| 2001 | 1,138 million USD | +5.0% |
| 2002 | 1,294 million USD | +13.8% |
| 2003 | 1,455 million USD | +12.4% |
| 2004 | 1,769 million USD | +21.6% |
| 2005 | 1,939 million USD | +9.6% |
| 2006 | 2,277 million USD | +17.5% |
| 2007 | 3,112 million USD | +36.6% |
| 2008 | 3,445 million USD | +10.7% |
| 2009 | 2,570 million USD | -25.4% |
| 2010 | 2,850 million USD | +10.9% |
| 2011 | 3,262 million USD | +14.4% |
| 2012 | 3,204 million USD | -1.8% |
| 2013 | 3,354 million USD | +4.7% |
| 2014 | 3,300 million USD | -1.6% |
| 2015 | 2,857 million USD | -13.4% |
| 2016 | 2,858 million USD | +0.0% |
| 2017 | 3,196 million USD | +11.8% |
| 2018 | 3,638 million USD | +13.8% |
| 2019 | 3,648 million USD | +0.3% |
| 2020 | 3,833 million USD | +5.1% |
| 2021 | 4,906 million USD | +28.0% |
| 2022 | 4,491 million USD | -8.5% |
| 2023 | 4,761 million USD | +6.0% |
Latvia compared with similar countries
- Latvia's 4,761 million USD is below the median for high income countries, which is 11,780 million USD, 40% of the median. (73 countries reporting)
- Latvia's 4,761 million USD is below the median for Europe & Central Asia, which is 15,638 million USD, 30% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,275 million USD | 876.68 million USD | 2,885 million USD | 9 |
| 2000s | 2,008 million USD | 1,083 million USD | 3,445 million USD | 10 |
| 2010s | 3,217 million USD | 2,850 million USD | 3,648 million USD | 10 |
| 2020s | 4,498 million USD | 3,833 million USD | 4,906 million USD | 4 |
Countries ranked near Latvia
- 105 Estonia 4,919 million USD compare
- 106 Haiti 4,857 million USD compare
- 107 El Salvador 4,763 million USD compare
- 109 Sudan (former) 4,655 million USD compare
- 110 Bolivia (Plurinational State of) 4,597 million USD compare
- 111 Senegal 4,482 million USD compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is value added (total manufacturing) — value us$ in Latvia?
- Value added (total manufacturing) — value us$ in Latvia was 4,761 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Latvia?
- The highest recorded value was 4,906 million USD in 2021.
- What is the lowest value added (total manufacturing) — value us$ recorded in Latvia?
- The lowest recorded value was 876.68 million USD in 1994.
- How does Latvia rank for value added (total manufacturing) — value us$?
- Latvia ranks 108th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Latvia?
- Over the last ten years it is up 41.9%. 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$. 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).