Latvia vs Luxembourg: Industry (including construction), value added
Industry (including construction), value added over time
- Latvia
- Luxembourg
How they compare
Luxembourg currently reports 6.62 billion constant LCU against 5.60 billion constant LCU in Latvia, a difference of 1.03 billion constant LCU.
That makes Luxembourg's figure about 1.2 times Latvia's.
The two have swapped places 4 times across 31 shared years of data; in 1995 it was Luxembourg ahead.
Globally, Latvia ranks 155th and Luxembourg ranks 153rd of 199 countries.
Individual pages
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.